The market witnessed sales of 6.8 billion dirhams during the real estate exhibition period

Realtors: "Cityscape" exceeded expectations, and its establishment at the "Expo" introduced opportunities closely

  • During the "Cityscape", the market witnessed the sale of 2,269 properties.

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Realtors confirmed to "Emirates Today" that the "Cityscape Global 2021" exhibition, which concluded its work in Dubai recently, has achieved success that exceeded expectations, pointing out that holding the exhibition on the land of "Expo 2020 Dubai" provided an opportunity for visitors and participants, to learn about projects and opportunities. investment provided by the sector.

Real estate sales during the exhibition period recorded 6.8 billion dirhams, as the market witnessed the sale of 2,269 properties.

investment opportunities

The Chairman of the Board of Directors of the "Arabian Gulf Investment Company", Khalifa Saif Al Muhairbi, said that the organization of the activities of the "Cityscape Global 2021" exhibition, at the "Dubai Exhibition Center" on the land of the "Expo 2020 Dubai" site, gained great importance by introducing real estate developers to their projects. In this international event, it provided an opportunity for visitors and participants in the exhibition to get acquainted with the projects, the investment opportunities it offers, and the financing and payment methods that were presented.

He stressed that real estate development companies succeeded in achieving outstanding performance during the first 10 months of this year, and recorded a growth in profits.

exceed expectations

For his part, the Commercial Director of the Select Group, George Al-Hashem, said: "The success of (Cityscape) has exceeded our expectations, especially given the diversity of buyers among the residents of the UAE and foreign investors."

He continued, "At the general level, the group was able to sell more than 80% of the units of the Peninsula 1 project within one month from the date of its launch last October, which confirms the continuation of the upward curve of the real estate sector."

positive sign

In the same context, Mohammed Al-Awadi of the Dubai South Real Estate Company said that the level of sales achieved a five-fold growth during the elapsed period of 2021 compared to the same period in 2020, in an indication of the exit from the repercussions of "Corona".

market position

In addition, real estate consultant Mohammed Al-Hafiti said that the presence of "Cityscape" on the land of "Expo 2020 Dubai" enhances the position of the real estate market and the continuity of positive results for the current year, as the presence of the event there helped introduce the participating delegations to the urban renaissance in Dubai.

He stressed that these exhibitions will help shape the sector in the coming years.

He added, "The beauty of the presence of such exhibitions as well, is the return to life of activities, and the positive atmosphere prevailing among investors and residents in the emirate, which reflects confidence in the leadership and the future of Dubai, which is a pioneer in overcoming difficulties."

He believed that "Cityscape" contributed to discussing the current market changes, the post-"Covid-19" stage, and how Dubai succeeded in benefiting from the pandemic, by providing opportunities for real estate investors from around the world.

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