Connect with us

Real Estate

Cityscape Global opens at Expo 2020 Dubai

His Excellency Mattar Al Tayer, Director General & Chairman of the Board of Executive Directors of Dubai’s Road and Transport Authority opens 21st edition of Cityscape Global

Published

on

Cityscape Global

The 21st edition of Cityscape Global, the Middle East’s leading real estate exhibition, was officially opened today by His Excellency Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors, at Dubai’s Road and Transport Authority (RTA).

Touring the exhibition, which runs at Dubai Exhibition Centre at Expo 2020 Dubai until November 11, Al Tayer was briefed on numerous new to market projects from top development enterprises including Sobha Reality, DAMAC Properties, Dubai South and Azizi Developments. 

Azizi is haloing its Riviera Beachfront project, the developer’s French Mediterranean-inspired residential and commercial community. The project comprises residences with direct access to – and stunning views of – Azizi’s newly announced 2.7-kilometre-long crystal lagoon in MBR City, one of Dubai’s most sought-after neighbourhoods. Other Azizi projects on show include the Mina on Palm Jumeirah and Creek Views I and II, which will have scale models on the developer’s stand.

By mid-2022, Dubai-based Sobha Realty will launch a 200-acre development in MBR City next to Sobha Hartland. According to the developer, the ‘Hartland Sanctuary’ will cost over US$4 billion to build. The developer is also showcasing ‘The S’ – a 240-metre high, 60-storey super-luxury mixed-use tower on Sheikh Zayed Road. When complete in 2024, ‘The S’ will also house Sobha’s corporate headquarters. According to the developer, offices take up much of the space which boasts overall sales value of approximately Dh1 billion.

UAE real estate facing tough but achievable road to net zero targets, Cityscape Talks hears
The UAE’s real estate sector will face tough challenges to achieve the nation’s net zero carbon emissions goals, according to industry experts. Addressing the Cityscape Talks at Cityscape Global, the region’s largest networking property development exhibition and conference, experts predicted the Emirates are well-placed to achieve real estate sector net zero targets.

The experts pointed to a high percentage of ageing developments requiring expensive retrofit, and cited regulation and incentives as requirements to aid the process.

Hanifa Ymer, Head of Sustainability for JLL, said the real estate sector was not yet well prepared to address the challenge, insisting new regulation would focus minds; “We will see a surge in legislation that will de-risk some of the investment opportunities and requirements for retrofits. There will also be some incentivisation and we expect to see a lot along these lines in the UAE.”

Madhur Dhar, COO of ZaZen Properties, said more facilities needed to be in place to optimise developers’ investment. “We are using solar for power generation but currently cannot contribute to the grid to offset costs as is done in some other countries. However, if any country can do it, the UAE can because it is always fast to react,” he said.

Dhar also said more needed to be done to educate both the sector and buyers of the benefits of investing in sustainability. “It requires a real push as this industry contributes 40% of a nation’s carbon emissions,” he added.

However, Mario Saab, Head of Sustainability MENA for Cundall, said the market is witnessing an upsurge in developer interest in sustainability enhancement. “We are receiving many RFPs from developers who are looking again at their operations to see how they can make their existing assets more sustainable,” he said. “There is definitely movement on this big issue and we are still at the early stage.” 

Saab also predicted an upswing in green financing initiatives coming onto the market to satisfy increasing investor demand. “We are seeing more green bonds and sukuks and will see even more going forward,” he said. “Investors are now looking with greater scrutiny into developers’ net zero targets and plans to inform their investment decisions.”

The live and in-person event is being held in adherence with Informa AllSecure, an enhanced health and safety standards that raise the bar on safe, hygienic, productive, and high-quality organised event experiences. 

For more information, visit: www.cityscapeglobal.com

Advertisement

Latest

Hand-&-Hand Hand-&-Hand
News5 months ago

The best sanitizer in the world, Hand & Hand, is here in the UAE

A portion of the proceeds from each purchase of the all-new, all-cool sanitizer will be donated to Dubai Cares in...

