Cityscape attendance soars 42%; projects hit new record

Cityscape Global saw a 42 per cent year-on-year increase in local and international attendance, as a number of major developers announced more than 27 mega projects during the three-day show in September in Dubai.

The organisers said around $10.8 billion (Dh39.66 billion) worth of projects were announced during the exhibition, setting a new record for Cityscape.

Indians made up nearly a quarter of the exhibition's visitors (22.6 per cent}, followed by Pakistanis (9.4 per cent), UAE nationals (7.3 per cent) and Britons (7.1 per cent).

“A 42 per cent increase in visitor numbers and more than 5,000 investors attending the show is a real testament to the current strength of the local property market," said Wouter Molman, Director of Cityscape Group. "Notably, more than 53 per cent of our visitors were there to look for real estate investment opportunities or buy a home, and more than 75 per cent of investors in attendance had buying power of $5 million upwards."

Molman also revealed plans to grow the event by 25 per cent next year.

The strong international investor presence at Cityscape Global was bolstered by two new additional international pavilions from Palestine and Bahrain, while the Turkish pavilion had the largest number of overseas exhibitors with a total of 30.

Source: Property Weekly


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