23/04/2014 07:26 AST
Cityscape Abu Dhabi has started, showing stronger interest from property developers, who have showcased their upcoming projects.
The three-day realty show was opened by Shaikh Hazza bin Zayed Al Nahyan, National Security Advisor and Vice-Chairman of the Executive Council of Abu Dhabi. The show has grown 15 per cent in 2014, as more than 120 regional and international exhibitors are participating in the show.
While all big local players are out in force at Cityscape Abu Dhabi this year, international representation is also strong, with exhibitors coming from Kuwait, Jordan, India, Saudi Arabia, Russia, Egypt, the US and the UK.
Among those include the Salama bint Hamdan Al Nahyan Foundation, which announced plans to build its 125,000sqm Al Fayah Park in the centre of Abu Dhabi; and 3Dimension, which is launching an Emirati-designed Green Villa concept to thousands of potential investors.
Cityscape Abu Dhabi’s growth is matched by the visitor numbers that pre-registered to visit the show, which grew by 26 per cent year-on-year.
This year Informa Exhibitions, organiser of the event, introduced the Abu Dhabi Market Overview Conference, which took place on Tuesday. Jointly organised with JLL and supported by Masdar City, the half-day conference debates the sustainability and momentum of Abu Dhabi’s maturing property market, as the emirate builds toward its 2030 Vision.
Billy Daly, chief executive officer of Ejadah Asset Management Group, said: “The growth of Abu Dhabi’s real estate sector impacts all areas affecting the value of property assets and their return on investment, from facilities management through to property management.”
“Establishing Ejadah in the UAE Capital provides the rapidly expanding emirate with large-scale integrated real estate asset management solutions. Abu Dhabi offers Ejadah excellent business growth opportunities as new projects and communities continue to be developed, and we look forward to showcasing our services to developers at Cityscape Abu Dhabi.”
Other major Abu Dhabi-based exhibitors at Cityscape Abu Dhabi 2014 include Abu Dhabi Urban Planning Council, Aldar, Al Maabar, Al Qudra, Arabtec, Baniyas, Farglory, Hydra Properties, Manazel, Masdar, Mubadala, Tamouh and Wahat Al Zaweya, while Ras Al Khaimah’s Al Hamra Real Estate Development will lure investors into its 77million sqm master development, Al Hamra Village. Benoy Kurien, general manager of Al Hamra Real Estate Development, said that Al Hamra Village is a luxury integrated community that includes 1.5km of pristine beaches, 1,000 villas and townhouses, 3,000 residential apartments, two hotels, three resorts, an 18-hole golf course, a 200-berth marina and a shopping mall.
“Our developments have experienced tremendous growth in value over the past two years as demand for quality homes in the Northern Emirates has risen. We launched our luxury project The Falcon Island at Al Hamra Village last month, consisting of 150 luxury villas and waterfront mansions with private beaches, canals, and parks. We plan to sell these villas at Cityscape Abu Dhabi as well as promote our other new projects.”
Khaleej Times
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