The Big 5 Exhibition Shows Positive Signs for UAE Real Estate Sector

The Dubai World Trade Centre will soon be enlightened by the Big 5, the leading construction and international building show which is all set to take place starting from November 23-26, 2009. This is one of the largest events of its kind where various contractors, engineers, developers and architects will be given a platform in order to specify their real estate products and constructions. The developers both from the private and public sectors can network their real estate construction works. Moreover, the exhibitor space has already increased and pre-registrations are at record levels, the organizers of the event are expecting positive signs for recovery of the construction industry in the UAE.

The Director of the show, Paula Al Chami said: “The Big 5 exhibition is somewhat of a barometer for the construction industry and we are extremely positive that business is starting to stabilize. We seem to be bucking the trend of some other trade shows, which has been reflected in the increased floor space, and the right level of industry people signing up. Clearly, this has been a year of a slow down in growth in construction, but it seems that The Big 5 is coming at just the right time, as the industry is starting to look forwards again and will be able to put a considerable amount of speculation to rest.”

As of now, visitors from over 70 countries have signed in to attend the show. This time it is expected that the show will be 15 times bigger than it was last year in 2008. It has grown to the level of new hall constructions at the venue. Dmg research has shown that despite of the global downturn, the real estate industry in the Middle East will keep on budding at an annual rate of 3.5 percent in the next 5 years.