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Cityscape Abu Dhabi 2014 to host 120+ exhibitors

This year marks the eighth edition of Cityscape Abu Dhabi

NEWS, Business, Abu dhabi, ADNEC, Cityscape abu dhabi, Jones lang lasalle, Real estate development

More than 120 new and returning exhibitors will be seen at this year’s instalment of Cityscape Abu Dhabi, which will be held from 22-24 April at the Abu Dhabi National Exhibition Centre (ADNEC).

Tamouh, Baniyas, Masdar, Farglory, Flash Properties and Ejadah Asset Management Group are a few of the exhibitors that can be seen at this three-day event. Major developers from Turkey, Egypt, USA, Russia, Oman and the UK will also make an appearance.

Billy Daly, CEO, Ejadah Asset Management Group, said: “The demand for real estate and community solutions has been steadily increasing in Abu Dhabi, and as a leading provider with a strong track record in Dubai, we aim to meet the rising demand in the UAE capital for high-quality, world-class services.”

“Abu Dhabi offers Ejadah excellent business growth opportunities as new projects and communities continue to be developed and completed, while Cityscape Abu Dhabi provides us with the ideal platform to access key industry stakeholders and exhibit our renowned capabilities in this rapidly expanding Emirate,” Daly said.

A report on the Abu Dhabi real estate market by global property experts Jones Lang LaSalle (JLL) has predicted 22,000 new residential units to be delivered to the emirate this year.

According to JLL's Q4 2013 Abu Dhabi Real Estate Overview report, this influx of new units, which is a 10% increase from last year's figures, will bring the total number of residential units in Abu Dhabi to 240,000.

Delivery of office and retail space is also expected to grow by 16% and 20% respectively in the rest of the year, the report adds.

Wouter Molman, director of Cityscape Group at Informa Exhibitions, the organisers of Cityscape Abu Dhabi, said: “The outlook for Abu Dhabi’s real estate sector is certainly positive as more jobs and strong economic performance contributes to growing investor confidence, while the general market sentiment across the whole of the UAE has improved since Dubai’s successful World Expo 2020 bid.”

“Cityscape Abu Dhabi also continues to grow at a steady rate, and it’s pleasing to see so many new exhibitors taking part this year, while those that have returned after one or two years away indicates an upbeat long-term future,” Molmon added.

This year’s event will mark the eight edition of Cityscape Abu Dhabi.

 

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