RAKAA Properties to showcase masterplans of its smart technologies-equipped towers at IREIS 2008

The event set to be held 30 January to 2 February 2008 at the Abu Dhabi National Exhibition Centre will be under the patronage of His Excellency Dr. Sheikh Sultan Bin Khalifa Bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council.

More than eighty-three exhibitors from eleven countries will participate in Abu Dhabi's premier annual property show, representing the KSA, Qatar, Kuwait, Spain, Cyprus, Germany, the UK, the USA, Malaysia, and Austria, in addition to the UAE. The organizers have announced that more than 95 percent of the exhibit space has been contracted. IREIS 2008 will occupy an exhibit space of 10,000 square metres, a 45 percent increase over last year's show.

Commenting on this participation, Dr. Abdulraman Al-Tassan, CEO of RAKAA Properties, said, "Our participation in IREIS 2008 is consistent with our efforts to add value to the property market. Our projects have captured the investors' interest, due to the exemplary reputation and credibility RAKAA has established in the architecture and property sector, and its track record of state-of-the-art developments being developed in accordance with the highest international standards, with strict commitment to meeting delivery deadlines."

"We will display masterplans of our signature smart towers on Al Reem Island, Marina Tulip Tower, the Dynasty Tower and the Falcon Crest Tower, that reflect RAKAA's out-of-the-box approach to providing state-of-the-art development, with the aim of redefining the boundaries of creative design and optimum functionality in the property market. Sales of the Dynasty Tower and the Falcon Crest Tower will be completed in cooperation with Cornerstone, the exclusive sales and marketing agent for these towers. We have received a great number of inquires from clients, and are looking forward to benefitting from the opportunity the show presents to further communicate with them".

IREIS 2008 is a major event for master developers, property development companies, real estate agents and major financial institutions. IREIS 2007, held in early 2007, had 52 exhibitors taking part, occupying an area of over 6,500 square metres. This marked a 100 percent increase over exhibit space from the 2006 show. This year there is additional 3,500 square metres of exhibit space. The show is projected to conclude sales transactions and investment agreements to the value of over $2 trillion.