In 2022, UAE was home to over 100,000 millionaires, and approximately 3,500 high-net-worth individuals moved to Dubai last year
property10 months ago
The continued confidence in Dubai’s maturing real estate market has been underlined by a 30 per cent increase in exhibitors at the Middle East’s largest property showcase, Cityscape Global.
While the 14th edition of the event prepares to host more than 300 exhibitors in a significantly expanded exhibition arena, global property experts, JLL’s residential market overview for the first quarter of 2015 has reported the delivery of approximately 730 residential units across Dubai.
An additional 22,000 residential units are expected to enter the market by the end of 2015, another 13,000 units in 2016 and 10,000 units in 2017, reinforcing the sentiment that the UAE’s real estate sector is continuing to grow at a sustainable rate as the demand for housing rises.
Further highlighting the positive nature of the market, organisers of Cityscape Global, which takes place from September 8 to 10 at the Dubai World Trade Centre, confirmed on Sunday that the event has been extended by two additional exhibition halls — four more halls since the 2013 event — covering more than 40,000 sqm of exhibition space.
Headline exhibitors returning for 2015 include Emaar, Dubai Properties, Dubai World Central, Meydan, Meraas and Nakheel, while first-time exhibitors include Kleindienst Group, DMCC and Al Barari.
Majid Al Futtaim Properties, another newcomer to the event, will showcase its major community projects, displaying three amenity-rich neighbourhoods that can accommodate people’s modern lifestyles where they can live, work and play, and even learn in the same place. These community developments are Al Zahia in Sharjah, Waterfront City in Beirut and The Wave Muscat.
Simon Azzam, chief executive officer, Majid Al Futtaim Properties Communities Business Unit, said: “Today’s modern families want to live in sustainable living environments designed for life-long value, where owners, residents and tenants will feel the added value.”
Wouter Molman, director of Cityscape Group, said: “The demand for exhibition space has been remarkable and as such, we have increased the floor area and adjusted the lay out to ensure visitors can conveniently navigate their way around the venue.”
Also new to Cityscape Global is a complete overhaul of the co-located conferences, now taking place the day before the exhibition.
The Facilities Management conference, jointly organised with Middle East Facilities Management Association, and the Real Estate Brokers will run alongside the Dubai Market Overview on September 7 at the Conrad Hotel in Dubai.
Also running in tandem with the exhibition is the Cityscape Awards for Emerging Markets. The awards programme attracts hundreds of entries from developers and architects behind real estate developments across emerging markets globally. Winners will be announced at a ceremony at the Conrad Hotel on September 8.
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property10 months ago
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