Cityscape Abu Dhabi to Feature Sustainable Real Estate Model as Dubai Goes Global

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(ABU DHABI, UAE) -- Things are looking up for real estate in Abu Dhabi which is currently driving the industry in the UAE after a very bad year for everyone in 2009. But this time around no one is looking at selling properties that don't yet exist, the so-called off plan model.

Instead, the industry is trying to add value by providing a sustainable real estate model at the fourth annual Cityscape Abu Dhabi scheduled for April 18-21 at the National Exhibition Center in the UAE's capital. "By focusing on sustainable projects, cost controls and delivery targets, developers in Abu Dhabi have entered 2010 with cautious optimism," said Chris Speller, Cityscape Group Director.

"Abu Dhabi is now one of the most talked about real estate markets in the world. Like the property development industry globally, Abu Dhabi faces challenges and Cityscape Abu Dhabi provides a timely opportunity to assess where long term returns for real estate investment lie," he explained.

The engine for development is Plan Abu Dhabi 2030 that calls for $200 billion to be spent as the population quadruples to as much as five million. "The 2030 plan for Abu Dhabi includes a vast range of projects in energy, transport, industry, healthcare, education, and agriculture among others, which emphasises that government drives to improve infrastructure are the major growth areas," Speller said.

Just an hour north of Abu Dhabi by road, Dubai is fighting the downturn by using its international contacts to rebrand its well known Cityscape exhibition as Cityscape Global which will be held from October 4-7. "Cityscape Global is based on more than eight years of building business, trusted partnerships with global associations, bodies and real estate partners," said Rohan Marwaha, Managing Director Cityscape.

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