Cityscape Global 2016: What you Missed
Cityscape Global 2016: What You Missed
Didn’t attend Cityscape this year?
Here’s what you missed witnessing at the Middle East’s largest and most influential real estate exhibition . Dazzling properties , expert discussions and some great deals on the property of your dreams!
Running for several years now, Cityscape Global 2016 saw some really exciting developer stands on display. Sobha, one of Dubai’s leading developers, showcased Sobha Hartland, is a master-development within Mohammad bin Rashid City comprising luxury villas, low-rise apartment buildings and amenities such as schools, retail outlets, tennis courts, spas, clubhouses, hotels and entertainment facilities all in one central location.
History of Cityscape Global
The cityscape global exhibition has been a flagship event in the real estate world, showcasing the latest trends and innovations in urban development. Organized by Informa Markets, a leading exhibition organizer, the event has its roots in the Middle East, catering to the rapidly growing real estate sector in the region. Since its inception, the cityscape global exhibition has evolved into the largest exhibition of its kind, attracting architects, designers, developers, and buyers from around the globe.
Highlights of this year’s exhibition
Dubai Properties Group, another ace developer, was also present to present Dubai Wharf, a mixed-use off plan project featuring residential towers and retail, dining and entertainment units. Valued at about 800 million dirhams, it will offer residents serene canal promenade living. Pedestrian bridges over the canal will offer full connectivity throughout Culture Village.
Then there was Ellington Properties Development LLC with Belgravia, an off-plan residential development in Jumeirah Village Circle. Minutes away from Downtown Dubai, Belgravia’s centerpiece is the beautifully landscaped central court. Residents will also have access to numerous facilities such as indoor and outdoor play areas, fitness and recreation centers and a lush outdoor pool. Diamond Developers showcased The Sustainable City, the first Net Zero Energy city in Dubai.
Exploring Investment Prospects at Cityscape Global
Cityscape Global serves as a prime opportunity for investors to explore lucrative prospects in the real estate industry. The exhibition brings together renowned developers, offering insights into strategic partnerships and investment avenues across various urban landscapes.
From residential and commercial properties to urban development projects, the event provides a comprehensive platform for real estate professionals to identify and capitalize on emerging market trends. Additionally, Cityscape Intelligence, a dedicated segment, offers valuable market analysis and intelligence, empowering informed decision-making for investors.
Robust appeal of the Dubai real estate market
According to the latest Dubai Land Department report, the property market saw investments from nearly 26,000 investors comprising 149 nationalities valued at AED 57 billion during the first half of this year.
Aside from UAE nationals, close to 16 Arab nationalities from outside the GCC made investments worth AED 7 billion. The diversity of the investor base reflects the wide range of property options, investor appeal and confidence in the sustainability of growth in the economy .
Experts predict a rebound of the Dubai property market in late 2017
This is expected to be driven by the government’s investments in tourism and retail infrastructure and diversification. Further, while rents and prices have dipped since 2014, the real estate market is stable, with little change in rents and sale prices this year.
Moreover, the much-anticipated Expo 2020 is expected to create new jobs, which will positively impact both sales and retail markets in the long term across the country and drive economic growth. Further, Dubai offers a world-class business environment for start-ups given its tax-free milieu and Free Zone benefits .
Cityscape Global’s Economic Footprint
The economic impact of Cityscape Global extends beyond the confines of the convention center, significantly contributing to the economy of the host city and the broader Middle East region. The event generates substantial revenue through investments in the real estate sector, creating job opportunities and stimulating economic growth.
Rural affairs are also positively influenced as urban development projects showcased at Cityscape Global often include initiatives aimed at improving infrastructure and quality of life in rural areas.
Networking and Knowledge Sharing
Beyond showcasing real estate projects, Cityscape Global facilitates networking and knowledge sharing among industry stakeholders. The convention center hosts numerous panel discussions, workshops, and keynote speeches, where experts from diverse sectors, including cyber security, rural affairs, and sustainable development, share their perspectives and insights.
The Living Summit, a dedicated segment, explores innovative solutions for enhancing urban living experiences. This convergence of industry leaders, policymakers, and thought leaders fosters collaboration, partnerships, and the exchange of best practices, driving the real estate industry towards a more sustainable and innovative future.
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