Dubais most prominent and widely acclaimed real estate event, Cityscape Global, will now, for the very first time, permit the selling of UAE-based property to investors and homebuyers at its 16th edition.
The event could pave the way for numerous developers with UAE-based projects and Cityscape Global could facilitate the sale of these properties. Many of the foremost developers from the region and internationally will display a variety of projects.
While the event has always attracted a high-end crowd within real estate circles, the upcoming edition of the event is monumental in its decision to allow investors to make purchases. Last year, a Cityscape Global survey found that close to 30% of attendees were homebuyers and investors, while 68% of visitors confirmed they intended to make a purchase or conduct business with a company that they met during the exhibition.
In addition, a YouGov attitudinal survey conducted in partnership with Cityscape and commissioned ahead of Cityscape Global last year revealed that 42% of GCC and Egyptian investors see UAE as the most attractive country to invest in real estate.
Tom Rhodes, exhibition director, Cityscape Global, said: This is a great opportunity for developers to increase their ROI onsite, and for visitors to capitalise on attractive price options, making informed purchasing decisions directly on the show floor. Over the past few years, authorities such as the Dubai Land Department have worked tirelessly to increase investor transparency in the market and their efforts have proved successful. This has enabled Cityscape to foster closer ties with regulatory bodies, like RERA, to ensure that only registered projects are showcased and now sold at the exhibition.