It kicks off today at the Dubai World Trade Centre
Cityscape Dubai attracts exhibitors from 15 countries
Cityscape takes place in the Dubai World Trade Centre.
(Image from a previous session).
Photography: Eric Arazas
Today, the "Cityscape" exhibition, the largest event in the real estate sector in Dubai, which is held in the "Dubai World Trade Center" and continues until November 23, begins today, at a time when the local real estate sector in the emirate is recording a strong performance supported by billion deals and sales. As an important source of foreign direct investment in the world.
The exhibition is likely to attract large numbers in terms of the number of visitors of all kinds, as buyers, investors or owners from all over the world.
Exhibitors from 15 countries are seeking to attract real estate investments, especially with the continuous growth of Dubai's presence as a center for high-net-worth individuals and an international market.
Emirati companies account for 40% of the total area of the exhibition and 60% for foreign companies.
And the real estate market in Dubai recorded, from the beginning of this year until the date of the launch of the “Cityscape” exhibition, sales that exceeded the barrier of 230 billion dirhams, resulting in 84.6 thousand transactions that include the sale of 61.14 thousand real estate units, 8546 buildings, and 14.94 thousand plots of land, and this is A record and historical record, which the sector has not known since the activation of the freehold law in the emirate's local market.
Turkey, Pakistan and Azerbaijan are participating for the first time.
Competition for inward investment will be fierce, as many foreign bidders, including the UK and Greece, seek to attract buyers.
Early registration shows huge demand for tickets from potential buyers from India, UK, Russia, China, Ukraine, Turkey, Canada, Pakistan, Italy, Spain, Saudi Arabia, Qatar and Germany.
For its part, W Capital Real Estate Brokerage Company identified seven benefits of Cityscape Dubai 2022, as it highlights the latest projects ready and under construction in the emirate, which allows all visitors to the exhibition to buy homes there.
The real estate expert, Chairman of the Board of Directors of the "W Capital" real estate brokerage company, Walid Al Zarouni, said that the organization of the global exhibition comes at a crucial time for real estate investment around the world, amid unprecedented economic challenges in terms of high levels of interest and increasing inflation rates.
Al Zarouni stated that the exhibition is considered a forum for acquaintance that brings together parties to the real estate sector, whether they are regulatory bodies, government institutions, private sector companies operating and developers working in this field, in addition to being a real opportunity to present and offer real estate investment opportunities that keep pace with the changes that occur in the real estate market at the local and global levels. Finding alternative solutions, as well as knowing the market situation, measuring the volume of demand against supply, and determining the most appropriate time to launch new projects.
He pointed out that the exhibition is a good platform for exchanging experiences between the players in the market, keeping abreast of the latest real estate trends and monitoring changes to maintain the lead, and the possibility of presenting and exchanging ideas with various segments of the real estate community, in addition to learning about the latest technologies in construction and measuring the market response to these technologies.
He stressed that the exhibition focuses on Dubai as a home for real estate wealth and contributes to attracting foreign investments to the sector and acquiring new partners, in addition to helping to explore challenges and participate in solving them.
Emirati companies account for 40% of the total area of the exhibition and 60% for foreign companies.
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