Next edition of IREIS to be 50 percent bigger

"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.

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.

"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.

"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".

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 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.