Dubai property event will ‘focus on reality’
Dubai, July 18, 2009
With tumultuous international circumstances having taken their toll on the Middle East’s most liberalised economy, an upcoming property event will provide the platform to focus on reality, according to leading industry experts.
The eighth edition of Cityscape Dubai 2009, a major business-to-business real estate investment and development event, will take place from October 5 to 8 at the Dubai International Exhibition and Convention Centre.
“There’s no escape from the fact that this year we will be meeting under very different circumstances,” said scholar, investor and author Dr Christopher M. Davidson.
“We are living in a fast changing world, the very foundations of which have been rocked and will continue to be buffeted by unprecedented economic turbulence,” added Davidson, author of Dubai: The Vulnerability of Success, and a keynote speaker at the Cityscape Dubai conference.
Times of volatility will eventually be over, according to Davidson.
“The growth and vision that has accompanied the rise of this astonishing city is nothing short of phenomenal,” he said. “And that same energy will find a way forward, paving the way for Dubai’s next chapter.”
In 2008, the Cityscape Dubai attracted 80,297 participants and 954 exhibitors.
“Clearly, while it is still far too early to make accurate forecasts, we are not anticipating the same level of participation,” said Chris Speller, Cityscape Group director.
“Like the rest of the world, the real estate investment business in Dubai and the region has had a reality check,” Speller added. “We are now seeing the emergence of more measured, more transparent business models. While considered decisions may take away some of the market dynamism, that is probably no bad thing at this present time.
“With a return to real market values Cityscape Dubai, like its sister event in Abu Dhabi, will return to its roots free from amateur investors and speculators. As such Cityscape Dubai 2009 will be truly business-to-business and the definitive platform with the greatest influence on the real estate industry.”
Alongside the main Cityscape Dubai event is the World Architectural Congress from October 5 to 7, at which some of the world’s most respected architects and visionaries will share with their experiences and outlook on architecture in a global recession.
The Cityscape Dubai Facilities and Asset Management Conference is on October 4 to 8, attracting delegates in the design, build and post-occupancy of buildings. There will also be a Cityscape Dubai “Green Day” on October 7, which will focus on environmental and energy issues. – TradeArabia News Service