90% of IREIS 2009 space reserved by real estate companies

Dome Exhibitions will organize the January 27-29 Abu Dhabi Real Estate and Investment Show - IREIS 2009, to be held under the patronage of H.E. Dr. Sheikh Sultan bin Khalifa bin Zayed Al Nahyan.
"Property companies from the UAE and other countries of the region are now vying to grab the remaining area of the exhibition," Dome Exhibitions said.

"The fifth IREIS edition, which coincides with a construction upsurge in the UAE in general and Abu Dhabi in particular, will be a chance for major real estate developers from the region and the whole world to view the latest investment opportunities in this sector."

The Show will attract such major property companies as Tameer; the platinum sponsor of this event, Sorouh, Aldar, Al Qudra and Hydra.
According to real estate sources, property projects worth nearly Dh1.2 trillion are being carried out in the UAE, including Dh300bn in Abu Dhabi alone.

They noted that the real estate sector has become a major contributor to the country's gross domestic product given its rapid growth over the past years.

The sources expected sustained growth in demand for housing units in Abu Dhabi and other UAE emirates in the light of the economic and social boom through which the country is passing.

"The 2009 edition of the exhibition will be an opportunity to view the major projects being carried out or planned in the UAE and the region given the wide participation by major property companies as well as finance firms, banks and real estate brokers...this means this show will be a significant platform to finalize large deals in this sector," Dome Exhibitions said.

It said many real estate companies from the UAE and other Gulf countries have confirmed their participation and booked large spaces in the exhibition, adding that this demonstrates their strong interest in the event.

Besides showcasing their products, the participating companies will present their current projects and future investments.

"This means the event will present an important opportunity to national and expatriate investors to see those projects and future plans in this sector,"

Dome Exhibitions said.

"There is a strong interest from many investors and companies to take part in this event as is evident from their planned participation in national pavilions that will constitute an umbrella for companies from the same country, including those from Egypt, Morocco and India."

"We are confident that this event will be a good chance for all exhibitors and investors to present their projects and this in turn will contribute to further expansion in this sector and achieve the interests of all concerned parties."