April 22, 2010
Due to the support from a government-led infrastructure program, the real estate market is now acquiring stability again. But, according to senior executives of three of the top Abu Dhabi master developers with multi-billion dollar projects on their books; it will still take some time to be fully established.
At the Cityscape Abu Dhabi conference, in a finance panel debate it has been noticed that the highest investment potential is in the mid-range residential rental and the retail property sectors.
The CEO of Aldar Properties, John Bullough who is behind the projects as Al Raha Gardens, Yas Island and the Ferrari World theme park; the Executive Director of Mubadala Real Estate and Hospitality, John Thomas, associated with projects like Arzanah, Sowwah Island and the Mina Zayed Waterfront; and the Chief Operating Officer of Sorouh Real Estate, Gurjit Singh, whose works include Shams Abu Dhabi, Lulu Island and Al Ghadeer on the Abu Dhabi-Dubai border were some of the panel members.
Till 21 April 2010, Wednesday, many more inclusive and open debates will be held at the conference alongside Cityscape Abu Dhabi, at the Abu Dhabi National Exhibition Centre. The debate will be on the topic “the future of real estate investment regionally and internationally”.