Arab Today, arab today cityscape real estate fair kicks off in dubai amid concerns over oil price slump
Last Updated : GMT 03:56:59
Arab Today, arab today
Arab Today, arab today

Cityscape real estate fair kicks off in Dubai amid concerns over oil price slump

Arab Today, arab today

Arab Today, arab today Cityscape real estate fair kicks off in Dubai amid concerns over oil price slump

Cityscape real estate
Dubai - XINHUA

The annual Cityscape Global real estate fair kicked off in the United Arab Emirates (UAE) on Tuesday amid worries among Dubai's developers and investors about the impact of the oil price slump and emerging market currency woes on property.

This year's Cityscape, the biggest real estate fair in the Middle East, attracts 324 exhibitors from 30 countries.

"The growth of the fair is based on good momentum and new investment opportunities in Dubai and the region, more exhibitors who are coming from abroad, in particular from Turkey, and Cityscape's strong branding," Wouter Molman, the fair's director, told Xinhua.

Asked if he is worried about the decline in oil prices, the Dutchman replied that lower oil prices have primarily an impact on the government spending.

"Real estate developers in Dubai and the region have currently more challenges to attract investors due to the currency decline in many emerging markets," he said.

Real estate research firm JLL said in its report launched at Cityscape that the Dubai residential market continued to face downward pressure as the sales index dropped eight percent in June and the market is expected to continue to see a downward trends in prices over the second half of this into 2016.

The fair, which expects around 50,000 visitors, will run until Thursday.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cityscape real estate fair kicks off in dubai amid concerns over oil price slump Arab Today, arab today cityscape real estate fair kicks off in dubai amid concerns over oil price slump

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cityscape real estate fair kicks off in dubai amid concerns over oil price slump Arab Today, arab today cityscape real estate fair kicks off in dubai amid concerns over oil price slump

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday