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Abu Dhabi Boasts Potential for Property Investment
ABU DHABI - The economic slowdown and the corrections to global property prices are failing to dampen industry enthusiasm for an international real estate exhibition and conference to be held soon in the UAE.
“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,” stated Goodchild.
The available exhibition space at Cityscape Abu Dhabi 2009, which takes place at the Abu Dhabi National Exhibition Centre from 19 - 22 April - is already more than 85 per cent sold and the event has the support and sponsorship of some of the region’s biggest real estate players.
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 12-24 months. “It is apparent that 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.”
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