Monday, September 28, 2009

Nakheel and Emaar confirm participation in Cityscape Show

The two leading Dubai developers, Nakheel and Emaar Properties, have mentioned that they will participate in the much-anticipated property expo, the Cityscape Show, thereby reversing their earlier decision to pull put.

The leading property developers known for their major projects such as man-made islands and world’s tallest skyscraper had earlier cancelled their participation in the show, which illustrated a shift in focus amidst the real estate bust towards completing existing projects, rather than rolling out new ones.

In their statements to the media, the companies mentioned that they will participate in the two-day property fair, due to begin in Dubai on 5th October.

The decision follows discussions with several agencies involved in organizing the event. The company will make use of the event to explain its growth strategy of expansion and further explore new possibilities in the Middle East, North Africa and South Asia, says the statement by Emaar.

Meanwhile, Nakheel has stated that the company decided to participate following discussions with several industry stakeholders, including partners and leading event organizers.

The company's focus will remain on delivering units and services to existing investors and focus on exhibiting communal properties on several of its developments nearing completion, Nakheel mentioned in its statement.

Organized by IIR Middle East, the Cityscape Dubai 2009 will be held between the 5th and 8th October 2009 at the Dubai International Exhibition Center.

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