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Cityscape Global has reported a 30 per cent increase in exhibitors, which organisers said reflects continued confidence in Dubai’s maturing real estate market. The 14th edition of the event, which takes place from September 8-10 at the Dubai World Trade Centre, will host more than 300 exhibitors in a significantly expanded exhibition arena.
There will be two additional halls covering more than 40,000 sq m. “The demand for exhibition space has been remarkable and as such, we have increased the floor area as well as adjusted the layout to ensure visitors can conveniently navigate their way around the venue,” said Wouter Molman, Director of Cityscape Group.
“The need to add two additional halls this year has stemmed from both new exhibitors and previous [ones] requesting larger stands to accommodate their existing and new projects, which will be showcased to thousands of visitors in September.
“[Last year] we welcomed more than 47,000 participants; a 42 per cent year-on-year increase. With Cityscape Global set to be the largest it has been for six years, we expect a very strong turnout of visitors from all over the world, as they look to maximise their investment potential in this lucrative market.”
An additional 22,000 residential units are expected by the end of 2015, 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 sustainably as demand for housing rises.
As per JLL, a combination of regulatory changes implemented in the last year has ensured that market conditions in the residential sector remain stable.
Headlining exhibitors returning this year include Emaar, Dubai Properties, Dubai World Central, Mey-dan, Meraas and Nakheel, while first-time exhibitors include Kleindienst Group, DMCC, Al Barari and Majid Al Futtaim Properties.
Source: Property Weekly