Kevin Hart Kevin Hart
Events & Happenings5 months ago

Yas Island goes Hart: Kevin Hart announced as the destinations first ‘Chief Island Officer’

Something big is brewing on world’s most entertaining Island and Kevin Hart is giving a glimpse to the viewers of...

TOURISM 365 TOURISM 365
ATM20225 months ago

Tourism 365 to showcase Abu Dhabi’s leisure tourism sector at ATM

The tourism development company aims to highlight its strategic partnerships with the Department of Culture and Tourism – Abu Dhabi...

Terra Solis Terra Solis
Hospitality5 months ago

Tomorrowland to open magical desert destination Terra Solis in Dubai

Visitors from around the world will experience the finest music, a vibrant pool scene, incredible dining, and a unique glamping...

atm-2022-opening-session-2 atm-2022-opening-session-2
ATM20225 months ago

Industry experts optimistic about future of international travel and tourism in the Middle East

High-profile panellists speaking on the ATM Global Stage said flexibility and sustainability would drive long-term growth in regional travel and...

His Highness Sheikh Ahmed bin Saeed Al Maktoum His Highness Sheikh Ahmed bin Saeed Al Maktoum
ATM20225 months ago

Ahmed bin Saeed opens Arabian Travel Market 2022

Middle East’s largest travel and tourism exhibition features 1,500 exhibitors, representatives from 158 global destinations, and an anticipated 20,000 attendees

Best-of-Switzerland Best-of-Switzerland
Expo 2020 Dubai7 months ago

Swiss Evening Showcases Best of Switzerland at Expo 2020 Dubai

Lake Geneva Region of Switzerland Takes Centre Stage At World’s Greatest Show

Yas-Marina-Circuit Yas-Marina-Circuit
Sports7 months ago

The fourth and final Yas Racing series concludes at Yas Marina Circuit

The Abu Dhabi-based circuit enjoyed a thrilling season of motorsport across four rounds

Dominos Dominos
Food & Beverages7 months ago

Alamar Foods, the master franchisee of Domino’s in the MENAP region, launches the 50th Domino’s store in the UAE

Alamar Foods to announce the opening of Domino’s 50th store in the UAE marking UAE’s Golden Jubilee

ARB Emirates ARB Emirates
Automotive7 months ago

ARB Emirates All Revved Up for Upcoming Wheelers Festival in Sharjah

A Nissan Y61 and two other vehicles that will be fully loaded with ARB accessories are going to be prominently...

Terra Terra
Expo 2020 Dubai7 months ago

One million visitors to Expo 2020 Dubai’s Terra – and 95 per cent pledge to make sustainable change

The millionth visitor was Dubai resident Santhosh Fernandes, who was at Expo 2020 Dubai with his wife Sheetal, children Seona,...

Monkey Bar Monkey Bar
Food & Beverages7 months ago

Welcome To The Jungle, Monkey Bar Is Now Open!

Take a walk on the wild side at Dubai’s hottest new venue.

Her Excellency Dr Monique Nsanzabaganwa Her Excellency Dr Monique Nsanzabaganwa
Expo 2020 Dubai7 months ago

African Union displays wealth of culture and vision, while celebrating Expo 2020 Dubai Honour Day

he African Union Pavilion at Expo 2020 Dubai is located in the Opportunity District and tells the story of the...

latest-receipe latest-receipe
Food & Beverages7 months ago

Unwind at the Newly Launched Saturday Night Brunch at Latest Recipe

The modern brasserie presents a relaxed evening atmosphere for guests to unwind with friends and family.

Taqdeer Award Taqdeer Award
Expo 2020 Dubai7 months ago

Prestigious Taqdeer Award celebrates Expo 2020 contractors raising the bar in worker welfare and health and safety

The extraordinary edition of the annual Taqdeer Award recognised both companies and individuals based on their ongoing dedication to upholding...

Advertisement

Trending