Welcome to day two of Cityscape Abu Dhabi 2012. After the excitement of the opening day, which saw a very busy exhibition floor, it was down to business on day two. Feedback from exhibitors so far indicates there have been some great business opportunities being put forward and discussed.
It was interesting to hear expert analysis from Cluttons Middle East that the first quarter of 2012 has seen a stronger interest in apartments on Abu Dhabi island as prices are becoming more competitive. Improvements in infrastructure and amenities throughout the UAE capital are also expected, citing the announcement of several retail units due to open in Marina Square in the second quarter of 2012.
The Middle East Real Estate Summit tackled important issues throughout the day, and there were a number of excellent presentations and debates discussed. Emile Habib, Managing Director of property developer Gulf Related, advised delegates that Abu Dhabi property developers should focus their attention towards mixed use developments because demand still has yet to catch up with supply in the capital. To read more please click here.
Tonight we turn our attention to the Cityscape Awards and Cocktail Evening which will acknowledge outstanding achievements in the industry. The Awards are sponsored by Gaggenau, Hansgrohe and our Foundation Partner, the Abu Dhabi Department of Municipal Affairs. And if you're reading this on Tuesday morning, you can check our website to see a full list of the winners.
I hope you are able to join us at Cityscape Abu Dhabi which runs until Wednesday 25 April 2012.