Talk from the top
Throughout the two days of Cityscape Abu Dhabi Talks, session focused on a whole gamut of industry issues such as digitisation of real estate sales and marketing, redefining the customer experience in the real estate landscape, how to solve real estate disputes form all sides, and why investors should look at industrial real estate.
The final day of Cityscape Abu Dhabi 2019 also gave government officials and key developers a platform to delve deeper into the announcement, made on day two of the show, that allows foreign owners to take freehold of their properties, both residential and industrial, in the capital’s investment zones such as Alreeman, near Abu Dhabi Airport.
Addressing a media briefing on the law change, Talal Al Dhiyebi, chief executive officer, Aldar Properties, developer of Alreeman, said the new rule would likely increase investor return on investment (ROI), which is already higher than most international cities, by a further 8 per cent.
His Excellency Falah Mohammed Al Ahbabi, Head of the Department of Urban Planning and Municipalities, Abu Dhabi, said the change in the law was a “quick response” by the government to meet demand from the private sector, adding that it would increase market confidence and result in more transparency and flexibility.
Cityscape Abu Dhabi 2019 welcomed 80 local and international real estate developers exhibiting dozens of new-to-market projects, with the Cityscape Abu Dhabi Conference, sponsored by ADCP, Platinum Plus Conference Sponsor, Provis, Platinum Conference Sponsor, Eltizam, and LWK+Partners Gold Conference Sponsor, provided a full-day of in-depth insight and lively discussions, led by a high-profile line-up of speakers. The Cityscape Abu Dhabi Talks, sponsored by ADCP and Provis, hosted more than 20 interactive sessions on the latest trends and hot topics in the industry.