Dubai Land Department confirms return of on-site sales at Cityscape Global 2018

Real Estate

Dubai Land Department confirms return of on-site sales at Cityscape Global 2018

The Dubai Land Department has verified that real estate developers participating at Cityscape Global 2018, the biggest real estate event in the region, will be enabled to sell their UAE-based jobs on the exhibit floor following the unprecedented success of the 2017 edition.

The choice was made after AED870 million worth of on-site deals was recorded throughout the 3 days of Cityscape Global in 2015, where sales were permitted for the very first time in the event's history.

In a post-show report compiled by Informa, organisers of Cityscape Global, some 67 percent of the 37,821 visitors that attended the event expressed a passion in purchasing or working with an organisation they satisfied at the event throughout the following YEAR.

Strongly established as the leading platform real estate investment, both regionally and globally, Cityscape Global is where the marketplace satisfies to network and maintain upgraded on current trends, whilst financiers and end-users could take advantage of the wide range of financial investment opportunities and advice, under one roofing system.

Tom Rhodes, Exhibition Director at Cityscape Global said: "Permitting on-site transactions was a significant turning point in the history of Cityscape Global and it enabled us to boost the experience of all individuals whether they are property developers, home buyers, investors, or agents.

" We are honoured by the continuous support of government entities such as the Dubai Land Department, the Real Estate Regulatory Authority (RERA) and the UAE Districts which we are able to supply unique and value-adding services to Cityscape Global participants.

" Through the implementation of new regulations in the realty market Dubai has become one of one of the most clear places to invest internationally. These guidelines are critical to the advancement of the marketplace in the UAE for both local and global capitalists and illustrates the government's commitment to a reasonable and clear home market."

Several exhibitors reported a successful 2017 at Cityscape Global: Azizi Developments marketed out their stage one systems for the AED12 billion waterside project, Azizi Riviera; a confidential customer of one Omniyat's One Palm systems climaxed for the most costly penthouse, with a final rate of AED102 million; and Aldar's 'Water's Edge' project generated $109m (AED400m) in sales of the first phase.

The show witnessed a host of new project launches and masterplan unveilings from major designers such as Nakheel's AED4 billion worth of advancements; Union Properties' AED8 billion masterplan for MotorCity; and Deyaar's AED1 billion South Bay in Business Bay, and the 2018 occasion is expected to be home to a series of significant new launches, news and project updates.

Regional developers are currently getting ready for their involvement in the UAE capital's leading residential or commercial property event Cityscape Abu Dhabi, occurring from 17-19 April 2018 at the Abu Dhabi National Exhibit Facility (ADNEC). On-site purchases will be permitted in Abu Dhabi for the fourth consecutive edition.

Cityscape Abu Dhabi returns with support from Platinum Sponsor Azizi Dope and Gold Sponsor ARADA, while Cityscape Global will run from 2-- 4 October 2018 at the Dubai World Trade Centre, with more than 250 exhibitors from 100 nations, providing one of the most noticeable platform genuine estate designers, professionals and capitalists making sales, network, exchange competence, and do valuable business.

To learn more about Cityscape Global check out: www.cityscapeglobal.com and for Cityscape Abu Dhabi see www.cityscapeabudhabi.com.

Caption: The Dubai Land Division has confirmed that Cityscape Global will allow onsite sales for the second time in a row at the DWTC, from 2-8 October 2018.