Global Arab Network | UAE: Abu Dhabi to play key role in property sector’s regional recovery

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UAE: Abu Dhabi to play key role in property sector’s regional recovery

Monday, 15 February 2010 11:09

Real estate experts will discuss the potential role of Abu Dhabi in spurring a national and regional industry rally during the Cityscape Connect Abu Dhabi Business Breakfast scheduled for February 16, 2010 at the Radisson Blu hotel in Yas Island, Abu Dhabi.

Organized as a precursor to Cityscape Abu Dhabi, an international real estate investment and development event slated for April 18 to 21, 2010 at the Abu Dhabi National Exhibition Centre, Cityscape Connect starts a series of 'not for profit' activities aimed at stimulating discussions on key issues affecting the real estate industry. Masood Al Awar, CEO of TASWEEK Real Estate Development and Marketing, will deliver a speech on current industry trends, new investment and development opportunities in 2010 and beyond, and Abu Dhabi's steadily growing property sector.

Other prominent industry speakers include Heather Wipperman Amiji, CEO of Investment Botique LLC; Tara Marlow, Head of Property and Hospitality - Abu Dhabi, Al Tamimi & Company; and Gurjit Singh, COO of Sorouh Real Estate PJSC. "The potential for population growth and job creation along with steady demand make Abu Dhabi a good destination for medium- to long-term property investments. It is very important that we as industry members periodically come together and assess where we are, how we are doing, and what we plan to do in the future within this promising market. Cityscape Abu Dhabi is a very important event for our trade so it's essential that we prepare ourselves through activities such as Cityscape Connect so that we can maximize the opportunities that the show and the whole of 2010 will offer," said Al Awar.

Topics to be discussed during Cityscape Connect include a market overview and economic outlook for Abu Dhabi; its foreign direct investment advantages; the local economic diversification programme; the impact of the crisis on the local market; the Abu Dhabi 2030 plan; and investment and development prospects. The breakfast meeting will be followed by future functions such as cocktail receptions and golf tournaments which will offer light-hearted and yet valuable platforms for networking, exchanging information and understanding changing market dynamics.

Abu Dhabi's property sector is well-positioned to lead a regional recovery. High-profile developments such as Yas Island tie up well with other emerging growth sectors such as special events and tourism. Local projects have been planned and paced well, and the emirate's solid financial resources make for a good investment environment. TASWEEK, an advisor and solutions provider serving the Middle East real estate markets, is currently eyeing strategic location properties in Reem Island, Al Raha Beach, and Building Material City in Abu Dhabi as part of a new multi-million dollar property portfolio that will generate a return on investment of at least 10 per cent. TASWEEK Real Estate Development and Marketing is emerging as a one-stop shop for real estate and related services and marketing. Its products and services are tailored to specific customer needs and current market conditions.

TASWEEK's expertise covers Purchase and Sale of Strategic Assets Acquisitions; Asset Management; Joint Ventures and Strategic Alliances; and Marketing Consultancy. The company operates on the core competencies of networking and professionalism.

Global Arab Network

Extracted from "Corporate release"

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