As this year's edition of Cityscape in Dubai approaches, developers are jostling to draw attention to their latest projects.
They are fighting the tide amid a market downturn. The consultancy Knight Frank last week reported that in the year through June, Dubai property prices fell by the most – 12.2 per cent – among 56 world markets that it tracks.
Cityscape Global runs from Tuesday through Thursday at the Dubai World Trade Centre. Yesterday’s announcements ranged from luxury residences to studio apartments.
• Al Habtoor Group said it will unveil its luxury residential project, The Residence Collection, Al Habtoor City at Cityscape. It marks the group’s first appearance at Cityscape Global. The entire project covers a total built-up area of 8.5 million square feet of hospitality, residential and retail space, and will sit on Sheikh Zayed Road and the newly developed Dubai Water Canal. Al Habtoor City comprises three 5-star Starwood branded hotels and three luxury residential towers.
• Damac Properties said yesterday it has brought forward the release of Viridis – four towers in the Akoya Oxygen development that is home to the Trump World Golf Club, Dubai.
• Deyaar Development announced that online registration for Afnan District, the first phase in Midtown, is now open. The property offers studio, 1-, 2- and 3-bedroom apartments, and will be showcased at a launch event on the September 12 and 13 at its sales centre. Prices start at Dh397,000.
• Bloom Properties announced the start of construction of its Stella Maris project in Dubai Marina. It will be close to the much-anticipated Dubai Eye.
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