Cityscape Abu Dhabi records 26 per cent increase in visitors five weeks ahead of big opening

ABU DHABI: A significant increase in pre-registered visitor numbers at Cityscape Abu Dhabi 2014 some five weeks ahead of the show’s grand opening has underscored the positive sentiment that now pervades the UAE capital’s property market.

Figures from Informa Exhibitions, organisers of the three-day event, confirm that pre-registered visitors for Abu Dhabi’s most prominent real estate showcase are 26 per cent up versus the same time last year, signifying the largest number since 2010.

Taking place from 22-24 April at the Abu Dhabi National Exhibition Centre (ADNEC), Cityscape Abu Dhabi is in its 8th edition, hosting more than 120 exhibitors from countries far and wide, including Egypt, Turkey, Oman, Kuwait, India, Russia, UK, USA and Qatar.

Showcasing their latest developments and property launches, they will be eager to network with thousands of institutional investors, government authorities, architects, and senior-level professionals involved in real estate developments across the Middle East.

With sales of residential properties across Abu Dhabi increasing by an average of 25 per cent in 2013, Informa Exhibitions also said that 16 per cent of pre-registered visitors at Cityscape Abu Dhabi are looking for residential property investment opportunities, up 20 per cent year-on-year.

A further eight per cent are looking to buy their own home, an increase of 24 per cent from 2013, reflecting a more long-term outlook where end-users are increasingly coming into the market.

“For the first time since 2009, Cityscape Abu Dhabi is growing again,” said Wouter Molman, Director of Cityscape Group at Informa Exhibitions. “The year-on-year growth in pre-registered visitors so far at the show is a strong indicator of how the Abu Dhabi real estate market has been performing over the last 12 months.

The half-day conference will put a spotlight on Abu Dhabi’s latest project development updates from the emirate’s largest developers, while a dedicated panel discussion with industry experts will outline the way forward for the emirate’s property market

SOURCE: WAM