Real estate investment in one emirate is expected to continue growing over the next few months despite problems elsewhere, say the organisers of a leading property event.
The people behind Cityscape Abu Dhabi, to be held in the state from April 19 to 22, said they expect interest in local markets to continue through the global downturn.
Organisers quoted a Jones Lang LaSalle investment survey, which said Abu Dhabi could see
“major growth as revenues from the oil sector are being invested in urban infrastructure and real estate projects”.
Mark Goodchild, exhibition director for Cityscape Abu Dhabi, said:
“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 lie.”
He added the regional real estate market was still one of the most talked about property sectors in the world.
The event, held at Abu Dhabi National Exhibition Centre, will see consultants, politicians, architects and developers rub shoulders to discuss construction, regulation and investment.
Organisers said the exhibition is already more than 85 per cent sold and will run alongside the Real Estate Finance and Investment Conference, featuring more than 100 speakers.
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