Exhibitors participating at the third edition
of IREIS 2007 (Abu Dhabi Real Estate & Investment
Show) have reported an excellent turn out of visitors
and brisk sales of villas and apartments at the
show.
|
IREIS 2007 was inaugurated
yesterday by His Excellency Dr. Sheikh Sultan
Bin Khalifa Bin Zayed Al Nahyan, Member of
the Abu Dhabi Executive Council. 47 exhibitors
are taking part at Abu Dhabi’s premier
property show showcasing prime investment
opportunities to investors in the UAE capital.
|
IREIS
2007 is being held the Abu Dhabi National
Exhibition Centre and will conclude on Saturday,
24th March. The show is expected to draw hundreds
of potential buyers of property over the next
couple of days.
|
Guy
Sadler, Head of Marketing at Profile Group
Properties, developers of Marina Heights 1
and 2 on Al Reem Island said: “We are
extremely pleased with the sales we have achieved
at the show. We sold 42 properties on Day
1 and received several other firm orders,
which we hope to convert into sales over the
next couple of days of IREIS”.
|
Sadler also mentioned
that buyers of properties at the Profile Group
stand, included UAE nationals, British and
Scandinavian expatriates as well as Asians.
Encouraged by the response at the show, Profile
Group also unveiled a special promotion under
which every visitor to the Profile stand gets
the chance to enter a lucky draw with a grand
prize of a Yamaha Jet Ski Wave Rider. Buyers
of select apartments at Marina Heights 2 will
also receive a voucher entitling them to a
fantastic special offer running into thousands
of dirhams.
|
Hussein
Hammouri, General Manager, Mumtalakat Real
Estate, was hugely impressed with the quality
of visitors at the show. “We have received
a great return on our investment from our
participation at IREIS 2007. Nearly 20 percent
of the apartments at our recently unveiled
Manazil Tower 2 project have been sold”.
Manazil Tower 2 is a leasehold tower consisting
of 269 apartments over 34 storeys in Sharjah.
|
Luxury
Real Estate which launched Mangrove Place
located on Reem Island at IREIS 2007 yesterday,
also managed to notch impressive sales of
units at the development.
|
“We have
received phenomenal response from visitors to
our stand. The appeal of the Mangrove Place lies
in the fact that these waterfront properties come
with balconies and terraces, and we are backing
this up with affordable prices and competitive
payment terms” said Ausama Zubaidi, Chief
Executive Officer of the company.
|
“For a
project that is in an initial phase, we are delighted
at the response and fully anticipate that the
level of interest that we have generated will
continue” said
Jane Woods, Business Development Director of LLJ
Property, the exclusive sales agents for Mangrove
Place.
|
Mohamed Abdel
Kader, Branch Manager, Habiba Real Estate, noted
that the Abu Dhabi market held out promising potential
and the company received several enquiries at
their stand. “I am pleased to see the turnout
of visitors as well as the actual sales that have
resulted”, he said.
|
Abdullah Ali,
Sales and Marketing Manager, QP International,
an Al Qudra company said: “There was a large
turn out of visitors in the evening hours and
we received several enquiries about our recently
launched Eye of the Emirates project”.
|
IREIS 2007 occupies
an area of over 6,500 square metres and in line
with the vibrancy in the UAE capital’s real
estate environment, the show has doubled in terms
of exhibit space from last year’s edition.
|
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 Real Estate,
Profile Properties, Al Rayan Investments, ADCB
and First Gulf Bank are the show's main sponsors
this year. |
| |
