Abu Dhabi property market has wooed Dh1 trillion ($272.5bn) in fresh investments, according to the organiser of a realty show.

Eye of Dubai, the premier comprehensive tourism and investment guidebook and online portal for Dubai residents and visitors, has been appointed as a media partner of the fourth Abu Dhabi Real Estate and Investment Show (IREIS 2008), which will be held at the Abu Dhabi National Exhibition Centre (ADNEC) from January 30 to February 2, 2008, the organisers said in a statement.

Eye of Dubai will provide marketing and promotional support to showcase the enormous investment potential offered by Abu Dhabi, which has earmarked Dh1 trillion worth of construction projects for the next few years.

With property ownership laws recently in place, Abu Dhabi has emerged as one of the leading players in the regional market with real estate businesses reporting growth rates of up to 25 per cent.

“Eye of Dubai is excited to be part of IREIS 2008, which is one of the major real estate events that will be held in the UAE capital. IREIS 2008 is critically important because of the huge explosion in real estate development in Abu Dhabi. This year alone, around 11,000 new units in Abu Dhabi are poised to be handed over,' said Eye of Dubai chief executive officer Abdullah Al Harbi.

IREIS 2008, which is held under the patronage of Abu Dhabi Executive Council Member Dr Sheikh Sultan Bin Khalifa Bin Zayed Al Nahyan, expects to gather the most prominent international real estate personalities and organisations from the public and private sectors, the organisers said.

The exhibition, which will occupy three halls covering over 9,500 square metres, will facilitate various real estate investment opportunities and services in major property markets in the UAE capital and around the world, they added. – TradeArabia News Service