Gulf Construction Online - Prime offerings at Cityscape Abu Dhabi

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Al Maryah Central ... a 3.1-million-sq-ft development.

Prime offerings at Cityscape Abu Dhabi

01 April 2016

Leading real estate developers from across the globe will be heading to the UAE capital this month to showcase their prime residential, retail, hospitality, mixed-use and commercial units at Cityscape Abu Dhabi.

The event is being hosted under the patronage of Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, from April 12 to 14 at the Abu Dhabi National Exhibition Centre (Adnec).

The 10th edition of the show will feature new property launches as well as updates on existing developments in Abu Dhabi and beyond, directly on the show floor, said the organisers.

A major highlight at Cityscape Abu Dhabi will be the opportunity for investors to buy into the vision for Al Maryah Island, a 114-hectare premier business and lifestyle destination in Abu Dhabi.

Ali Eid AlMheiri, the executive director of Mubadala Real Estate and Infrastructure, said work on the first phase of Al Maryah Island was in full swing.

“A number of key assets are set for delivery in the coming months and years, including the opening of the Four Seasons Hotel and Residences Abu Dhabi in May 2016, expansion of the waterfront promenade by the third quarter of 2016, and the opening of Al Maryah Central retail development expected in 2018,” he said. “These will add to the vibrant mixed-use development and we are confident that this will attract further investors and developers to continue bringing Al Maryah Island to life.”

Meanwhile, Abu Dhabi-based Bloom Properties is expecting to receive a flock of visitors to learn more about its housing opportunities both in the emirate and Dubai.

Sameh Muhtadi, the chief executive of Bloom Holdings, said: “On the supply side, the new units coming on to the Abu Dhabi market have failed to keep pace with the existing demand because of the low availability of quality units. We seek to leverage this opportunity by developing a number of mixed-use projects in prime locations including Park View development on Saadiyat and on the Eastern Corniche in Abu Dhabi, and Stella Maris Tower in Dubai Marina.”

Investors looking for unique luxury investment opportunities beyond Abu Dhabi will have a chance to discover more about The Heart of Europe, showcased by Kleindienst.

“The Heart of Europe includes hotel suites, The Floating Seahorse, Germany Villas and Sweden Villas furnished by Bentley Home,” explained Josef Kleindienst, the chairman of Kleindienst and The Heart of Europe.

“The island is located 4 km off the coast of Dubai and the investment opportunities we offer guarantee eight per cent ROI (return on investment) for up to 10 years. During Cityscape, investors will be able to arrange a visit to the world’s first Floating Seahorse,” he added.

In addition to regional projects, buyers will be able to inquire about international developments such as the Didube Tower properties showcased by United International Group. The tower, located in the heart of the Georgian capital Tbilisi, will grant potential investors not only a capital asset, but also a residency permit with the approval from the Georgian government.

Visitors will also have a chance to explore a new mobile app, JustProperty, developed for iOS and Android users, which lists more than 90,000 properties for rent and sale.