Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
UAE
Print
Email
Discuss this article (15 Comments)No discounts offered to Emaar, Nakheel - Cityscape
by This email address is being protected from spam bots, you need Javascript enabled to view it on Thursday, 24 September 2009
SHOW FLASHBACK: Crowds at last year's Cityscape event in Dubai.
No discounts were offered to UAE property giants Emaar and Nakheel to persuade them to take part in this year's Cityscape Dubai exhibition, organisers have said.
Both companies announced last week that they would not be exhibiting at Dubai's biggest property show, due to take place from October 5-8, but announced days later that they would take place after all.
"We haven't offered them any discounts," said Rohan Marwaha, group director of Cityscape, in comments published by Emirates Business on Thursday.
He added that the show was still in discussions with two or three other UAE-based developers about whether they will take part, but declined to reveal any names.
Marwaha told the paper that organisers of Cityscape Dubai were willing to accept last-minute applications for exhibition space but would not offer discounts even though rates had risen despite the impact of the global economic crisis.
"We can accept new applications for a couple of more days, but only if the companies are willing to be accommodated in the space that is available," Marwaha said.
A spokesman for RAK Properties told the paper the company was seeking a price reduction before confirming its participation but Marwaha said any suggestions that reduced prices were available were "untrue".
He added that 215 exhibitors will take part this year compared to last year's 300.
READERS' COMMENTS
Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.
forget the past and move ahead
Posted by rao, sharjah, uae on Monday 28 September 2009 at 01:42 UAE time
We all came to UAE to work and happy. I dont understand why we
pull each other leg. I am neither in constructin busines or I purchased
any property. I have plans in future to purchase. Rohan is doing wonderful job as a director of cityscape. atleast he has guts to commence the show. The market will boom in first quarter of next year as comments given all over the world . I pray to god nobody should loose money and everybody should benefit.
Posted by rao, sharjah, uae on Monday 28 September 2009 at 01:42 UAE time
We all came to UAE to work and happy. I dont understand why we
pull each other leg. I am neither in constructin busines or I purchased
any property. I have plans in future to purchase. Rohan is doing wonderful job as a director of cityscape. atleast he has guts to commence the show. The market will boom in first quarter of next year as comments given all over the world . I pray to god nobody should loose money and everybody should benefit.
cityscape
Posted by ahmed on Friday 25 September 2009 at 13:36 UAE time
Guys..the real reason is out...now that they have discovered water on the moon..Emaar and Nakheel are launching multi billion projects, both commercial and residential, on the Moon...Nakheel will be creating island on the newly discoverd water and making residential collonies there...watch out for Cityscape.
Posted by ahmed on Friday 25 September 2009 at 13:36 UAE time
Guys..the real reason is out...now that they have discovered water on the moon..Emaar and Nakheel are launching multi billion projects, both commercial and residential, on the Moon...Nakheel will be creating island on the newly discoverd water and making residential collonies there...watch out for Cityscape.
Once were exhibition mogals
Posted by Tim, Dubai Marina on Friday 25 September 2009 at 09:56 UAE time
You know its always nice to see reality bite those who think they created Dubai's realestate boom. I was tired of seeing people being promoted and claiming if it wasnt for "their show" Dubai wouldnt be were it is today. Give us a break, if it wasnt for the leadership of the country some people would'nt go from marketing managers to event CEO's overnight riding on the coat tails of anothers success. Dubai's event industry is more transparent than any other so trying to fool us into thinking the biggest players in the realestate market do a complete u-turn in the space of 2 days completely on their own is insulting to all of us let alone the "paying" exhibitors.
All this and we havent even looked at attendance numbers of such overly hyped shows. Lets leave the attendance numbers for the creative accounting in the post show report.
Exhibitions are nothing more than a leech that rides on the hard work and success of existing businesses on the street.
Posted by Tim, Dubai Marina on Friday 25 September 2009 at 09:56 UAE time
You know its always nice to see reality bite those who think they created Dubai's realestate boom. I was tired of seeing people being promoted and claiming if it wasnt for "their show" Dubai wouldnt be were it is today. Give us a break, if it wasnt for the leadership of the country some people would'nt go from marketing managers to event CEO's overnight riding on the coat tails of anothers success. Dubai's event industry is more transparent than any other so trying to fool us into thinking the biggest players in the realestate market do a complete u-turn in the space of 2 days completely on their own is insulting to all of us let alone the "paying" exhibitors.
All this and we havent even looked at attendance numbers of such overly hyped shows. Lets leave the attendance numbers for the creative accounting in the post show report.
Exhibitions are nothing more than a leech that rides on the hard work and success of existing businesses on the street.
Catch 20/20
Posted by Siwash, Amman, Jordan on Thursday 24 September 2009 at 21:49 UAE time
As a former semi-government real estate company employee, I have always questioned the strategic reasons for exhibiting in Citiscape, even during the hey day of the real estate boom. The cost of exhibiting were rising astronomically and the rationale for being there did not make business-sense. However, should the two developers not changed their position it would have had dire negative repercussions. Thus, it is a thing of damned if you do and damned if you don't. Let the saga continue!!!
Posted by Siwash, Amman, Jordan on Thursday 24 September 2009 at 21:49 UAE time
As a former semi-government real estate company employee, I have always questioned the strategic reasons for exhibiting in Citiscape, even during the hey day of the real estate boom. The cost of exhibiting were rising astronomically and the rationale for being there did not make business-sense. However, should the two developers not changed their position it would have had dire negative repercussions. Thus, it is a thing of damned if you do and damned if you don't. Let the saga continue!!!
Click here to post a comment
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST REAL ESTATE
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST REAL ESTATE
LATEST MIDDLE EAST BUSINESS NEWS
- Construction & Industry: Abu Dhabi in talks to build billion dollar Iraqi homes project
- Retail: UAE grocery sales growth slumps in 2009
- Construction & Industry: Kuwait eyes $8.7bn development projects
- Travel & Hospitality: Tokyo set to become Emirate’s 102nd destination
- Construction & Industry: Developer set to hand over AED1.2bn golf projects in 2010
SHARE PRICE CHECK
RELATED STORIES
Market Turmoil Focus
3 stories- UAE grocery sales growth slumps in 2009
24 Nov '09 | News - EXCLUSIVE: Boeing chairman sees more job cuts in 2010
19 Nov '09 | News - More UAE bank mergers predicted in 2010 - Ethos
19 Nov '09 | News
Cityscape 2009
3 stories- Almost 70% think Cityscape will be a flop - poll
8 Oct '09 | News - Limitless offers 10% of customers help in land deals
8 Oct '09 | News - Aldar says Abu Dhabi still key market for future
7 Oct '09 | News
Emaar Properties - UAE
| 651 stories- Dubai developers see negative press reports decline
22 Nov '09 | News - Emaar stocks main drag on Dubai index
22 Nov '09 | News - Merger technical talks to conclude in a month - Emaar
21 Nov '09 | News
Nakheel - UAE
| 491 stories- Dubai developers see negative press reports decline
22 Nov '09 | News - Islamic finance steps up
21 Nov '09 | Features - 2,000 new residents set for Palm Jumeirah move
9 Nov '09 | News
Mobile
