H. H. Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, affirmed today while opening the 8th Cityscape Dubai 2009, one of the most talked about exhibitions dedicated to the real estate industry.
This environment, he said , acts as a magnet for attracting major international companies to the UAE.
Sheikh Hamdan expressed his confidence in the resilience and vibrancy of the national economy which is based on the sound vision and directives of Vice President and Prime Minister of the UAE and Ruler of Dubai H. H. Sheikh Mohammed bin Rashid Al Maktoum.
After cutting the traditional red ribbon, Sheikh Hamdan took a tour of various stands of the exhibition, updating himself with the latest developments in sectors of real estate, tourism, housing, hospitality and leisure.
Cityscape Dubai consists of a four day exhibition featuring the most significant real estate investors, developers and service-led firms.
In a reflection of the changed market conditions, this year the organisers say exhibition space is down about 30% on previous record years with total participant numbers forecast to be about 20% lower.
The Cityscape Dubai conference runs alongside the exhibition and focuses on global real estate investment and development issues with a panel of international speakers. In addition, the Cityscape Dubai Facilities and Asset Management Conference has attracted delegates in the design, build and post-occupancy of buildings.
The major institutional investors, master developers, high net worth individuals and senior real estate professionals attended the opening ceremony.
