Slow crowds and few deals mark first days of Cityscape Global

Market sentiment keeps investors on the sidelines at annual Dubai property show
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H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, inaugurated on Sept 27 Cityscape Global 2011 at Dubai World Trade Centre (DWTC)
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The exhibition gathers around 150 local, Arab and foreign exhibitors from more than 30 countries
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The 10th edition of Dubai's premeir real estate event Cityscape Global opened with an announcement from master developer Nakheel on a new project on Palm Jumeirah
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The Cityscape Global event which opened in Dubai on Tuesday will see international companies represent more than 50% of the total exhibitors
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Almost 150 exhibitors from 28 countries, as well as Dubai’s Emaar, Nakheel, Dubai Properties and Damac Properties will take part in the three day event, which marks Cityscape Global’s tenth year in Dubai
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Almost 150 exhibitors from 28 countries, as well as Dubai’s Emaar, Nakheel, Dubai Properties and Damac Properties will take part in the three day event, which marks Cityscape Global’s tenth year in Dubai
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Chris Speller, group director for Cityscape, said: "Cityscape has developed significantly over the past 10 years, becoming a ‘household name’ within the real estate industry. This year we anticipate there will be a strong focus on end user and an increase in the presence of long-term investors"
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'The market outlook is much more positive now and we believe that this event will provide an excellent platform for investors, developers, regulators and service companies to come together, network and gain a greater perspective of the opportunity and focus for the real estate industry over the upcoming years'
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The event will take place from 27-29 September at the Dubai International Convention and Exhibition Centre
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Dubai’s property prices are expected to drop further as 54,000 homes will come onto the market between 2011 to 2015, Jones Lang LaSalle estimates
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That’s about 15 percent to 20 percent of the existing supply, according to the real-estate broker
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The opening day saw the commencement of several of the conference sessions, including Retail City, Global Real Estate Seminars and the World Architecture Congress (WAC), with some of the most respected industry experts taking part in discussions and providing insider knowledge across a range of current hot topics
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Cityscape is the largest business-to-business real estate events brand in the world, encompassing a series of platforms that take place in UAE, Egypt, Qatar, Asia, Saudi Arabia; Levant and Latin America
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Cityscape Global 2011 is celebrating its 10th year in Dubai, providing a platform for the international real estate industry to meet, discuss and do business