By Victoria Bryan
Developer says it is not attending event due to global downturn.
International developer Limitless has decided not to attend Cityscape this year due to the global economic situation, it was reported on Saturday.
The UAE-based Emirates Business daily reported that the company, which is a part of Dubai World, has announced its non-attendance, joining the likes of Emaar and Nakheel.
Rebecca Rees, Limitless spokesman, said: “While Limitless will not be exhibiting at Cityscape Dubai 2009, we continue to support the event and will participate in the Green Day conference on October 7, where we will share our thoughts on environmental sustainability.
“The decision also applies to other exhibitions at which we have previously been present.”
Dubai real estate giants
and Nakheel revealed on Thursday they would not be taking part in Cityscape this year.
The developers said they would forego the massive business-to-business real estate investment event, which attracts thousands of visitors every year, to concentrate on the completion and handover of projects amid a sharp downturn.
Cityscape in Dubai attracts the biggest developers in the region and is seen is a key event in which to launch and sell projects and close multi-million dollar deals.
Last month Arabian Business reported that visitor and exhibitor numbers would be 30 per cent down on last year, when the event drew record crowds.
Cityscape organizers! Look at what is happening, Emaar, Nakheel and Limitless are out of your event, you will have less revenue.... so have a big meeting and make a breakthrough decision on how to recover... let me guess, you will raise prices!! Its sad how no one is learning from this downturn... shouldn't businesses consider pricing down sometimes? Maybe that will increase participation, revenue... and oh, profits!??