CityScape Global 2016 to attract over 40,000 visitors to Dubai

CityScape Global 2016 to attract over 40,000 visitors to Dubai

Investors, financial institutions and high-net-worth individuals are set to attend the world’s largest property exhibition in Dubai in September.

Summary:

  • Dubai World Trade Centre will host CityScape Global, where over 150 real estate firms will exhibit their property
  • Keynote speakers will highlight the positive outlook for Dubai’s property market, encouraging investors to purchase while the emirate is at the bottom of a cycle
  • Market maturation and Expo 2020 will lead to an increased interest in Dubai property and upwards pressure on prices

CityScape Global, the world’s largest networking exhibition and conference on property development, is coming to Dubai.

Held at the Dubai World Trade Centre, over 150 local, regional and international real estate firms are expected to exhibit their projects and services at the exhibition between 6th – 8th September.

The message sent by keynote speakers throughout the exhibition will be one of positivity, highlighting Dubai’s position as a world-class business and investment hub that will drive the real estate revival.

Craig Plumb, Head of Research at JLL MENA, said: “The Dubai residential market is currently close to the bottom of its current cycle. The market is now relatively stable, with little change in either rents and prices recorded in Q2 2016.

“We believe the Dubai residential market offers good long term growth opportunities and purchasing around the bottom of the cycle is always a good time to buy for those taking a long term view.”

Dubai has solidified its position as a Middle East investment magnet, and that will continue to strengthen as the market matures and more investment grade assets are built. Expo 2020 Dubai is expected to increase the rate of job creation, which will positively impact both sales and retail markets in the long term across the emirate.

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