HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, made an appearance at Cityscape Global yesterday, 12 September.
Accompanied by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, Sheikh Mohammed toured the exhibition area and was briefed on the different real estate developments that are on showcase at the three-day event.
The 16th edition of Cityscape Global, which opened on 11 September at the Dubai International Convention and Exhibition Centre (DICEC), boasts up to 300 exhibitors, including UAE-headquartered companies like Nakheel, Deyaar, Damac Properties, Dubai Properties, Dubai South, Bloom Holding, Majid Al Futtaim, Jumeirah Golf Estates, Union Properties, and Azizi.
Tom Rhodes, Cityscape’s exhibition director, told Construction Week that the show has also welcomed new exhibitors like UAE’s Arada, Aldar, and Imkan, as well as companies from Bahrain, Pakistan, the UK, Georgia, China, and South Korea.
“We’re always honoured to have the big developers from the UAE, but on top of that, we’ve been able to increase our international exposure,” said Rhodes.
“[This year’s show] is a bit bigger than last year in terms of visitor number and in terms of the size of the exhibition,” he added, but clarified that the growth in numbers is “marginal”.
The total number of visitors to the event is expected to exceed 30,000 by its conclusion later today.
In addition to welcoming new exhibitors, the event is allowing on-site sales for UAE-based projects for the first time.
Remarking on this new element to the show, Rhodes said: “The main new thing this year is that developers are allowed to sell on-site.
“In the past, around 30% of our audience had either been homebuyers or investors, and 69% of those wanted to do business while they’re at the show.”
The change, Rhodes explained, is a reflection of the Real Estate Regulatory Authority’s (RERA’s) commitment to supporting and promoting projects in the country.
“The market’s clear, and investor confidence is up, so now has been the best time to bring in on-site sales. And it’s been welcomed by everybody,” Rhodes added.