The sixth edition of Cityscape Abu Dhabi has been unveiled at the Abu Dhabi National Exhibition Centre (Adnec) by Sheikh Hazza bin Zayed Al Nahyan, Vice Chairman of Abu Dhabi Executive Council.
The four-day event at Adnec, displays projects by several leading developers from across the region, and is considered as a barometer for the sector in GCC and Abu Dhabi.
Every year, thousands of investors gather during the Cityscape event, to learn about latest market trends, and to get updates on master developments in Abu Dhabi.
The latest report by CBRE, leading global research consultants, revealed that economic growth in Abu Dhabi is at the rate 4.5percent last year, and is likely to grow by 5 percent this year.
Among the anticipated highlights this year are the emirate-wide urban development strategy, part of Vision 2030, by Abu Dhabi Urban Planning Council (UPC), and the Emirati Housing initiative, wherein 7500 new homes are proposed for Emirati families in Abu Dhabi, Al Gharbia and Al Ain.
Among the major developers participating in this year’s Cityscape Abu Dhabi event are Aabar Properties, Sorouh Real Estate, Mubadala, Tamouh Investments and Tourism Development and Investment Company, which will offer updates about progress of its developments, with emphasis on developments on Saadiyat Island.
Meanwhile, Aldar has announced that two beachfront residential developments, Al Zeina and Al Muneera are available for purchase.