Cityscape Abu Dhabi 2009 strengthens the beliefs of the real estate market turnaround

Cityscape Abu Dhabi 2009 witnessed a great support to the companies beliefs, with over 30,000 visitors to the show, Cityscape defied all negative market sentiment, and the visit of the Crown Prince, Sheikh Mohamed bin Zayed Al Nahyan, on the opening of the show and then the next day the Ruler of Dubai, Sheikh Mohamed bin Rashed Al Maktoum, and finally on the last day the surprising and much appreciated visit of the Mother of the UAE, Sheikha Fatima bint Mubarak, were all an act of indefinite support to the Real Estate market and the embarked upon projects of Abu Dhabi.

"We witnessed at Cityscape Abu Dhabi, a great shift in the quality of the visitor where there was no presence of speculators, but a concentration of end users and long term investors." Commented Ziad S. Bushnaq CEO Cornerstone Real Estate.

Another strength the show enjoyed and further proves that the Real Estate market is about to shift to a positive phase, is the fact that some banks are, again, keen on offering finance for many of the projects available in the market, with a coverage that reaches in some cases 90% finance on the property. An example of such scenario would be Al Hilal Bank; it is offering 90% finance on the villas in Ain Al Fayda project in Al Ain, which is developed by Al Qudra Holdings.

"Investing in the UAE is a privilege that is now more than ever is being realized by investors. You can't go wrong when you invest in a country where its leadership is continuously supporting its economy with solid and strong long-term solutions"

Commented Mr. Ziad Bushnaq, CEO Cornerstone Real Estate.

Cornerstone was present at Cityscape Abu Dhabi 2009 exhibiting the Beach Towers for Al Badie Group, and Dynasty & Falcon Crest Towers for Rakaa Properties all in AI Reem Island, as well as the Ain Al Fayda project developed by Al Qudra Real Estate in Al Ain. Cornerstone was also showcasing Synergy Tower by Sanaya Saudi Group and Madaen Al Nour in King Abdulla City and Amman as well as Seascape Villas in Al Aqaba, Jordan.