The seventh edition of the International Real Estate and Investment Show (IREIS 2015) will showcase a diverse array of property investment opportunities within the UAE and worldwide, organizers Dome Exhibitions have announced.
To run from 29 to 31 October at the Abu Dhabi National Exhibition Centre (ADNEC), IREIS is the only dedicated real estate event that targets investors and end-users rather than trade visitors. The event is expected to attract an excellent mix of exhibitors and investors from the region.
IRIES 2015 will particularly spotlight the opportunities in the bourgeoning real estate markets across the Middle East, Europe and the Asia Pacific region through providing investors and visitors an ideal platform to meet with leading realtors, open up new business opportunities, and facilitate potential deals.
Leveraging this trend, IREIS 2015 will host a number of associated initiatives including an international conference, country-specific presentations, business networking meetings and investor exchanges to help regional and international investors gain a broad perspective on new market realities.
IREIS 2014 attracted 84 exhibitors from 22 countries and 4,306 visitors from over 75 countries. Additionally, the event facilitated close to AED400 million worth of deals during the exhibition.
Mr. Antoine Georges, Managing Director – Dome Exhibitions, Organizer of IREIS 2015 said: “Following the successful outcome of the previous editions, we are delighted to organize IREIS 2015, providing potential investors and buyers with a diverse range of investment options and invaluable insight into latest market trends. IREIS will convene at an ideal time for investors to enter the real estate market with the continuing shift in property prices working in favor of the buyer.”
Mr. Georges added: “Properties in most sought-after developments within the UAE are now available at attractive valuations offering strong profitability for investors. IREIS will spotlight attractive opportunities for long-term investors in other emerging markets that have hugely benefitted from the low interest rates.”
The UAE is home to a diverse mix of nationalities that make up 86 percent of the country’s population. Converging major regional and international exhibitors under one roof, IREIS will leverage expatriate interest also in the property market through showcasing a wide selection of properties at different price ranges in their home countries.
In addition, the event will tap into the strong demand in the local real estate market where the high population growth rates, which stood at an annual rate of 7.5 per cent between 2005 and 2014 according to the statistics from Statistics Center – Abu Dhabi (SCAD), has created an undersupplied residential market in the capital.
The financial stability of the UAE has witnessed signi¬ficant recovery after the impact of the global economic crisis. Investors in the UAE maintained their leading position in the region in transactions especially in terms of the sale and purchase of properties not only from the region, but across the globe.
The UAE government’s cooling measures in the past few years have been effective, leading the IMF, which earlier warned the UAE about its overheating real estate prices in Dubai, to back down from its concerns. According to IMF’s Middle East and Central Asia Department Head Masood Ahmed, price growth has noticeably moderated.
IREIS 2015 is supported by Abu Dhabi National Exhibitions Company (ADNEC), Abu Dhabi Chamber, Abu Dhabi events, along with local and international government investment houses.
DOME Exhibitions, organizers of IREIS 2015, hosts exhibitions in the emirate of Abu Dhabi to help UAE businesses extend their reach and enhance their visibility on the global marketplace.