DUBAI– His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority has today officially inaugurated the 13th edition of Cityscape Global.
Taking place until 23 September at the Dubai World Trade Centre, Cityscape Global is co-located with three dedicated and expert-led conferences, and an extravagant gala dinner awards ceremony at the world’s tallest hotel.
Supported by Dubai Land Department, Cityscape Global is the largest it has been for five years, covering 31,000sqm of exhibition space and hosting more than 280 exhibitors from 28 different countries.
Reinforcing the sustained investor confidence in the local market, all major UAE developers have a commanding presence at Cityscape Global this year, including Foundation Sponsors Emaar Properties, Damac, Nakheel and Dubai Properties, all taking center stage to showcase their latest developments to potential regional and international investors.
Ziad El Chaar, Managing Director, DAMAC Properties said: “Cityscape Global is one of the most important shows of the year, where key decision-makers from all over the world descend on Dubai to find out about the latest developments and trends in the market.
“DAMAC Properties always has a significant presence at the show and we are delighted to be showcasing our AKOYA by DAMAC and AKOYA Oxygen luxury master developments at the event.”
Lindsay Miller, Managing Director of Dubai Design District (d3), TECOM Investments, addressed delegates at the Future Citiesconference today about why business, not residents lie at the heart of successful city planning.
“Dubai is in such a great position right now because it has gone through an interesting cycle of announcing ambitions and developments that seemed incredible to the international community, but in fact have proven not only to be credible but commercially viable,” she said.
“This bigger picture achievement has certainly been accomplished by different players committing to delivering on their part. For TECOM Investments, our part has always been to foster the Emirate’s creative communities through hard and soft infrastructure, with successful projects such as Dubai Media City, Dubai Film & TV Commission, Dubai Internet City and Dubai Knowledge Village.
“d3 is the logical next step as part of our ongoing commitment to developing thriving creative communities. It is our role to look at the full lifestyle requirements of those working within design, going beyond the standard nine to five requirements, and integrating relevant residential and leisure components.
“By doing this, d3 will play its part in underpinning Dubai’s wider ambitions, by creating a knowledge-based hub for the creative community helping to further diversify the Emirate’s economy and grow the pool of local talent. Our master plan has also been designed to ensure that it is aligned with the leadership’s drive to make Dubai a Smart City, and as such we have been selected as the initiative’s greenfield pilot development.”
Running alongside Future Cities is the Global Real Estate Summit and the Real Estate Brokers Summit; the three conferences are collectively bringing together more than 1,000 senior real estate professionals from around the world.
Now in its 13th year, Cityscape Global continues to be the annual meeting point for real estate investors, developers, regional and city investment promotion authorities, architects, designers and other real estate professionals currently driving real estate growth and development across global emerging markets.
Wouter Molman, Director of Cityscape Group said: “The general outlook for Dubai’s real estate remains positive across all real estate sectors, supported by a strong economic outlook with a projected GDP growth of over 5 per cent annually until 2020, and Dubai visitor numbers growing steadily to an expected 20 million tourists by 2020.
“This has been further highlighted in the build-up to this year’s highly anticipated Cityscape Global, which so far has proved to be one of the most successful editions yet.
“Having grown by 25 per cent from last year, we will welcome more than 35,000 participants over the next three days as exhibitors, visitors, and delegates look to foster tighter business relationships and stay tuned to the latest trends of the global real estate market.”