A daily seminar on the real estate sector will be organized during the upcoming IREIS 2009 real estate and investment show due to be held in Abu Dhabi in January.
The seminar will cover the latest developments in the real estate sector in the UAE and at regional and international levels, said Dome, which is organizing the January 27-29 exhibition under the patronage of H.H. Dr Sheikh Sultan bin Khalifa bin Zayed Al Nahyan at the Abu Dhabi National Exhibition Centre.
"Dome decided to hold this seminar on a daily basis during the exhibition given the importance of discussing such a subject by experts and chief executives of major property developers in the UAE and the region," said Antoine George, Executive Director of Dome.
"This will allow all participants to get acquainted with the latest developments in this vital sector amidst the current global financial crisis, which was triggered by the US Sub-prime problem and has largely affected the world economy." George said several property developers have confirmed their participation in IREIS 2009 as they realize the importance of this event and its timing. He added that the majority of the exhibition area has been booked.
"This show and the accompanying seminar are of utmost significance at this time for all those concerned with the real estate sector, mainly property developers, contractors, suppliers and others." George referred to the recent measures taken by the UAE to ensure sufficient liquidity to local banks and to mergers among real estate financing companies, which he said would make them more capable of dealing with financing requirements in this important sector in the coming stage.
"News about an expected growth in liquidity in the first quarter of 2009 will give a strong push to the financing activities in the real estate sector in Abu Dhabi and the whole UAE the recent correction in the real e state sector has created significant investment opportunities, which will be underscored during IREIS 2009," George said.
"IREIS 2009 will be an opportunity to see the latest projects in the real estate sector in the UAE and the entire region," Dome said. "Through this strong participation by many companies, the event is expected to be an ideal place for signing major property deals given the fact that this show is the first event specialized in finalizing deals between property developers, investors and end users."
