Developers flaunt over Dh15b worth of projects at Cityscape

ABU DHABI — The UAE is an investment hotspot with properties offering great value, top developers highlighted during the 12th edition of three-day Cityscape Abu Dhabi.

There were over 100 local and international exhibitors at the real estate and investment event and Cityscape acted as a platform for the launch of flagship projects with an estimated worth exceeding Dh15 billion.

Abu Dhabi leading developer Aldar Properties featured first affordable new mixed-use Dh10 billion Al Ghadeer project located close to the Kizad Free Zone, Al Maktoum International Airport and the Expo 2020 site. The project consists of 14,408 units including villas, townhouses and maisonettes to be delivered over a period of 15 years. The highlight was, however, the agreement signing between Aldar and Hyperloop Transportation Technologies.

There were other properties like Mag Eye by Mag Lifestyle Development. The Dh4.7 billion Mag Eye is a master planned townhouse and villa community situated in Meydan District Seven in Mohammed Bin Rashid City. Built in close proximity to Meydan Racecourse, with easy access to Al Khail and Sheikh Mohammad Bin Zayed Roads, MAG EYE is centrally located within a few minutes’ drive to major leisure and shopping destinations in Dubai. Another residential project was Dh300 million Jewelz by Danube Properties in the Arjan area of Dubai. Many flagship projects were launched during the threeday exhibition.

Al Maryah Island — a Mubadala development and the capital’s business and lifestyle destination unveiled various plans for expanding its portfolio of offerings. Mubadala’s Real Estate and Infrastructure unit introduced the Plug-and-Play concept.

The concept gives prospective businesses the opportunity to take on fully-fitted, furnished private micro-offices available on flexible short-term leases.