Abu Dhabi: Organisers of the International Real Estate and Investment Show (IREIS) are set to bring the event back to Abu Dhabi after it had been put on halt since 2009 due to the global economic crisis.
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.