Progressive move to drive sector growth, both locally and internationally
Dubai based luxury real estate giant Damac Properties views the conference’s decision to allow developers to sell their properties onsite at this year’s Cityscape Global 2017 as a progressive step in helping to boost property sector growth.
The 16th edition of Cityscape Global (2017) will be held from September 11-13 in Dubai at the Conrad hotel, and is the region’s meeting point for the real estate market and one of the largest industry events globally.
Stellar programme of topics
This year’s conference has a stellar programme of topics and speakers covering the full spectrum of real estate development. Last years welcomed over 1,000 delegates in 2016, 51% of whom were C-level.
The Conference encompasses three distinct programs: Market Overview, Architecture and Real Estate Brokers. Sessions are comprised of official keynotes, exclusive reports, expert panel discussions and case studies.
The conference is focusing on critical topics of discussion, ensuring the presence of top decision makers in a non-distracting environment essential for networking and serving the delegates’ need to gain as much information in as little time as possible.
Driving sector growth locally and internationally
“For the first time, Cityscape Global will be allowing onsite property sales which we believe is a strong indication of the important role this event plays in driving sector growth locally and internationally,” stated senior vice-president of Damac,Niall McLoughlin.
“In Dubai, we are seeing positive demand for our residential and hotel apartment properties, and this is in line with the recent announcement by the Dubai Land Department reporting Dh132 billion in property transactions in the first half of the year, a notable gain over the same period last year that saw Dh113 billion. We applaud this decision which not only increases interest and footfall by visitors, it also ushers in a new era of growth in Dubai’s evolving property market.”
H1 net profit of Dh1.6 billion
DAMAC Properties has been at the forefront of the Middle East’s luxury real estate market since 2002, delivering luxury residential, commercial and leisure properties across the region. The master developer has delivered over 18,500 homes, with a development portfolio of more than 44,000 units at various stages of progress. This includes 13,000 hotel rooms, serviced hotel apartments and hotel villas that will be managed by DAMAC Hotels & Resorts.
On Monday, Damac announced its first-half 2017 financial results which included Dh4 billion in booked sales and net profit of Dh1.6 billion. It also announced first-half 2017 delivery of 1,071 units at its Damac Hills master development.