ABU DHABI, 21st June, 2018 (WAM) — UAE-based International Real Estate and Investment Show, IREIS, is set to bring the biggest local and international names in the real estate and property investment industry to the UAE’s capital. Scheduled to be held at the Abu Dhabi National Exhibition Centre, ADNEC, from 1st to 3rd November, 2018, the show will be a one-stop shop for global investors who seek real estate investment opportunities in the UAE.
The 10th edition of the show, a B2C sales and networking platform where spot sales are permitted, is bringing leading local and foreign real estate developers and agents under one roof will reflect the attractiveness of UAE’s real estate sector and will attract investors from various parts of the world.
The show is expecting over 125 high-end exhibitors and more than 12,000 visitors. To give a greater value to the exhibitors and visitors, the associated events that will complement the main IREIS Abu Dhabi 2018 are ‘International Real Estate Conference’, ‘Citizenship & Residency Expo’ and the ‘Global Investor Meet’.
Commenting on the announcement, Antoine Georges, Managing Director of DOME Exhibitions, said, “Despite slow and gradual pace of UAE real estate market, investors have faith in the emirate based on Abu Dhabi’s reserves, government economic stimulus and affordable inventory. It was reflected in our in-house data of UAE and foreign real estate companies. Higher oil prices have provided added stimulus to the market and boosted investor confidence.”
Deloitte’s Middle East Real Estate and Construction 2018 report said, “Dubai has developed a business friendly legal and regulatory environment. The Heritage Foundation’s 2017 Index of Economic Freedom ranked the UAE as the 8th most free economy in the world, calling out efforts to strengthen the business climate, boost investment and foster the emergence of a more vibrant and diverse private sector. This has allowed Dubai to build globally competitive economic sectors including finance, logistics, maritime and tourism. The growth in these sectors in Dubai will continue to drive demand across the real estate market, including office, residential, retail, hospitality, industrial and logistics uses.”
Dubai remains an attractive destination for investors with safe return on investment, as figures released by Dubai Land Department showed that 13,759 real estate transactions worth AED58 billion were recorded in Q1 2018.
In 2017, the International Real Estate and Investment Show attracted $US220 million (AED807 million) worth of investments with 110 exhibitors from 24 countries and 8600 visitors from 75 countries, with the presence of major exhibitors.