Visitors scout latest developments at Cityscape Abu Dhabi
abu dhabi — Visitors at Cityscape Abu Dhabi got the chance to get learn more about some of the latest developments in prime locations around the world, as exhibitors focused on attracting potential investors.
The event saw a 10 per cent increase in visitor numbers on the opening day of the show, year on year, as investors flocked to avail the exclusive offer and payment plans being offered by the exhibiting companies.
Middle East investors were joined by those from India, Pakistan, Russia, Turkey, UK and more, filling the halls of the capital’s largest real estate event, which concluded on Thursday at the Abu Dhabi National Exhibition Centre. A strong international presence has been reinforced at the three-day show as 13 different countries were represented across the 18,000sqm of sold out exhibition space.
Azersun Holding from Azerbaijan were offering an exclusive promotion to Cityscape Abu Dhabi visitors giving a 20 per cent discount for sales made on their 330 hectares mixed-use project, Dreamland Baku Golf Villas & Residences. “We are seeing a huge rise in GCC people wanting to invest, especially UAE nationals. There are lots of cultural similarities, we are conveniently located and Baku is a safe and clean area with lots of things to do, therefore it is no surprise that it is becoming a popular destination,” said Bahar Duzgun, sales and marketing manager of Dreamland Baku Golf Villas & Residences. Turkish exhibitors were also showcasing a range of projects in prime locations across the country. Mounis Akkad, GM of Liderlik Development, said: “We have received a lot of interest in our two projects, which are priced between $2,000 to $4,000 per square metre, and the drop of the Turkish lira and the positive benefits put in place by the government to facilitate overseas purchases have certainly made Turkey an attractive opportunity for foreign investors.”
The Abu Dhabi Urban Planning Council (UPC) made a formal agreement with the UAE’s leading property companies, committing them to a major community initiative for Year of Giving 2017. Nine real estate developers will contribute a collective total of Dh3.23 million in building amenities to benefit the capital’s communities, such as mosques, public parks, walkways, playgrounds and sports facilities throughout Abu Dhabi, as well as honour UAE’s martyrs.
— business@khaleejtimes.com