International real estate investment flows are resurging following a pandemic induced lull with buyers signing up to properties across the Middle East, Asia, Europe and the UK at Cityscape Global, the leading real estate investment show, which continues at Dubai Exhibition Centre, Expo 2020, until Thursday night (November 11).<\/p>\n
As the show\u2019s 21st edition got into its stride the UAE\u2019s Sobha Realty was celebrating a multi-million-dirham first day sales tally.\u201cWe achieved sales transactions of more than AED100 million on the first day as we launched Waves Grande, the second residential tower at the Waterfront District in Sobha Hartland,\u201d commented Ms. Jyotsna Hegde, the company\u2019s President.<\/p>\n
The UAE\u2019s Select Group notched up a first day success selling out more than 25% of its 330 Dubai Peninsula Two, Business Bay apartment inventory on the project\u2019s release day.<\/p>\n
\u201cIt surpassed all our expectations with a good mix of locals and expatriates buyers,\u201d said Georges El Hachem, Commercial Director of Select Group. \u201cWe sold over 80% of Peninsula One within a month of the launch last month, and if the market appetite remains intact, we would be hopeful of reaching similar levels of sales with Peninsula Two.\u201d<\/p>\n
Sharjah\u2019s Arada Developments received strong interest in the 566 smart apartments it launched in its Aljada mega project. \u201cRight from the show\u2019s opening we started seeing some good sales, so for us it was an extremely strong start,\u201d said Ed Atwood, Chief Communications Officer, Arada Developments.<\/p>\n
As UAE developers processed the interest uptake, Middle East buyers and residents were also planning overseas investments with the UK, the Med and Egypt in the main frame.<\/p>\n
Regal London reported a first-day sale of a studio apartment in Watford and ongoing negotiations with Gulf buyers for St. John\u2019s Wood properties. \u201cThe solid sale was to an Indian gentleman who is resident in Dubai and bought it for his daughter to live in while she studies in London,\u201d explained Jacob Sullivan, Sales & Marketing Director, Regal London. \u201cThere is still interest in the London market from people wanting holiday bolt holes in the UK, for investment or for accommodation for family studying in the capital.\u201d<\/p>\n
Montenegro\u2019s Lustica Bay development on its first Cityscape showing was sealing the sale of a waterfront villa in the new Mediterranean destination by Egypt\u2019s Orascom. \u201cThe buyer is an Egyptian who is looking for a Mediterranean retreat,\u201d said VoliaDzikovich, Sales Manager. \u201cWe are here to build awareness of Montenegro and the opportunities, and we have had a steady flow of interest.\u201d<\/p>\n
Egyptian properties were in high demand as first and second homes, according to Ismail Hafez, Marketing Director of Orascom\u2019s Makadi Heights. \u201cTraffic has been better than we expected,\u201d he commented.<\/p>\n
The live and in-person event is being held in adherence with Informa AllSecure<\/a>, an enhanced health and safety standards that raise the bar on safe, hygienic, productive, and high-quality organised event experiences.<\/p>\n
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