Real estate show sees growth in demand

18.11.2014
The  International Real Estate and Investment Show is set to kick off on Thursday at the Abu Dhabi National Exhibition Centre with 80 exhibitors from 20 countries. Organisers of the International Real Estate and Investment Show (IREIS) are ready to re-start the event, which was stopped after the recession.
The sixth edition of the show is set to kick off on Thursday at the Abu Dhabi National Exhibition Centre (Adnec) with 80 exhibitors from 20 countries showcasing residential units for lease and sale in their respective countries.
At a press conference held on Monday, organisers said they had been waiting for years for the property market to pick up, adding they find the market in good shape now.
“The real estate market was affected by the financial crisis, but now the market is prospering and ready for this event. Plus, prices are reasonable and have not yet hiked up like they did in 2008 and 2009,” said Antoine Georges, managing director of Dome Exhibitions Company, the event organiser.
Speaking to Gulf News, Georges said the residential market has been picking up slowly but steadily.
“[The residential market] reflects the performance of the economy. A lot of investors want to diversify away from the stock market and into real estate, and it’s a very good time to purchase. There’s a lot of interest from people who want to purchase whether in the UAE or in their home countries,” he said.

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