The sixth edition of the International Real Estate and Investment Exhibition «IRIS 2014» has concluded concluded its work at the Abu Dhabi National Exhibition Center, with significant local, regional and international participation, which confirms the return of real estate activity in Abu Dhabi began to return strongly, which was opened by His Excellency Ali Majid Al Mansouri, Chairman of the Department of Economic Development and member of the Executive Council of the Emirate of Abu Dhabi, where he stressed that the giant projects implemented by the Emirate of Abu Dhabi in the fields of infrastructure, industry, tourism and aviation promote the recovery of the real estate sector.

Amlak Real Estate Newspaper participated in the activities of the exhibition and met with its customers and conducted a number of dialogues and meetings with the participants in the exhibition's work, and also presented its experience in the field of real estate documentation to the participants.

Huge projects
Ali Majid Al Mansouri, Chairman of the Department of Economic Development and member of the Executive Council of Abu Dhabi, told reporters after inspecting the exhibition that he is optimistic about the conditions of the real estate market in Abu Dhabi, pointing to the need to organize various real estate conferences that are not necessarily large from time to time to know the developments in the market.

He pointed out that the mega projects implemented by Abu Dhabi are an important tributary to strengthen the real estate sector. «The day before yesterday, Yas Mall, the largest mall in Abu Dhabi, was opened, and we have large and giant projects that will be opened until 2017, including airport projects and the Louvre Museum, in addition to other giant projects.»

During his inspection tour, he pointed out that the Abu Dhabi market includes many promising investment opportunities, and expected a qualitative leap for the real estate market due to the imminent completion of the infrastructure work of Saadiyat Island, the construction of Abu Dhabi International Airport and the Louvre Museum.

More than 80 major companies

The list of exhibitors includes more than 80 of the largest real estate companies in the country and the region, in addition to a long list of new participants from more than 20 countries and nearly 10,000 visitors, including major investors and a large number of wealth and capital holders in the region and the world.

Manazel Real Estate is participating in the event. <Manazel Real Estate Company is participating in the exhibition with a huge pavilion displaying its latest real estate project, Al Reef 2. Hassan Fahmy, CEO of the company, confirmed that the company has sold all the villas of the first phase of Al Reef 2, which represents 60% of the total number of 830 villas in the project. The company is offering the second phase of the project.

which represents about 400 villas at prices ranging between 1.7 and 1.8 million dirhams, pointing out that the company has offered payment facilities with several banks, and the buyer pays the full amount of the villa in installments until the delivery date in 2017.

In January, the company will start construction work on its new project Al Reef 2, which it expects to be completed by the end of 2017.

He explained. <He explained that the company has succeeded in cooperation with some banks in facilitating mortgage loans for those wishing to book villas in the project. He emphasized that Abu Dhabi is witnessing a strong demand for housing requirements from major companies, as wholesale deals resulting from the educational, medical and hospitality sectors to house their employees continue to be a major source of demand for residential units in the capital.

He explained that the company has succeeded in facilitating some banks to facilitate mortgage loans for those wishing to reserve the villas of the project.

Real estate offers and products

<The exhibition witnessed several real estate offers from several local and international exhibitors, where Green Valley Company showcased its projects in Dubai and Fujairah at its booth at the exhibition. CEO Ashraf Rafei explained that the company offers two towers in Dubai Marina and Sports City in Dubai, in addition to villas in the Dana Island project in Fujairah, which includes about 358 villas.

He explained that the company offers several real estate offers from local and international exhibitors. He explained that the company offers attractive prices for the units of its projects, which are paid interest-free over 24 months, noting that the company will deliver the Dubai Marina tower within 6 months and prices range between 1.3 and 2.2 million dirhams.

He pointed out that the company is witnessing an increase in the number of villas in the Dubai Marina area. <He noted that the company is witnessing a great demand for its projects in Dubai due to the freehold policy established by the Emirate of Dubai transparently, expecting the company to enter the Abu Dhabi market strongly in the event that the emirate expands the freehold areas.
Wahat Al Zawiya also showcased at its stand some of its projects in the Al Faqaa area at the entrance to Al Ain city.
Khaldoun Mohammed Saleh, General Manager, confirmed that the company has completed the settlement of more than 70% of its project area and about 70% of the available lands in the second phase have been sold and there are still 700 plots out of a total of 6,000 plots promoted by the company, explaining that the company will start delivering the project lands after the completion of its infrastructure in early 2016. The lands of the company's project are located in the strategically located Al Faqaa area on the Dubai-Al Ain road.
Abu Dhabi's Profile Real Estate has showcased its residential towers in the Marina Square project on Al Reem Island. Jay Sadler, CEO of the company, confirmed that there is a growing demand for real estate purchases and rentals in Abu Dhabi. He explained that the price per square meter in the Marina Square project on Reem Island rose from 1,000 dirhams to about 1,400 dirhams.
The rents of residential units in the project's towers increased by as much as 20% compared to last year, which confirms the vitality and strength of the Abu Dhabi real estate market.
He pointed out that the return on investment in the real estate sector in Abu Dhabi is currently excellent, pointing out that the investor may get the amount he paid in owning the unit after renting it within a period of 7 to 10 years, which is very good.
Nahas Alian Al Makhlafi, CEO of the company confirmed that the company will strongly enter the real estate sector in the UAE through the Emirate of Dubai first, where it is currently negotiating to buy a plot of land to build a tower and a five-star hotel at an estimated cost of 800 million dirhams and we hope to enter Abu Dhabi in the future.

The company also participated in the exhibition in Saudi Arabia. <Strong participation
Antoine Georges, General Manager of DOME Exhibitions, the organizer of the exhibition, stressed the strong participation of companies and visitors to the exhibition on its first day. He pointed out that the company was keen through this exhibition to attract all international and local companies concerned with the real estate sector under one umbrella in order to provide opportunities for them to display a wide range of real estate products to a wide segment of the public in the Emirate of Abu Dhabi, and the exhibition in its sixth edition offers many distinct opportunities and facilities for both investors, end users and the visiting public to make profitable purchase deals.

International participation
The exhibition witnessed the participation of a large number of major companies from about 20 countries where they reviewed their projects, especially in Turkey, Morocco, Jordan, Palestine, America and Britain.

The Palestinian company Jericho Gate participated in the exhibition. Abdullah Shaarawi, general manager of the company, confirmed that the company is for the first time participating in a real estate exhibition in the UAE...
He explained that it is offering the Jericho Gate project at a cost of 3 billion dollars to the Palestinian community, in addition to Arab and foreign investors. He noted that the project includes hotels, plots of land for sale, water games and shopping areas and is being implemented over a period of ten years. High turnout
A large number of visitors from the UAE and neighboring countries, especially the region, were keen to visit the exhibition, in addition to the participation of representatives of major regional and international companies who were keen to participate in the activities and events of the exhibition.