Thursday, October 04, 2012

An overview of Cityscape Global 2012

Cityscape Global 2012 was unveiled on 2nd October 2012, with huge crowds thronging into the Dubai International Convention & Exhibition Centre at Dubai World Trade Centre. This 11th edition of Cityscape Global, the region’s largest international real estate events, was officially unveiled by Shaikh Maktoum bin Mohammed bin Rashid Al Maktoum, the Deputy Ruler of Dubai.

The official opening ceremony began with welcome address by H.E. Eng. Hussain Nasser Lootah, Director General of Dubai Municipality, and the ceremony involved participation of several VIPs. H.H. Shaikh Maktoum toured the exhibition visiting the stands of all major developers from Abu Dhabi, Dubai, Qatar, Iraq, Turkey and Russia.

This year, the Cityscape Global Exhibition has been 50% larger, featuring major developers from 31 countries across the globe. This year too, the event involved participation of major developers such as Meydan Group, Sobha Group, Dubai Properties Group, Barwa, UDC, Emaar, Al Futtaim Group and Agaoglu (Turkey).

Among the other major international developers are Ministry of Construction and Housing in Iraq (Iraq pavilion), Tata Housing Development Company (India pavilion) and United Development Company (Qatar pavilion).

The three-day event which concludes on 4th October at the Dubai International Convention and Exhibition Centre focuses on exhibitor announcements from UAE and international developers, hosting investor roundtables, conferences, and extravagant dinner awards ceremony.

Major UAE projects

Leading the charge in the UAE, is the Meydan Group, which announced the launch of brand new tower on Sheikh Zayed Road, which includes residential, commercial and leisure options at the heart of Dubai. It offers office and retail spaces, serviced hotel apartments and hotel, private sky gardens, restaurant, nightclub, indoor running track, infinity pools and tennis court.

Meanwhile, Damac Properties showcased its serviced hotel apartment and brand new Suites & Spa service at Cityscape Global. Damac offered five-star management and concierge services across the hotel apartment offering, promising 4000 hotel apartments under development by end of 2013.

Other major UAE developers that participated in this year's Cityscape Global are Foundation sponsors Emaar Properties, Dubai Properties Group and Nakheel, apart from Meraas, Falconcity of Wonders, and Tourism Development and Investment Company (TDIC).

Meraas Holding pavilion explained visitors about various projects of the company in Dubai, including Jumeirah Island project, and Meraas Beach development stretching 600 metres in length.

Meanwhile, Nakheel briefed visitors about Jumeirah Park project Phase II comprising 377 luxury villas near Sheikh Zayed Road, while the Falconcity of Wonders (FCW) showcased the company’s multipurpose mega project comprising various residential and commercial buildings, including huge retail hub by the company.

The TDIC pavilion displayed the Saadiyat Island development project. Thereafter, H.H. Sheikh Mohammed launched the Mohammed bin Rashid Gardens project, which is a collection of neighbourhoods centred on ‘garden living’, with infrastructure resembling modern residential locales. The various elements of the project will be linked by canals and lagoons, apart from walking and jogging paths, bicycle track, and sports amenities.

Projects in GCC and international markets:
Barwa Real Estate from Qatar was another headline exhibitor at the Cityscape Global, which is expecting a big year this year, delivering a portfolio of mega developments including Barwa Commercial Avenue, Barwa Al Sadd, Barwa City and other iconic developments.

UDC, the master developer of ‘The Pearl Qatar’ focused on showcasing the development, apart from displayed select residential properties for sale including Porto Arabia units in the island’s Porto Arabia district, and Medina Centrale, offering unique advantage for trade and investment.

Real estate giants such as Emaar and Al Futtaim Group announced plans to enter into a Dh.3bn joint venture to develop ‘Cairo Gate’, the lifestyle and entertainment development on the Cairo-Alexandria desert highway. Emaar also announced $2.1bn ‘Emaar Square’ in Cairo, a city within city development, in its flagship Uptown Cairo project.

The Exhibition Director for Cityscape Global, Wouter Molman, said that there has been significant increase in real estate companies and developers in Cityscape Global, who are seeking a new breed of international investors.

The growth of the event is largely due to overseas participation from countries such as Bahrain, Lebanon, Qatar, Egypt, and further afield including Poland, UK, Russia, Chile, Brazil, India, USA and Turkey, he added.

The real estate sector in Dubai is all set for double digit growth over the next three years, due to constant stream of fresh project deliveries, with a new series of projects having hit the market during the first quarter of 2012.

Along the sidelines of Cityscape Global, are the Cityscape Awards for Emerging Markets on 3rd October. The awards programme attracts several architects and developers behind real estate developments across emerging markets globally.

Also co-located with the expo are the three dedicated conference programmes, which include the Global Real Estate Summit, World Architecture Congress and Retail City Conference.

Taking into account the considerable growth of Cityscape Global 2012 edition over that of last year’s, coupled with increased display area by 50%, H.H. Sheikh Mohammed expressed his satisfaction, and said that the year 2012 marks a vigorous and healthy comeback for the real estate sector in Dubai.

1 comment:

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