REAL ESTATE DEVELOPERS SET TO SELL PRIME PROPERTY PROJECTS AT CITYSCAPE ABU DHABI
Investors offered range of new choices from regional and international developers at the capital’s largest real estate show
Abu Dhabi, UAE, March, 2016: A host of regional and international property developers are preparing to sell prime residential, retail, hospitality, mixed use and commercial units at Cityscape Abu Dhabi.
Hosted 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, the event will offer real estate investors from around the world the opportunity to interact with developers featuring numerous new property launches as well as updates on existing developments in Abu Dhabi and beyond, directly on the show floor.
One of the highlights of the 10th edition of Cityscape Abu Dhabi, 12-14 April at the Abu Dhabi National Exhibition Centre, will be the opportunity for investors to buy into the vision for Al Maryah Island, a rapidly advancing 114-hectare premier business and lifestyle destination in Abu Dhabi.
“We’re continuing to drive forward with the full development of the first phase of Al Maryah Island,” said Ali Eid AlMheiri, Executive Director of Mubadala Real Estate and Infrastructure.
“A number of key assets are set for delivery in the coming months and years, including the opening of the Four Seasons Hotel and Residences Abu Dhabi in May 2016, expansion of the waterfront promenade by Q3 2016, and the opening of Al Maryah Central retail development expected in 2018. These will add to the vibrant mixed-use development and we are confident that this will attract further investors and developers to continue bringing Al Maryah Island to life. ”
Meanwhile, Bloom Properties is expecting to receive a flock of visitors to learn more about their distinctive housing opportunities in both Abu Dhabi and Dubai.
Sameh Muhtadi, CEO of Bloom Holdings, said: “On the supply side, the new units coming on to the Abu Dhabi market have failed to keep pace with the existing demand because of the low availability of quality units.
“We seek to leverage this opportunity by developing a number of mixed-use projects in prime locations including Park View development on Saadiyat and on the Eastern Corniche in Abu Dhabi, and Stella Maris Tower in Dubai Marina.”
Investors looking for unique luxury investment opportunities beyond Abu Dhabi will have a chance to discover more about The Heart of Europe, the extraordinary island resort showcased by Kleindienst.
“The Heart of Europe includes hotel suites, The Floating Seahorse, Germany Villas and Sweden Villas furnished by Bentley Home,” said Josef Kleindienst, Chairman of Kleindienst and The Heart of Europe.
“The island is located 4km off the coast of Dubai and the investment opportunities we offer guarantee 8% ROI for up to ten years. During Cityscape Abu Dhabi, interested investors will be able to arrange a visit to the world’s first Floating Seahorse.”
In addition to regional projects, buyers will be able to inquire about international developments, such as the Didube Tower properties showcased by United International Group. The tower, located in the heart of the Georgian capital Tbilisi, will grant potential investors not only a capital asset, but also a Georgian Residency Permit with the approval from the Georgian government.
Ammar Hussain, Owner, Golden Season Property Management representing United International Group, said: “Cityscape has been widely regarded as the key barometer for the region’s property sector, and since it’s a main platform gathering investors and developers we look forward to liaising with potential investors and develop our relationships with local buyers.”
Visitors will also have a chance to explore a new mobile app, JustProperty, developed for iOS and Android users, which lists more than 90,000 properties for rent and sale. Created by JustProperty.com, the Official Property Portal Partner for Cityscape Abu Dhabi, the app features unique options including push notifications of new projects as well as previous searches and a contacts interactions history.
All exhibitors who wish to sell properties during the event have to complete a rigid approval process administered by Abu Dhabi Urban Planning Council (UPC). The procedure requires submission of a property masterplan to UPC’s Urban Development and Estidama (UDE) department which audits and inspects each project before accrediting it for sale.
Cityscape Abu Dhabi has established itself as the UAE capital’s largest and most influential property investment and development event over the past 10 years. With the hundreds of developments from Abu Dhabi and overseas being showcased, the event brings together investors, developers, government officials and real estate professionals.
Cityscape Abu Dhabi is supported by Strategic Partner Department of Municipal Affairs (DMA), Platinum Sponsor Wahat Al Zaweya, Gold Sponsor Eshraq Properties and Silver Sponsor Masdar City. Cityscape Abu Dhabi is hosted alongside the BRIDE Abu Dhabi show. For more information, visit www.cityscapeabudhabi.com or call +9714 336 5161.
Caption: Investors will be able to purchase real estate units on the show floor of Cityscape Abu Dhabi, 12-14 April, ADNEC.