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Next edition of IREIS to be 50
percent bigger
2007 edition ends on a positive note
Abu Dhabi, 25th March, 2007
Organisers of IREIS 2007, the 3rd edition of the
Abu Dhabi Real Estate & Investment Show which
ended yesterday at the Abu Dhabi National Exhibition
Centre, expect next year’s edition to increase
in size by at least 50 percent.
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“Based on feedback
from exhibitors at the 2007 edition who have
committed to return as well as other enquiries
we have received for next year, we expect
IREIS 2008 to be held in February 2008 to
cover an area of approximately 9,000 square
metres” said Antoine Georges, Director
of Dome Exhibitions, the organizers of the
show.
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IREIS
2007 took place 21st to 24th March under the
patronage of His Excellency Dr. Sheikh Sultan
Bin Khalifa Bin Zayed Al Nahyan, Member of
the Abu Dhabi Executive Council. 52 exhibitors
participated at the show which occupied an
area of over 6,500 square metres, marking
a 100 percent increase over exhibit space
from the previous edition in 2006.
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“Exhibitors
and visitors have been appreciative of the
show’s format as IREIS as is targeted
at the final consumer rather than at trade
visitors. We received over 6,500 visitors
this year who were at the exhibition to evaluate
the options on offer and make property purchases”
noted Antoine.
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“Exhibitions provide
a mirror to the sector that they focus on
and IREIS is the ideal window to the booming
real estate market in Abu Dhabi in particular
as well as elsewhere in the UAE”.
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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.
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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.
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| The exhibitors
at IREIS 2007 included 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 presented their range
of real estate financing packages.
Sorouh Real Estate, Profile
Properties, Al Rayan Investments, ADCB and First
Gulf Bank were the show's main sponsors.
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“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.
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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.
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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”.
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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.
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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
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| Sorouh Real Estate,
Profile Properties, Al Rayan Investments, ADCB
and First Gulf Bank are the show's main sponsors
this year. |
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