Abu Dhabi and Dubai Property Showcased At Cityscape 2008

Burnley, Lancashire, United Kingdom, 05/13/2008 - Cityscape Abu Dhabi 2008, the international place investing and networking event, is owed to open up today May 13 at the Abu Dhabi National Exhibition Centre and will run until May 15.

The Cityscape event conveys together regional and international investors, interior designers and designers, place developers, governmental government and senior executive directors involved in the designing and building of public and private development place for sale in Dubai, Abu Dhabi and across the United Arabian Emirates. The event is a cardinal day of the month in the calendar for Sandcastles-property.com arsenic Abu Dhabi is currently the 2nd biggest marketplace for place investing in the UAE behind Dubai. Sandcastles-property.com will be represented at the conferencing event by their new concern development director Simon Peter Young. "The Cityscape events pull a batch of investors, place people and media. We will be looking with involvement at new commercial and residential place developments in Dubai, Abu Dhabi and other Emirates to add to the sandcastles portfolio of place in the UAE," said Simon Peter Young. "Abu Dhabi is currently our fastest growth part for place investing in the Emirates, and together with Dubai do up the core of our business," added Simon Peter Young. The Cityscape event is now in its 2nd year, after attracting over 15,000 visitants to its inaugural event in Abu Dhabi last year. "Cityscape's introduction last twelvemonth surpassed all expectations. This twelvemonth we anticipate to pull more than than than 25,000 visitants from over 100 states with undertakings from more than 50 countries," said Mark Goodchild, Undertaking Manager, Cityscape Abu Dhabi Cityscape will also host the Cityscape Center East Real Number Estate Awards 2008, which will observe excellence in existent estate development and investing throughout the region. The prize-giving ceremonial will be held during a gala affair dinner on the first nighttime of the existent estate event (Tuesday 13 May 2008) at the Emirates Palace Abu Dhabi Cityscape Dubai 2008 is owed to take topographic point later this twelvemonth from October 6-9 and will have investing place for sale in Dubai.

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South Africa: Lack of Stock 'A Snag, Not Foreign Investors' - AllAfrica.com

Nick WilsonJohannesburg

THE South African commercial place industry demand not be too concerned about growing foreign investing in the sector because there is enough local investor involvement to maintain it buoyant, place economic expert Francois Viruly says.

The more than of import challenge for South African commercial place participants is to happen new marketplaces because of the deficit of supply of quality place stock in the local arena, he says.

This gives rise to the inquiry of whether the move to other marketplaces will affect investing in place in developed states or in developing markets.

One of the subjects of the 5th yearly place investing conference hosted by commercial place association Sapoa and Investing Place Databank last hebdomad was the issue of growing foreign investing in SA's place sector.

Viruly states what emerged as the conference, which was held from Wednesday to Friday, progressed was that the local commercial place sector necessitates to happen more than place stock.

"The South African place sector have the equity from investors. Bash we really necessitate that much more than equity from abroad investors? What we necessitate is a larger marketplace and if we can't turn our economic system substantially, the (commercial property) sector will look elsewhere. The inquiry is, make we travel to developing states or the developed world?

"I came to this conference with the thought that we should seek and acquire foreign investors here, and now I am leaving with the inquiry of where we should be going."

Viruly states South African listed place outputs have got fallen significantly over the past few old age with some listed place finances trading at outputs of below 5%.

With foreign listed place companies trading at similar yields, it do buying involvements in these abroad companies more affordable.

"I believe the other argument at the conference, and I believe the point was made a few times, was should we be looking into other marketplaces locally? Geographically, where make you go?

"Unless this economic system can begin growing at 7% to 8%, you run the hazard of investors saying this game is too little and looking to travel on and put in other markets," Viruly says.

Catalyst Fund Managers place analyst Alice Paul Isadora Duncan states although he holds investors will begin to look additional afield for investing chances purely because there is value in a batch of abroad markets, offshore marketplaces make not suddenly offer "boundless chances without risk".

"It is not as easy as people believe to simply get assets in Africa or eastern Europe. Looking at the more than developed economic systems such as as the US, Asia and cardinal Europe, these marketplaces are well established with important participants already well established," Isadora Duncan says.

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The South African listed place marketplace houses only about 15% to 20% of the country's commercial place assets as opposing to 80% inch Australia, he says.

This connotes there is possible for additional growing in the listed place sector from local place sources.

"If we could just acquire to about 40% of SA's commercial place assets, the listed place sector's marketplace capitalization would be approximately R200bn, which is about the same size of the listed place marketplace in Capital Of Singapore and one-half the size of Japan's."