Business

Investors and buyers are out completely full force at Cityscape Abu Dhabi this week, as exhibitors expose thousands of new home property launches, special promotion prices and payment plans for a host of local, regional and international property tasks across a range of price points.

Taking place until 20 April at Abu Dhabi National Exhibition Centre (ADNEC), Cityscape Abu Dhabi is 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.

Driving the sales on the show floor, Bloom Properties introduced their Dubai-based project Bloom Towers in Jumeirah Town Circle which has currently shown to be a success with mid-market purchasers on the opening day of the show.

Sameh Muhtadi, Chief Executive Officer for Blossom Properties claimed: "The reaction up until now for Blossom Towers has been amazing. We know that the mid-market segment is a key emphasis currently as the need is still strong. Historically, roughly 90% of our annual sales happen at Cityscape events and we are positive that with our 5% price cut, along with our new repayment schemes presented for the very first time in Abu Dhabi, this year will be another major success."

According to the UAE Vision 2021 National Program to raise green development across the region, the Abu Dhabi Urban Planning Council (UPC) disclosed the latest updates on the Zayed City project, among one of the most promising and biggest advancements in the UAE.

H.E. Falah Al Ahbabi, Director General of the UPC stated: "Throughout its ten-year background the UPC has actually participated in every Cityscape Abu Dhabi occasion to date and has benefitted a great deal from having such a remarkable platform to be able to introduce considerable milestones not simply for the organisation, but the entire emirate and every everyone within it.

" This year's event is added special as we are updating the community on the most enthusiastic project in the UAE now, Zayed City, which will extend an amazing 45sqkm location throughout Abu Dhabi as it becomes the new heart of the city."

Leading property developer Aldar likewise revealed plans to spend AED250 million into a brand-new public park on Reem Island, comprising retail, sports, food and dbeverage, and beach facilities which is set to be finished in 2018.

Various other main launch news included Abu Dhabi-based property programmer IMKAN, which introduced its very first project, Makers Area, an 18-hectare mixed-use growth on Reem Island.

Tempting investors and residence buyers to purchase a home at the three-day show, Azizi Dope are supplying home loan pre-approval bundles of AED3,325 each month, in addition to adaptable payment plan.

With an effective opening day for the funding's biggest property occasion, delegates and industry professionals collaborated at the half-day Cityscape Abu Dhabi Conference to address the obstacles presently encountering the market and take a look at the various techniques to expand the field.

With a heavy concentrate on tourism and complimentary zones, H.E. Khalifa Bin Salem Al Mansouri delivered a welcome speech, complied with by Omar Al Busaidy, Abu Dhabi Experience Advancement System Head, Tourism & Culture Authority Abu Dhabi, presenting a keynote speech on Destination Abu Dhabi. David Dudley, Head of Abu Dhabi Office, JLL likewise disclosed the property industry quarterly record.

Cityscape Talks drew the groups on the opening day, with site visitors making the most of the complimentary to go to presentations. Franke Wiesse, Director KSA, Drees & Sommer, required to the show floor to talk about Performance Renovation in Construction Projects.

He said: "Understanding how to improve the performance of construction projects is a warm topic right now, not only within this region but additionally worldwide. It is necessary for us to give an understanding right into the complexity of design and construction projects which create value and to clarify why solitary procedures are typically not really sufficient.

" Drees & Sommer combine the German management skills and engineering understand how with the understanding of the culture, attitude and demand of our clients in this region and the Cityscape Talks is an excellent way for me to obtain words out and answer any questions that site visitors, capitalists and programmers might have."

To find out more on Cityscape Abu Dhabi, check out www.cityscapeabudhabi.com or call +97143365161.

Inscriptions: The 11th version of Cityscape Abu Dhabi runs till the 20 April at Abu Dhabi National Event Centre.

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