Dubai
After the launches on the opening day, it was time to cash in as developers used the Cityscape platform to telling effect, with the Aldar and Azizi counters proving particularly busy. And Sharjah’s blockbuster of a development, the Dh24 billion Aljada, moved closer to selling off its first release of 500 units.
The 2 per cent discount on the launch prices would also done its bit in convincing buyers to head in the direction of Aljada, which is being developed by Arada, a Saudi-Sharjah joint venture.
And the halls were abuzz with talk that one of the developer stands was able to book sales of Dh400 million from its two days of efforts.
MAG Property Development found time to launch a Dh2.2 billion wellness-oriented residential and retail project right on the Dubai Creek. Be it the Canal or the Creek, or even off the coast, Dubai’s real estate action is seeing a lot of the water element.
The Cityscape organisers confirmed that first day traffic was up 25 per cent over last year. The second day seemed on course for an equally healthy gain. But the biggest takeaway for developers who had something to sell was that they had a captive audience to pitch their wares.
Whatever the sales outcome from the three days, the 2017 edition will still have done enough to lift investor sentiments that something tangible is emerging in the run up to Expo 2020. That will be the biggest takeaway for anyone with an interest in UAE’s real estate.
