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Top developers to launch novel projects at Cityscape

UAE Business

Major developers from the UAE and abroad are launching a number of high profile projects comprising hospitality, retail, and commercial entities when Cityscape Abu Dhabi opens tomorrow (April 12).

Running for the 10th consecutive year, Abu Dhabi’s most prominent real estate showcase, held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces is set to welcome more than 90 exhibitors to the Abu Dhabi National Exhibition Centre (Adnec).

A selection of exhibitors have prepared special offers for Cityscape Abu Dhabi visitors, such as Asteco Property Management, UAE and Trafalgar Properties, UK, both of which are offering one-off discounts for the event.

Jerry Oates, the general manager at Asteco Abu Dhabi said: "Our offering at Cityscape Abu Dhabi this year encapsulates a number of projects in highly attractive locations with a range of pricing options designed to appeal to every type of investors."

Cityscape Abu Dhabi investors will be offered two of Asteco’s residential projects at The Palm, Dubai: Anantara Residence and Dukes Oceania with 10 and 15 per cent guaranteed ROI for three and five years, respectively.

Oats added: “Whether it’s someone looking to get their foot on the real estate ladder with an entry-level investment of Dh480,000 ($1390,644) for those looking to add to their investment portfolios with a multi-million-dirham penthouse, offering excellent ROI potential.”

Trafalgar Properties, meanwhile, will offer four different projects at discounted rates across the UK, including 100 units within its London-based Royal Wharf apartment buildings complex which will be available with a 15 per cent markdown exclusively to Cityscape Abu Dhabi investors.”  

“Trafalgar Properties has a close relationship with developers in the UK and the investors don’t necessarily need to go to Britain as we have a local legal support to help them in finalising the transaction until the handover of the keys,” said Sid Syed, UK Residential Director at Trafalgar Properties LLC.

Carlo Schembri, Exhibition Manager of Cityscape Abu Dhabi at Informa Exhibitions, the organisers of Cityscape Abu Dhabi, said:  “All indications in the run up to the show have been pointing towards an incredibly busy, profitable opening day and we’re expecting a significant number of transactions to take place on the show floor.

“As well as a number of projects offered at preferential rates, a highlight of the show will be the Abu Dhabi Market Overview Forum, which will give those in attendance insight into the Emirate’s latest trends and initiatives, including future developments and newly implemented new real estate regulations.”

Jointly organised with JLL and supported by Masdar City, the half day forum runs on the opening day and will provide delegates exclusive access to the JLL’s 2016 first quarter Abu Dhabi Real Estate Overview report.

Visitors will have the opportunity to learn about and invest in a socially responsible project, promoted by Emirates Red Crescent (ERC), a volunteer organisation focusing on humanitarian work in countries affected by conflict and poverty.

ERC will showcase its brand new community project called ‘Emirates City’ in Socotra Island, Yemen, including low-cost homes, hospitals, mosques and schools in the hopes of attracting potential investors who wish to contribute to their cause of helping thousands of homeless people in their strife-torn country.

Eagle Hills has announced that it will run a new Instagram competition giving visitors the chance to win an exclusive trip to Jordan, Morocco, or Belgrade. “We will be offering visitors to our stand the chance to win a free three day trip for two people to one of our destinations and a number of gifts through an interactive social media competition,” said Low Ping, CEO at Eagle Hills.

The contest will run during Cityscape Abu Dhabi opening hours, closing at 3:30pm on April 14.

A number of major developers in the UAE are present at the event this year, with market leaders including Aldar Properties, Al Qudra, Bloom Properties, Eshraq Properties, Masdar City, Manazel, Mubadala Real Estate and Infrastructure, Reem Developers, Tamouh, Tourism and Development Investment Company (TDIC) and Wahat Al Zaweya , showcasing their latest portfolio to regional and international investors.-TradeArabia News Service

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