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After the calm caused by the pandemic, the flow of international real estate investment is regaining its momentum. Buyers have signed on Cityscape Global to purchase real estate in the Middle East, Asia, Europe and the United Kingdom. This is the leading real estate investment exhibition, which continues to exhibit in Dubai in 2020 Center, Expo, until Thursday night (November 11).
With the opening of the 21st edition of the exhibition, Sobha Realty in the UAE celebrated its first day of sales reaching millions of dirhams. On the waterfront of Sobha Hartland,” commented Ms. Jyotsna Hegde, the company’s president.
The UAE’s Select Group successfully sold out more than 25% of its 330 Dubai Peninsula Phase II Business Bay apartment inventory on the day of the project’s launch.
Georges El Hachem, Commercial Director of Select Group, said: “The good mix of locals and foreign buyers exceeded all our expectations.” “We sold more than 80% of Peninsula One within one month after its launch last month. If the market appetite remains the same, we are expected to reach similar sales levels with Peninsula II.”
Arada Developments in Sharjah has a keen interest in its 566 smart apartments launched in its large-scale Aljada project. Ed Atwood, Chief Communications Officer of Arada Developments, said: “Since the opening of the exhibition, we have seen some good sales, so this is a very strong start for us.”
As UAE developers deal with interest absorption, Middle Eastern buyers and residents are also planning overseas investments mainly in the United Kingdom, the Mediterranean and Egypt.
Regal London reported the first-day sale of a studio apartment in Watford and is in talks with Gulf buyers on the St Johns Wood property. Regal London Sales and Marketing Director Jacob Sullivan explained: “This solid sale is for an Indian gentleman living in Dubai, where his daughter can live while studying in London.” “Hope to spend a holiday and invest in the UK Or people who provide accommodation for families studying in the capital are still interested in the London market.”
The Lustica Bay development project in Montenegro completed the sale of a beach house in a new Mediterranean destination in Orascom, Egypt at the first Cityscape exhibition. “The buyer is an Egyptian looking for a Mediterranean resort,” said sales manager Volia Dzikovich. “We are here to build awareness of Montenegro and opportunities. We have always been interested.”
Orascom’s Makadi Heights marketing director Ismail Hafez said that Egyptian properties are in high demand as first and second homes. “Traffic is better than we expected,” he commented.
On-site and face-to-face activities will be conducted in accordance with Informa AllSecure, Enhanced health and safety standards, raising the standards of safe, hygienic, efficient and high-quality organized event experience.
For more information, please visit: www.cityscapeglobal.com
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