Developer DAMAC hailed this year’s Cityscape Global as its most productive to date.
The company said its stand was packed throughout the three day event, attracting investors from all over the world.
Among the projects featured was the master development of AKOYA Oxygen, an environmental-based residential scheme.
The project in Dubailand was one of many which reaffirmed the global belief in the Dubai real estate market.
“The last three days has shown investors belief in Dubai’s fundamentals; this year’s Cityscape Global has been the busiest ever for DAMAC Properties,” said Ziad El Chaar, managing director.
“Dubai is set on a stable growth pattern and the response to AKOYA Oxygen and our full luxury portfolio is testament to that.”
DAMAC Properties had a number of announcements at the show- also revealing that The Trump Organisation will manage its 18-hole, championship-standard golf course in AKOYA Oxygen and that it has broken ground on a 1,250 key hotel in Business Bay, in collaboration with Paramount Hotels & Resorts – a project which will create the third largest hotel in Dubai.
Ismail Al Hammadi, real estate consultant said Cityscape represents a new turning point for the UAE and the overall Middle East real estate markets.
He said many international companies are moving to have offices in Dubai such as Crystal Lagoons Corporation.
Al Hammadi said the participation of Giant companies such as Dubai Holding was an indication that the real estate sector has launched a new phase in developing projects
He said: “I think everyone is eager to know the latest investment of Dubai Holding such as Dubai’s Mall of the World, which will be an integrated global tourist icon.
” I recall some comments of German press that talked about this project, stating that; with the launch of this project, Dubai itself come to be the ‘Mall of the World’, and this applies to the entire emirate.”