Six GCC developers to check out at Cityscape Global 2017
The following developers have confirmed that they will be showcasing their projects at Cityscape Global 2017, which is set to open today at Dubai World Trade Centre
The 16th edition of Cityscape Global, running until Wednesday, 13 September, is set to open today at Dubai World Trade Centre.
Informa, the organiser of the event, said that Cityscape Global 2017 is expected to welcome 30,000-plus visitors during its three-day run, and will feature around 300 exhibitors.
Numerous developers have confirmed that they will be showcasing their projects at the event.
The following pages outline what six key developers from the Gulf will be offering at the show.
The Abu Dhabi-based developer recently launched Water’s Edge, a new waterfront master-planned development on Yas Island. Valued at $653.4m (AED2.4bn), the residential project will comprise 13 apartment buildings.
Those interested in Water’s Edge will have the opportunity to view the project's master plan and floorplans, as well as purchase units at Cityscape, according to Aldar.
Al Mazaya Holding
The company has announced that it will promote Phase III of Q-Point, its largest development in Dubai.
According to Al Mazaya, up to 95% of the project’s residential units have been sold and that construction work on the project’s 3,131 apartments has been completed.
Al Mazaya also revealed that Phase II of its Q-Line project in Dubailand will be on sale at the event. Currently under construction, the two-building project is expected to be completed in Q1 2018.
The developer will also be showcasing its new project, Q-Zone, for which the designs have been completed and the main contractor selected. The project, which consists of 505 apartments, is expected to be completed in 2019.
Azizi Developments has announced that it will reveal Phase 2 of its $3.3bn (AED12bn) waterfront project, Azizi Riviera, at Cityscape this year, along with an offer of 8% net rental guaranteed return for three years for buyers.
Valued at $817m (AED3bn), Phase II comprises 17 buildings, with more than 4,000 units sprawled across Meydan One.
Azizi Developments will also be showcasing a number of its other projects at the event, including Farhad Azizi Residences in Dubai Healthcare City, Azizi Mina serviced apartments on the Palm Jumeirah, and residential developments at Al Furjan. The total value of all projects that will be showcased is approximately $5.4bn (AED20bn).
Last month, Damac announced that it is collaborating with Italy’s Roberto Cavalli Group to launch the world’s first villas to feature Cavalli-branded interiors.
Visitors to the company’s stand at Cityscape will have a chance to enter a draw and win a Just Cavalli villa by purchasing from any of Damac’s portfolio of villas and apartments. Damac said that it will also be offering new Mercedes Benz cars with purchase of select villas, as well as guaranteed 30% rental returns over three years on select properties.
Dubai Properties will be exhibiting at the event, alongside other Dubai Holding companies like Dubai Design District (d3).
According to the company, it will highlight a line-up of expanded lifestyle destinations within the Business Bay master plan, including the new Marasi water homes, as well as concept models of the Cultural Village expansion.
Dubai Properties said that it is also planning to reveal two new residential projects. One will be the first of the four Marasi towers located at the Dubai Water Canal, while the other will be a new phase of Villanova, as part of its next development within Dubailand.
During and around Cityscape, the developer said that it will be offering on-stand sales of a select inventory, including 1/JBR (pictured), Bellevue Tower, Mudon, and Serena. Visitors will also have the chance to take advantage of special payment plans for all residential units and an exclusive 2% DLD discount for all on-stand sales.
Jumeirah Golf Estates
Jumeirah Golf Estates (JGE) has announced that it will offer 1% monthly instalments during construction for its Alandalus apartments.
In a statement, the developer said that the payment scheme is being reintroduced after it was met positively when it was first launched during Ramadan.
JGE further noted that homeowners and investors of any nationality can benefit from a payment plan of 5% upon booking. The final balance of 70% will be due upon handover in Q3 2019. Moreover, UAE nationals can avail a 2% reduction on DLD fees on property purchases.