Exhibitors at Abu Dhabi's premier property expo showcase prime real estate opportunities in the UAE capital
Abu Dhabi, 21st March, 2007: His Excellency Dr. Sheikh Sultan Bin Khalifa Bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council inaugurated the third edition of IREIS 2007. 47 exhibitors are taking part at Abu Dhabi's premier property show showcasing prime investment opportunities to investors in the UAE capital. IREIS 2007 will take place over the next four days at the Abu Dhabi National Exhibition Centre.
Stating that the exhibition was a prime opportunity for property buyers to capitalise on the exciting projects in the UAE capital, HE Dr. Sultan said that Abu Dhabi was today one of the most dynamic business destinations in the region. "The aggressive economic diversification programme of the Abu Dhabi government has opened up diverse opportunities and real estate is one of the key sectors on the government's diversification agenda. Measures undertaken over the last few years to liberalise the property market and boost investments in the sector have made Abu Dhabi a very attractive destination for real estate development".
47 exhibitors are taking part at IREIS 2007 and the exhibition occupies an area of over 6,500 square metres. In line with the vibrancy in the UAE capital's real estate environment, the show has doubled in terms of exhibit space since last year's edition.
"IREIS 2007 is a platform for investors and real estate providers to interact and conclude deals directly and is focussed on the final consumer rather than members of the trade community" said Antoine Georges, Director, Dome Exhibitions, the organiser of the IREIS 2007.
Since mid-2004 projects with a total value of more than AED 380 billion have been announced in Abu Dhabi. These include The Quay, Yas Island, Saadiyat island, Al Raha Beach, Danet Abu Dhabi, Najmat Abu Dhabi, Shams Abu Dhabi and Capital Centre.
According to the Abu Dhabi Chamber of Commerce & Industry, Abu Dhabi will see AED 500 billion being pumped into real estate investments and the emirate's construction and real estate investments are expected to contribute AED 40 billion to the emirate's GDP in 2007.
The exhibitors at IREIS 2007 include master developers such as Sorouh Real Estate, Al Qudra, Tamouh Investments, Falcon City of Wonders and Manazil Real Estate, property development companies such as Profile Group Properties, Hydra Properties, Aztec Propeties, real estate agents MAS Real Estate, Sherwoods, Vista Real Estate and Royal House Real Estate. ADCB and First Gulf Bank will present their range of real estate financing packages.
Sorouh is accepting bookings for the Sky Tower, Tala Tower, Golf Gardens and Shams Abu Dhabi projects at the show. Investors can also purchase properties in Marina Heights located on Al Reem Island, Hydra Village near Shahama, Hydra Towers in Business Bay and Downtown Tower in the Burj Dubai district. A host of other projects are also on offer at the show.
Sorouh Real Estate, Profile Properties, Al Rayan Investments, ADCB and First Gulf Bank are the show's main sponsors this year.
-Ends-
Maya Siblini
Project Manager - IREIS 2007
Ph: 009712 6744040
Fax: 009712 6721217
Email: maya@realestateshow.ae
Website: www.realestateshow.ae
Brian Carvalho
ASDA'A Public Relations
Ph: 009712 6334133
Fax: 009712 6334233
Email: b.carvalho@asdaa.com
© Press Release 2007
