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05 March 2024

Space at Cityscape Abu Dhabi 85% sold out

By Staff Writer

Almost 85 per cent space has been sold for Cityscape Abu Dhabi 2009 despite the UAE's property sector witnessing a slowdown, according to IIR Middle East.

The exbition will take place at the Abu Dhabi National Exhibition Centre from April 19 to 22 and has got the support and sponsorship of some of the region's biggest real estate players.

"The UAE capital of Abu Dhabi is currently one of the most talked about real estate markets in the world," said Mark Goodchild, Exhibition Director for Cityscape Abu Dhabi.

"While the global property development industry is currently facing certain challenges, Cityscape Abu Dhabi provides a timely opportunity to reassess where the longer-term returns for real estate investment lies," said Goodchild.

Cityscape Abu Dhabi will bring together regional and international investors, architects, designers, developers, government authorities, key decision-makers and senior executives involved in the design and construction of both public and private real estate developments.

Running alongside the exhibition will be the real estate finance and investment conference, featuring more than 100 speakers from the world's leading finance, investment and real estate companies. The conference will be an exciting forum for in-depth discussion on the current market challenges and for formulating cutting-edge strategies during these turbulent times.

A Jones Lang LaSalle Mena Investor Sentiment Survey published in the final quarter of 2008 recognised Abu Dhabi as the GCC market where real estate market conditions are expected to improve the most over the next 12 to 24 months. "

"It is apparent this market is seeing major growth as revenues from the oil sector are being invested in urban infrastructure and real estate projects within the emirate," added Goodchild.