Over 120 exhibitors at Cityscape Abu Dhabi 2014

Cityscape Abu DhabiAbu Dhabi’s resurgent property market is geared up for double digit growth in 2014, as the UAE capital’s largest property event, Cityscape Abu Dhabi is all set to welcome more than 120 new and returning exhibitors l Image Credit: Supplied

Abu Dhabi: The eighth edition of Cityscape Abu Dhabi is set to welcome more than 120 exhibitors at the Abu Dhabi National Exhibition Centre (Adnec) from April 22-24. Exhibitors include Tamouh, Baniyas, Masdar, Farglory, Emirates Steel, and Abu Dhabi Finance, among others.

A strong international contingent is led by major developers from Turkey, Egypt, USA, Russia, UK, and Oman.

Wouter Molman, director of Cityscape Group at Informa Exhibitions, the organisers of Cityscape Abu Dhabi, said the exhibition has been growing over the past years, with many new exhibitors participating along with many returning ones.

“The outlook for Abu Dhabi’s real estate sector is certainly positive as more jobs and strong economic performance contributes to growing investor confidence, while the general market sentiment across the whole of the UAE has improved since Dubai’s successful World Expo 2020 bid,” Molman said.

Among the highlights of this year’s exhibition is the Abu Dhabi Market Overview Executive Luncheon, which will put a spotlight on Abu Dhabi’s latest project development updates from the emirate’s largest developers.

A VIP networking reception will provide a platform for influential decision makers, international investors, developers, architects, designers, and consultants to meet, exchange ideas, and share development updates.

Growth opportunities

“Abu Dhabi offers Ejadah excellent business growth opportunities as new projects and communities continue to be developed and completed, while Cityscape Abu Dhabi provides us with the ideal platform to access key industry stakeholders and exhibit our renewed capabilities in this rapidly expanding emirate,” Billy Daly, chief executive officer of Ejadah Asset Management Group, headline sponsor of Cityscape Abu Dhabi, said in a statement.

The significance of this year’s Cityscape Abu Dhabi is underlined by the fact that residential, office, retail and hotel sectors are gearing up for double digit growth in 2014.

According to Jones Lang LaSalle’s Q4 2013 Abu Dhabi Real Estate Overview report, 22,000 residential units are expected to be delivered in the emirate this year.

The figure marks a 10 per cent year-on-year increase.

Delivery of office and retail space for the remainder of 2014 is also expected to grow by 16 per cent and 20 per cent respectively.




Source: Staff Report, gulfnews.comGN



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