Cityscape Jeddah wraps up with high visitor turnout turnout

The Cityscape Jeddah 2019 exhibitor profile included some of the biggest names within the local, regional and international segments including Arada Development LLC and Architecture & Planning Group.
Updated 08 April 2019

Cityscape Jeddah wraps up with high visitor turnout turnout

Cityscape Jeddah 2019, the largest international real estate exhibition in Saudi Arabia, saw strong visitor turnout for its three-day run at the Jeddah Center for Forums and Events.
Held under the patronage of the Minister of Housing Majed bin Abdullah Al-Hogail, the show, which opened Friday and ran through Sunday, hosted more than 50 exhibitors from six countries.
Commenting on Friday, organizers Informa Exhibitions said they anticipated substantial event growth for the 2020 edition.
“All the signs are encouraging,” said Mohaned Yaman, exhibition manager, Cityscape Jeddah. “The Saudi real estate market is undergoing transformation spurred by major government initiatives while exhibitors say Saudi investors remain committed to real estate as their main investment vehicle.”
“We are confident that the show will attract upwards of 8,000 interested buyers and that this event will experience substantial growth going forward because of positive market fundamentals aided by the opening of an Informa Exhibitions’ branch in Saudi Arabia. The permanent Informa Exhibitions presence will tie us heavily into the Kingdom and enable us to provide ever keener insights into market developments and adjust our offering according,” Yaman added.
The Saudi government is looking to increase the property sector’s GDP contribution from 5 percent to 10 percent by 2020, reducing the average waiting period for citizens to obtain housing financing from 15 years to five.
The Cityscape Jeddah 2019 exhibitor profile included some of the biggest names within the local, regional and international segments including Arada Development LLC, Architecture & Planning Group (APG), Arton Capital, Global Citizenship Partner, Aldar, principal sponsor, City Edge, Diyar Al-Muharraq and MSQ Property.
Overseas developers looking to lure Saudi investment included Turkey’s Keleşoğlu, which is selling property in its Deniz Istanbul marina-front project, and Dubai-headquartered Arada, which made its Cityscape Jeddah debut and launched an entirely new type of real estate investment opportunity for the Gulf — Nest, a student housing complex in Sharjah lifestyle megaproject Aljada.
Also for the first time, Cityscape Jeddah included Egypt’s top real estate developers together with the Egyptian Ministry of Housing in a joint promotion of investment opportunities in their country.
Visitors to the exhibition also participated in workshops, where participants gained deep insights into the Saudi government’s strategic objectives.
Dedicated panel discussions looked closely at economic diversification and delved into the Kingdom’s tourism and hospitality agenda in line with Vision 2030.
“Cityscape Jeddah 2019 could well be remembered as a tipping point for the Saudi real estate investment sector and is definitely on course to fulfill its role of connecting people, cities and ideas,” added Yaman.


Dubai to host Mideast’s first dinosaur auction

Updated 18 August 2019

Dubai to host Mideast’s first dinosaur auction

A massive 155-million-year-old dinosaur skeleton will be up for grabs for lovers of rare collectibles as Emirates Auction announced it will organize the Middle East’s first auction to sell the giant dinosaur skeleton. 

The online auction will be conducted by Emirates Auction, which specializes in organizing and managing public and electronic auctions, at a starting value of 14.6 million dirhams (SR14.9 million, $4 million) and will end on Aug. 25. 

The 24.4-meter-long by 7-meter-high skeleton, which dates back to the Jurassic period, is the first of its kind in the world to be installed at the Dubai Mall. 

Back then the 25-year-old dinosaur weighed up to five elephants and was one of the long-necked herbivorous dinosaurs and has a tail tapering to a long, thin whip-like end to defend itself against predators.

The dinosaur belongs to the Diplodocus longus variety, deriving it from the Greek words “diplos,” meaning “double,” and “dokos” meaning “beam.” 

Nearly 90 percent of the fossil’s bones are original, making it a stunning discovery in the history of palaeontology. The remains of the adult dinosaur were discovered in a sleeping position in 2008 at the Dana Quarry in the US state of Wyoming.

The auction will be an ideal opportunity for those looking for excellence to supplement their collections with a historic masterpiece rarely found around the world.

The specimen was previously displayed at the Houston Museum of Natural Science in the US state of Texas. It was sourced through Khalid Seddiq, founder of Etihad Modern Art Gallery in Abu Dhabi, and was put on permanent display at The Dubai Mall in 2014.

Emirates Auction is a UAE-based auction company in the Middle East. Founded in 2004, the company specializes in automobiles, vehicle license plates, real estate and properties, asset liquidation, VIP mobile numbers, jewelry, time-sensitive items, and heavy machinery, plant and construction equipments. 

Emirates Auction has achieved a number of milestones in a short span of time since its establishment, breaking 10 Guinness World Records along the way.

With increasing annual sales and registered bidders across the UAE, GCC and North Africa states, Russia and other countries across the world, the auctioneer conducts over 200 online and physical auctions per year. The company is credited with significantly contributing to the development of auction concepts in the Arab world.