Developers set to sell prime properties at Abu Dhabi event

Business Sunday 13/March/2016 18:21 PM
By: Times News Service
Developers set to sell prime properties at Abu Dhabi event

Muscat: A host of regional and international property developers are preparing to sell prime residential, retail, hospitality, mixed use and commercial units at Cityscape Abu Dhabi.
The event will offer real estate investors from around the world the opportunity to interact with developers featuring numerous new property launches as well as updates on existing developments in Abu Dhabi and beyond, directly on the show floor.
One of the highlights of the tenth edition of Cityscape Abu Dhabi to be held between April 12 and 14 at the Abu Dhabi National Exhibition Centre will be the opportunity for investors to buy into the vision for Al Maryah Island, a rapidly advancing 114-hectare premier business and lifestyle destination in Abu Dhabi.
“We’re continuing to drive forward with the full development of the first phase of Al Maryah Island,” said Ali Eid Al Mheiri, executive director of Mubadala Real Estate and Infrastructure.
“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. 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, Bloom Properties is expecting to receive a flock of visitors to learn more about their distinctive housing opportunities in both Abu Dhabi and Dubai.
“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,” Sameh Muhtadi, chief executive officer of Bloom Holdings, said.
“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,” he added.
Investors looking for unique luxury investment opportunities beyond Abu Dhabi will have a chance to discover more about The Heart of Europe, the extraordinary island resort showcased by Kleindienst. “The Heart of Europe includes hotel suites, The Floating Seahorse, Germany Villas and Sweden Villas furnished by Bentley Home,” said Josef Kleindienst, chairman of Kleindienst and The Heart of Europe.
“The island is located 4km off the coast of Dubai and the investment opportunities we offer guarantee 8 per cent rate of return for up to ten years. During Cityscape Abu Dhabi, interested investors will be able to arrange a visit to the world’s first Floating Seahorse.”
In addition to regional projects, buyers will be able to inquire about international developments, such as the Didube Tower properties showcased by United International. The tower, located in the heart of the Georgian capital Tbilisi, will grant potential investors not only a capital asset, but also a Georgian residency permit with the approval from the Georgian government.
Ammar Hussain, owner, Golden Season Property Management representing United International, said: “Cityscape has been widely regarded as the key barometer for the region’s property sector, and since it’s a main platform gathering investors and developers we look forward to liaising with potential investors and develop our relationships with local buyers.”
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. Created by, the official property portal partner for Cityscape Abu Dhabi, the app features unique options including push notifications of new projects as well as previous searches and a contacts interactions history.