His Highness Sheikh Hazza Bin Zayed Al Nahyan opens Cityscape Abu Dhabi
The eighth edition of Cityscape Abu Dhabi has been officially opened by His Highness Sheikh Hazza bin Zayed Al Nahyan, National Security Advisor and Vice Chairman of the Executive Council of Abu Dhabi.
Taking place until 24 April at Abu Dhabi National Exhibition Centre (ADNEC), the three-day event is the UAE capital’s largest and most influential property investment showcase, growing by 15 per cent in 2014, and welcoming more than 120 regional and international exhibitors covering 15,000sqm of exhibition space.
Held under the patronage of H.H. General Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, Cityscape Abu Dhabi’s growth is matched by the visitor numbers that pre-registered to visit the show, which grew by 26 per cent year-on-year. New features and highlights have also been introduced, while dozens of leading property developers are using the important platform to announce and promote their latest projects.
Among those include the Salama bint Hamdan Al Nahyan Foundation, which announced plans to build its 125,000sqm Al Fayah Park in the centre of Abu Dhabi; and 3Dimension, which is launching an Emirati-designed Green Villa concept to thousands of potential investors.
This year Informa Exhibitions, organiser of the event, introduced the Abu Dhabi Market Overview Conference, taking place today. Jointly organised with JLL and supported by Masdar City, the half-day conference debates the sustainability and momentum of Abu Dhabi’s maturing property market, as the Emirate builds toward its 2030 Vision.
A new feature that promises to be a favourite among the thousands of visitors to Cityscape Abu Dhabi over the next three days is Sandscape – an exciting showcase where local and international artists recreate, out of sand, Abu Dhabi’s iconic buildings and fine Arabic heritage. Sandscape is hosted in association with the Abu Dhabi Urban Planning Council and sponsored by Pasco. Another highlight is the VIP Networking Reception tomorrow (Wednesday 23rd April) in association with RICS and sponsored by Abu Dhabi Finance.
Exhibitors supporting Cityscape Abu Dhabi on an official basis include Strategic Partner Department of Municipal Affairs, Platinum Sponsor Emirates Steel, and Official Mortgage Provider Abu Dhabi Finance.
The event’s Headline and Official VIP Sponsor, Ejadah Asset Management, is also looking to address Abu Dhabi’s growing need for integrated real estate and community solutions.
Billy Daly, Chief Executive Officer, Ejadah Asset Management Group, said: “The growth of Abu Dhabi’s real estate sector impacts all areas affecting the value of property assets and their return on investment, from facilities management through to property management.”
“Establishing Ejadah in the UAE Capital provides the rapidly expanding Emirate with large-scale integrated real estate asset management solutions. Abu Dhabi offers Ejadah excellent business growth opportunities as new projects and communities continue to be developed, and we look forward to showcasing our services to developers at Cityscape Abu Dhabi.”
Other major Abu Dhabi based exhibitors at Cityscape Abu Dhabi 2014 include Abu Dhabi Urban Planning Council, Aldar, Al Maabar, Al Qudra, Arabtec, Baniyas, Farglory, Hydra Properties, Manazel, Masdar, Mubadala, Tamouh and Wahat Al Zaweya, while Ras Al Khaimah’s Al Hamra Real Estate Development will lure investors into its 77million sqm master development, Al Hamra Village.
Benoy Kurien, General Manager of Al Hamra Real Estate Development, said: “Al Hamra Village is a luxury integrated community that includes 1.5km of pristine beaches, 1,000 villas and townhouses, 3,000 residential apartments, two hotels, three resorts, an 18 hole golf course, a 200-berth marina and a shopping mall.”
“Our developments at Al Hamra Village have experienced tremendous growth in value over the past two years as demand for quality homes in the Northern Emirates has risen. We launched our luxury project The Falcon Island at Al Hamra Village last month, consisting of 150 luxury villas and waterfront mansions with private beaches, canals, and parks. We plan to sell these villas at Cityscape Abu Dhabi as well as promote our other new projects.”
While all the big local players are out in force at Cityscape Abu Dhabi this year, international representation is also strong, with exhibitors coming from Kuwait, Jordan, India, Saudi Arabia, Russia, Egypt, USA and UK. The Turkish participants also promise to be a major attraction, with several developers showcasing large scale real estate projects in the Southeast European country.
Wouter Molman, Director of Cityscape Group at Informa Exhibitions, said: “Abu Dhabi real estate has regained momentum, showing very healthy sales price and rental increases that reflect increased investor confidence in the Emirate’s property market.
“Cityscape Abu Dhabi has also witnessed an increase in demand for exhibition space from developers that are keen to showcase their latest project updates and launches, and this edition is the most anticipated in the past few years.”
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Sarah Brook/ Gareth Wright
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