Dubai Land Department and Cityscape Global have held a real estate developer meeting to identify the results achieved at Cityscape. The meeting aimed to monitor the trends and needs of the real estate market, and innovative solutions that can be presented at upcoming editions.

The exhibition coincided with Dubai’s rise over the past two years, topping the list of the world's most attractive cities for real estate investors, and occupying advanced positions within the rankings of the various international consulting companies specialised in real estate investment, DLD said. DLD and Cityscape found that the number of off-plan real estate transactions after Cityscape increased by 39% with a 425% increase in value, and the total number of transactions increased by 86% with a 41% increase in value.

The investors' confidence in the country’s real estate market was consolidated by foreign investor interest and new entrepreneurial innovations, DLD said. The event, which took place at the Dubai World Trade Centre from 2nd – 4th October, saw 248 local and international exhibitors reveal the latest investment opportunities to visitors over 37,800 square metres of exhibition space.

HE Sultan Butti bin Mejren, Director General of DLD, said, “We are proud of the strategic partnership we have associated with Cityscape Global 2018 over the past few years that helped us achieve many of our corporate goals. Our platform was a destination for VIPs and a large number of visitors who expressed keen interest in finding out about our latest technology, especially the Dubai REST smart platform. DLD provides services through the real estate promotion and investment management sector to enhance the relation between the Government of Dubai, represented by DLD, and the private sector that includes developers, registration trustees, and Cityscape whom we thank for the success of the event. This cooperation — taking place for the first time after Cityscape Global — assess the desired results of the participation and takes into account the next edition of Cityscape Global.”

Bin Mejren added, “At DLD, our goal is to be the first real estate market in the world to offer optimal options for any investor in Dubai’s market. Today, we are trying our best to present innovative ideas that will ensure people’s satisfaction and enhance their confidence, made possible due to the strong relations with our partners and to our smart services that confirm the level of transparency in providing the necessary information around the clock.”

Dubai Land Department, developers, and Cityscape Global will foster greater industry collaboration to work towards the advancement of the real estate industry in the Emirate and to propel Dubai as a prime investment hub by highlighting the scope of real estate investment opportunities through the region’s largest property platform: Cityscape Global, DLD said in a statement.

Chris Speller, Cityscape Group Director, commented, “Adaptability has been hardwired into our DNA. Just like the UAE, we have evolved and learned to look ahead and find innovative solutions for a cross-section of investors and developers to map the course of investment, which is one of our core values.”

The latest figures reveal that over 34,000 visitors and over 40,000 participants attended the three-day exhibition, while close to 1,000 delegates and speakers attended the Cityscape Global Conference, held a day before the exhibition at the InterContinental Dubai Festival City.

Source: Dubai Land Department

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