Sunday 20 September 2009

Change of heart on Cityscape

Emaar Properties and Nakheel, two of the country’s largest property developers, have both reversed their decisions not to take part in this year’s Cityscape, and confirmed their participation in the property show yesterday.

Cityscape, which takes place in Dubai early next month, is the emirate’s largest exhibition of current and future building projects.

Nakheel, which has been hit hard by the 50 per cent drop in property prices over the past 12 months, said last week it would not take part, but issued a statement yesterday saying it would now participate in the event “following discussions with various industry stakeholders, including partners and the leading event’s organisers”.

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