Cityscape Abu Dhabi 2018 to set a trend for off-plan price deals
In light of Cityscape Abu Dhabi 2018, off-plan investments are trending among Saudi and international investors.
According to recent research from JLL and Cluttons, 2018 is going to be the year of smart off-plan investing. Current market conditions call for attractive payment plans and many regeneration projects have developed specific schemes for that.
Cityscape Abu Dhabi, which takes place from 17-19 April at Abu Dhabi National Exhibition Centre (ADNEC) is bound to reshape international investment property as all the major developers and agents will attend this renowned exhibition. Carlo Schembri, Exhibition Manager for Cityscape Abu Dhabi, discussed how the sustained drop in demand has affected the developers’ psychology and underlined the effect of VAT for property owners. As a result, he predicts that the event will mark a new wave for off-plan price deals.
“While selling properties on-site is not a new feature for the show, we do expect to see an increased level of competition among developers this year, which can only be good news for investors,” Schembri noted.
Schembri observes a shift from developers who are interested in attracting new investors from middle-income backgrounds. In search of the winning formula, construction costs are cut and unit sizes are reduced, especially in Abu Dhabi real estate, he added.
“In fact, now more than ever, the current state of the real estate market provides prospects for savvy investors. As we see the market mature in the UAE and Abu Dhabi, long-term investment will become a more common occurrence and those who can recognise market conditions and react accordingly will be able to capitalise,” highlighted Schembri.
To further capitalise on the emerging market of Dubai, property investors will have the chance to discuss new developments in Dubai and gain access to exclusive offers from the Copperstones team.
If you are looking for reliable investment opportunities in the UAE, call us today on +44 (0) 8445 555 555 to book your first meeting or join us at Cityscape on stand 8A10.
Please submit your enquiry and a member of our team will get in touch with you soon.