Tue 18-07-2017 00:01 AM

Developers with UAE-based projects to sell onsite at Cityscape Global for first time

DUBAI, 17th July, 2017 (WAM) -- Cityscape Global will help developers with UAE-based projects to sell onsite to homebuyers and investors for the first time, in what is expected to be a turning point for potential buyers looking to make purchases at the three-day exhibition.

Cityscape Global, which will be held from 11th to 13th September at the Dubai World Trade Centre, will feature some of the foremost developers from the region and the world, who will showcase a range of ground-breaking real estate projects.

For the first time, the 16th edition of the event will enable visitors interested in investing in the UAE to make purchases at the show. Developers with projects based in the UAE will be permitted to make sales on the show floor, in accordance with the rules and regulations of the local land departments and municipalities in the emirate in which the property is located.

"This is a great opportunity for developers to increase their ROI (return on investment) onsite, and for visitors to capitalise on attractive price options, making informed purchasing decisions directly on the show floor," said Tom Rhodes, Exhibition Director, Cityscape Global.

"Over the past few years, authorities such as the Dubai Land Department have worked tirelessly to increase investor transparency in the market and their efforts have proved successful. This has enabled Cityscape to foster closer ties with regulatory bodies, such as RERA, to ensure that only registered projects are showcased and sold at the exhibition."

Dubai remains the most transparent real estate market in the Middle East and North Africa region, recording an improvement in JLL’s Global Real Estate Transparency Index for 2016.

According to the property consultant, the Dubai Government and the Dubai Land Department have been ticking all the boxes when it comes to opportunities for potential investors through efforts to improve transparency.

 

WAM/Hazem Hussein/Muzamil Bashir