City Scape Abu Dhabi Breaks Attendance Records

Abu Dhabi’s premier real estate investment & development showcase, “CityScape Abu Dhabi,” smashed previous attendance records today, with an estimated 120 per cent increase over the previous record.

HH Sheikh Mohammed bin Zayed Al Nayhan Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces opened the exhibition at the Abu Dhabi National Exhibition Centre. The show was sold out some months ago, with over three hundred confirmed exhibitors covering more than thirty thousand square meters of exhibition space.

The luxury property market in the Gulf shows no signs of slowing down. Roads to the centre were initially clogged from early morning and massive queues surprised even the organizers IIR Middle East.

“We have been overwhelmed by the response on the first day of the exhibition. We’ve actually had to deploy extra staff, such was the demand and we didn’t want people waiting around. To anyone who was, I offer our apologies for the inconvenience,” said Mark Goodchild, the Project Manager.

Goodchild estimates attendance could easily reach more than 30,000 visitors, double the numbers recorded last year. This based on the first morning’s attendance.

“A lot of people have been talking about the global credit crunch and the impact on property markets, but judging by today there is still a massive interest in the Gulf and Middle East,” added Goodchild. “Liquidity is alive and well, certainly here in the Capital and so are the investment opportunities.”

Sheikh Mohammed has agreed to be patron of Cityscape Abu Dhabi for a second successive year, to underscore the importance of the event as a showcase for the capital’s intricate planning, sustainable projects and investment transparency

The Abu Dhabi government and locally-based real estate heavyweights have also shown full support for the industry showcase. Major local developers such as Mubadala, Sorouh Real Estate, ALDAR Properties and Al Qudra Real Estate will all have a significant presence.

Two parallel conferences will run alongside on sustainable development and real estate finance and investment. The green theme continues at the Cityscape Abu Dhabi awards dinner at the Emirates Palace in Abu Dhabi on 13 May which will recognize excellence in real estate investment and development, including Islamic finance and sustainability awards.

Platinum sponsors of Cityscape Abu Dhabi include Mubadala, Aldar, Sorouh, Al Qudra, The Land Holding Company and Escan. Gold sponsors include Dubai World Central, Tameer and Saudi Oger, with Future Brand and East & West Properties taking silver status. The Department of Municipal Affairs of Abu Dhabi is associate sponsor, Urban Planning Council of Abu Dhabi is Strategic Planning Partner while HSBC is investment sponsor.

CityScape Abu Dhabi