The arrival of Shaikh Hazza Bin Zayed Al Nahyan -Vice Chairman of the Abu Dhabi Executive Council- marked the opening of the sixth edition of Cityscape Abu Dhabi on Sunday.
The four-day event taking place at the Abu Dhabi National Exhibition Centre (Adnec) showcases projects of several leading developers in the regional real estate industry and is viewed as the annual barometer for the Abu Dhabi and wider GCC real estate market.
Thousands of investors gather each year at Adnec to learn about the latest market trends and get updates on many of Abu Dhabi’s master developments.
An anticipated highlight of Cityscape Abu Dhabi this year includes the latest developments of the Abu Dhabi Urban Planning Council’s (UPC) emirate-wide urban development strategy, Vision 2030, and the Emirati Housing initiative, where 7,500 new homes for Emirati families across all three regions of Abu Dhabi, Al Ain and Al Gharbia will be showcased.
“With Abu Dhabi’s 2030 Urban Vision taking shape across the emirate, we are keen to acknowledge and update stakeholders on how the UPC is implementing its various plans and initiatives,” said Falah Al Ahbabi, UPC’s general manager, as Gulf News stated.
He added “By updating the public on the emirate-wide urban development strategy we move further forward with establishing Abu Dhabi as the region’s catalyst for a truly sustainable, modern, vibrant, cosmopolitan and world-class Arab capital for the 21st century,”
Aldar Properties, Abu Dhabi’s largest real estate developer by market capitalisation, revealed at the Cityscape that Al Muneera and Al Zeina,the first beachfront residential developments in Abu Dhabi are now available for purchase by national and international buyers. Prices for the two waterfront Al Raha Beach communities will start at just under Dh700,000 for a one bedroom apartment.
To be mentioned that Cityscape Abu Dhabi 2011 attracted more than 25,000 visitors from 78 countries.