9th Edition of IREIS 2017 Was a Record Breaker at the end of Day One, Organisers Report

Sarah George

The 9^th edition of the three-day International Real Estate & Investment Show 2017 (IREIS) began with a record breaking day one in Abu Dhabi today. IREIS 2017 showcased more than 180 projects of about 120 companies from the UAE, USA, UK, Canada, Egypt, Europe, Pakistan, and the Caribbean Islands.

The show was inaugurated by His Excellency, Khalifa Bin Salem Al Mansouri, Deputy Undersecretary, Department of Economic Development and his delegation.

IREIS 2017 presented investment opportunities in residential, commercial, retail and leisure sectors which drew tremendous response from investors and the leading participants got on spot booking for their projects, from investments ranging from USD 40 million to USD 52 million.

Some of the major participants at IREIS 2017 including G&Co Properties, Majid Al Futtaim, Sharjah Asset Management Holding, ARADA, FAM Holding, Danube, DAMAC, Tiger Properties and leading agents Dubai Properties and EMAAR. The show drew more than 5,000 quality visitors who are looking at investments locally and abroad.

Coinciding with the event was the Residency & Citizenship by Investment pavilion where international real estate experts presented various potential investment options and answered queries on real estate investment abroad. IREIS also hosted a panel discussion- ‘International Residency & Citizenship Conference 2017’ where some of the leading experts such as Arton Capital, CS Global Partners, Apex Capital Partners, Chetcuti Cauchi, SKIPA and Invest Turkey talked about opportunities of procuring residency permits and citizenship in these countries through property investment.

Guests were also privy to the International Investment Meet that saw the participation of representatives from Cyprus, Malta, St Kitts, Portugal, Greece, Grenada, St Lucia, Antigua & Barbuda, Spain, and Dominica.

IREIS 2017 also launched the Panel Discussion on Abu Dhabi & Dubai Real Estate Market Outlook 2017- 2020 which took an in-depth look at the buying behaviour of UAE’s residents into residential properties, investment trends, buyer profile and factors that influence their decision before investing in local real estate opportunities.

Dubbed as the wolf of real estate, Mr. Mohanad Alwadiya CEO of Harbor Real Estate and Advisor at the Dubai Real Estate Institution made an appearance at the event, and engaged with visitors and exhibitors alike. “I am so happy IREIS is back given that it is the oldest real estate and investment show of the nation. It has made a comeback at an important and strategic moment in time as 2017 is the year for capturing opportunities before 2018 and 2019 that leads up to Expo 2020”.

“I am highly impressed with the positive feedback garnered from the Residency & Citizenship by Investment Expo Pavilion, the conferences it hosted and its exhibitors. In addition the variety of exclusive special offers, discounts, added values, payment plan schemes that were available only during the three-day show were truly unrivalled. I also found the timing and duration of the exhibition to be relevant. Unlike most real estate exhibition, it is occurring during the weekend making it ideal for buyers and families that can utilise the unique opportunities the show presents itself with”.

IREIS 2017 is an annual show that presents investment and citizenship avenues for high net worth and wealthy individuals who intend to invest in international real estate, and premium luxury properties. Regarding the recent interest in international investment, Antoine Georges, Managing Director of Dome Exhibitions, Organisers of IREIS 2017 said, “UAE’s residents are increasingly looking for good realty investment opportunities abroad. Due to the lull in the UAE real estate market, investors are exploring new avenues to invest in. Factors behind investing in international properties are the appreciation in value, end use or rental earnings, and the citizenship opportunity it presents itself with”.

Record low interest rates, easy monthly payment plans, direct B2C engagement, and a diverse portfolio of a range of projects have been cited as the factors behind the fuelled growth of the real estate show. “The UAE Market is currently showing an upward trend in the last quarter of 2017, making it a desirable location for inward investments. In addition, the Expo 2020 is a catalyst in the real estate market that is attracting investments from all over the world,” added Mr. Georges.

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