Real Estate Industry News
Stability returning to real estate market
Wednesday, 21, April 2010
A sense of stability is returning to the real estate investment market supported by a government-led infrastructure programme but it will take time to become fully established, according to senior executives of three of the top Abu Dhabi master developers with multi-billion dollar projects on their books.Mid-range residential rental and the retail property sectors were identified as having the greatest investment potential during a high level investment and finance panel debate at the Cityscape Abu Dhabi conference.
On the panel were: John Bullough, CEO of Aldar Properties, responsible for projects such as Yas Island, Al Raha Gardens and the Ferrari World theme park; John Thomas, Executive Director of Mubadala Real Estate and Hospitality, with key projects such as Sowwah Island, Arzanah and the Mina Zayed Waterfront; and Gurjit Singh, Chief Operating Officer of Sorouh Real Estate, with projects that include Lulu Island, Shams Abu Dhabi and Al Ghadeer on the Abu Dhabi-Dubai border.