“Cityscape Abu Dhabi is a great platform for developers to learn from and understand each other. The event provides a live market intelligence snapshot of the industry and, in my opinion, that it is the most noble element of what Cityscape offers to developers and consumers: transparency and confidence in the market,” said Walid El-Hindi, CEO of IMKAN, which is using Cityscape Abu Dhabi to showcase five developments in three countries that are due to be delivered in 2019.
As developers leverage Cityscape Abu Dhabi to reach the widest range of local and foreign investors, Muhammad Binghatti, CEO of Binghatti Developers, added: “Cityscape Abu Dhabi is the platform to meet leaders in the industry and customers from different segments. Our strategy is to attract high-net-worth-individuals looking for very investible products and Cityscape Abu Dhabi is where we target and close big deals with cash-rich investors.”
While Abu Dhabi’s mega investors represent natural targets for developers, Azizi Developments’ CEO Farhad Azizi revealed lower-priced units aimed at expatriates and UAE nationals figure prominently in the company-wide portfolio on view at Cityscape Abu Dhabi.
The votes of confidence in Cityscape Abu Dhabi come only days after investment management firm JLL released a new research report which described Abu Dhabi’s real estate market as “subdued” in Q1 of 2019.
“It’s a challenging environment but we are seeing a marked uptick in optimism following the widespread economic stimulus moves from the Government. The positive news is that Cityscape Abu Dhabi is putting this rising sentiment to the test and the industry – from developer to end-user – are responding,” said Chris Speller, Cityscape Group Director.