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His Excellency Ali Majed Al Mansoori, Member of Abu Dhabi Executive Council and Chairman of Department of Economic Development (DED), Abu Dhabi Quality and Conformity Council (QCC) and Abu Dhabi Airports Company (ADAC) will inaugurate the sixth edition of International Real Estate and Investment Show (IREIS 2014) on 20 November at the Abu Dhabi National Exhibition Centre (ADNEC), offering a host of associated events including an international conference, country-specific presentations, business networking meetings and investor exchanges.
The announcement was made today during a press conference hosted by event organisers Dome Exhibitions at the Beach Rotana Hotel in Abu Dhabi.
To run from 20 to 22 November, 2014, IREIS 2014 is set to provide a snapshot into property markets in the Middle East, Europe and the Asia Pacific region. In addition to highlighting investment opportunities and facilitating potential deals in key international markets, industry experts attending the event will update visitors on the latest developments in the real estate market and the best time to purchase properties.
Featuring leading exhibitors from more than 20 countries, IREIS 2014 is expected to attract 10,000 visitors including major investors and high net worth individuals during its three-day run. The event gathers key investors, developers, financiers, property advisors, real estate consultants, architects as well as regional and international investment promotion authorities related to the real estate sector. It also seeks to leverage the strong expatriate presence in the UAE.
Addressing the press conference, Antoine Georges, Managing Director, Dome Exhibitions Company, said: "In organising this event, we look forward to facilitating potential investment deals in the real estate sector. Amid the growing convergence of local and international real estate markets, we are confident IREIS 2014 will offer a brighter prospect for the realty sector. The UAE is home to a diverse mix of nationalities that make up 87 percent of the UAE population. Given this demographic, we will leverage expatriate interest in property market by inviting leading companies to showcase a wide selection of properties at different price ranges.”
On this occasion Humaid Matar Al Dhaheri acting group CEO of ADNEC said: “The International Real Estate and Investment Show is an important event that connects investors with the best real estate market opportunities. In close collaboration with the event organisers, we are committed to making this event a success, as the regional and global estate market continues to evolve.
We welcome international leaders, ministers, experts and specialist from the real estate industry to Abu Dhabi and hope that the event stimulates growth and investment activity.”
On the opening day of the event, an international conference will provide critical information on a range of topical real estate investment issues. The full day conference will be headlined by key speakers from Al Hilal Bank, First Gulf Bank (FGB), Tourism Development and Investment Company (TDIC), Abu Dhabi Finance, Morningside, CBRE Middle East, ae7 and KEO International Consultants.
Dr Hani Shammah, Managing Director of Morningside, who will chair the conference said: “IREIS and the accompanying conference will be an important event to provide investors as well as other stakeholders in the real estate industry with an ideal opportunity to explore the latest industry developments within the UAE and abroad. It will also generate a lot of valuable discussions and provide a unique platform for making profitable business opportunities“.
Nick Maclean, Managing Director, CBRE Middle East: “The overall market fundamentals in the UAE have significantly improved and the economy of the Emirates has witnessed robust growth in recent times. On the back of this positive growth, real estate assets continue to attract significant interest from local and international investors. The Government recognises the need for making the capital a more attractive destination for international guests and resident workers alike. Therefore, emphasis is being placed on the creation of more integrated mixed-use developments and the continued expansion and improvement of infrastructure facilities. This will in turn drive more interest from buyers in the capital.”
“Abu Dhabi’s residential market, in particular, has seen strong demand for housing requirements emanating from major corporate clients with bulk deals arising from the medical, educational, and hospitality sectors to house employees remains a key source of overall residential demand in the capital.”
DOME Exhibitions, organizers of IREIS 2014, hosts exhibitions in the emirate of Abu Dhabi to help UAE businesses extend their reach and enhance their visibility on the global marketplace.
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