Global Economic Recovery to Dominate Cityscape Conference

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(DUBAI, UAE) -- Trends and recovery prospects for the global economy will head the agenda at the Cityscape Global Real Estate Investment and Development Conference with Sam Chandan, Global Chief Economist and Executive Vice President of Real Capital Analytics, delivering the keynote presentation.

Chandan who also teaches real estate at The Wharton School of the University of Pennsylvania will assess the economic outlook for 2011 and beyond, potential hotspots for investors, possible geographical shifts in world financial centers, and changes in ranking of the largest and fastest growing economies.

"In real estate markets, constraints on the availability of credit, certain government policies, and finite opportunities for liquid investors to acquire high quality, performing assets have delayed the global real estate market's return to full health," said Chandan.

The conference which runs with the Cityscape Global exhibition at the Dubai World Trade Centre from October 4-7 will also feature Ethan Penner, President CBRE Capital Partners, who will join a panel discussion about the changing role, dynamics, and future of private equity investment in global real estate.

"Many investors are going back to basics as they seek more certainty and stability in an attempt to ensure both a protection of principal as well as favourable returns.  The downturn has caused investors to reconsider their appetite for risk, and it seems that they are less likely to stretch for massive returns that are based on very optimistic assumptions and/or extraordinary risk-taking," said Penner.

Other topics to be covered at the conference include assessing the economic outlook for the Middle East, Dubai: Reconstructing and repositioning a global leader, and Developed versus Emerging versus Frontier markets: Assessing the opportunities and calculating risks. At the same time, Cityscape Global will also host the World Architecture Congress and the Retail City conference.

2010 is the ninth year that a Cityscape event will be held in Dubai. Cityscape Global is part of the largest business-to-business real estate investment and development brand in the world. More than 200 exhibiting companies and 38,000 participants from 115 countries attended last year.

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