New projects are expected to be launched at the Dubai event
CITYSCAPE Global prepares to host more than 200 exhibitors reflecting renewed investor confidence in Dubai real estate which stands to gain from a Dh50 billion ($13 billion) investment surge in 2012.
The 12th edition of Middle East’s largest and most influential international real estate event that will be held from October 8 to 10 at the Dubai World Trade Centre is expected to grow by 50 per cent for the second year running. It will welcome several Dubai-based developers who will be exhibiting for the first time and many more major developers who will be returning to the show after a hiatus following the global recession in 2008.
The property event is co-located with three dedicated conference programmes – the Global Real Estate Summit, Future Cities, and the Mena Mortgage and Affordable Housing Congress, bringing together a combined 750 senior real estate professionals who will explore opportunities and find solutions to key challenges affecting the industry today.
Organiser Informa Exhibitions expects several exciting new project launches from local powerhouses including Emaar, Nakheel, Dubai Properties Group, Meraas, Dubai World Central, and Meydan.
MAG Group, Omniyat, Tanmiyat, Jumeirah Golf Estates and Union Properties return for the first time in several years with new developments and project updates, while Diamond Developers, SKAI, and Sobha Group take their place among a group of newcomers to the showpiece event.
“Jumeirah Golf Estates is one of the most eagerly anticipated luxury residential golf communities in Dubai, which has generated significant interest from investors around the world,” said Muna Al Haddad, commercial director, Jumeirah Golf Estates.
“With the first batch of villas from the development set for handover in the fourth quarter of this year, it was imperative that we participate in Cityscape Global taking place in October, given its status as the region’s biggest real estate event.
“We look forward to capitalising on the event’s broad appeal to network with potential investors and industry peers, while promoting the distinguishing factors of Jumeirah Golf Estates that make it one of the region’s most attractive sporting, leisure and luxury residential destination.”
For the first time since 2008, all sectors of the Dubai real estate market are now on the upswing. According to global real estate service firm, Jones Lang LaSalle, 2,200 units were added to Dubai’s residential stock inventory in first quarter of 2013, bringing the total inventory in the emirate to 357,000 units, with a further 42,000 estimated to be delivered in the next two years.
Maintaining its appeal to international developers, Cityscape Global has attracted dozens of big-name organisations from emerging real estate markets this year. Turkey represents the largest out of eight international pavilions, as more than 20 developers including Agaoglu, Eroglu, Vadistanbul, and NEF showcase their latest mega projects in the country’s property market.
A large representation from Qatar will be also take part as the thriving Gulf state continues on its ambitious development plan as the host of the 2022 FIFA World Cup – Msheireb Properties, Mall of Qatar, Barwa and United Development Company (UDC), the company behind the Pearl Qatar, are among the headline developers on show.
Wouter Molman, exhibition director for Cityscape Global said: “The 12th edition of Cityscape Global will return this October after a hugely successful year in 2012, in which it attracted more than 25,000 visitors from 93 countries – an increase of 25 per cent year-on-year.