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A large number of visitors flocked to the Abu Dhabi National Exhibition Centre during the first two days of the show, which has attracted more than 100 companies from the UAE and 10 other countries from the
Comparing it with two recently held realty shows, Hasan Kazmi, a visitng real estate investor said: “The Cityscape in
No new project was announced on the first day of the show by any of the developers participating in the three day-event, as has been expected keeping in view the slowing economy and tough conditions being introduced by financing institutions.
According to John Wigham, an environmental expert with Cracknell architects and consultants, the investor response is not overwhelming. He recalled that the Cityscape Abu Dhabi in May last year when thousands of investors scouted opportunities to book properties.
Wigham said it does not mean the opportunities to invest in
Gurjit Singh, chief development officer at Sorouh Real Estate, said this event will help him analyse what is the market appetite and what products he must design for the future.
He said that since it is the first show after Cityscape 2008
“As an exhibitor, we are participating with tempered and open expectations… we want to inform our investors about the pace of projects they have invested in and know what they have to say,” Singh said.
According to Antoine Georges, Director of Dome Exhibitions, the show’s organiser, the strong presence of major property developers gives a strong push to the event and attracts many people wishing to get acquainted with the latest real estate developments or those who want to invest in this sector.
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