Continuing investment in home sales and international property provides a beacon of light in the current downturn in the financial market.

According to reports, financiers worldwide are investing heavily in international property portfolios offering positive returns, capital value and representing value for money. According to organisers, the Property Arabia and Worldwide Property Show (PAWPS) series is the most focused international property exhibition taking place in Bahrain's burgeoning real-estate economy.

This year, realty developers from 35 countries are participating in the four-day show which was opened yesterday by Dr. Abdulla Mansour, undersecretary at the Ministry of Industry and Commerce, at Bahrain International Exhibition and Convention Centre. The BD 1.2 billion Bahrain's city for the people, Diyar al Muharraq, received an overwhelming response during its debut participation at Property Arabia 2008.

Diyar Al Muharraq chief executive officer Aaref Hejres said: "As a Bahraini company, we wanted to lend our full support to Property Arabia and thus took the decision to become gold sponsor. The development will truly enhance lifestyles for residents of Bahrain, and, as a city for the people, we aim to give back to the community through support of such events.

"We're also pleased to see so many international projects exhibiting here, recognising the importance of the Kingdom in the regional real-estate sector." Located on the northern shores of Muharraq, Diyar Al Muharraq will house over 100,000 people in around 30,000 dwellings.

Diyar al Muharraq will offer a selection of properties accessible to buyers across varying income levels, and its comprehensive community services will include indoor and outdoor recreational areas as well as social, educational, medical and retail facilities, all supported by a high standard of infrastructure services. It will open up a new way of living for residents and, indeed, all the people of Bahrain.

"Investment sentiment is still strong in the Gulf region.

"This event continues to attract exceptional developers and real-estate agents, not only from Bahrain but from across the region and the world," said Abdulrazzak Kharraz, senior project manager at Arabian Exhibition Management (AEM), organisers of PAWPS. During the four-day expo, exhibitors showcase a comprehensive range of properties from Cyprus, Malaysia, Turkey, the Caribbean, the United Kingdom and the United States, among others.

"With a strong US dollar, and an even stronger Bahraini dinar, coupled with depressed property prices in many countries, there's never been a better time to invest in bricks and mortar overseas," said Stephen Key, AEM chief executive officer.

"Visitors can explore real-estate investment opportunities including information on interior themes, investment returns and the availability of villas and developments," said Kharraz. Property Arabia is now in its fifth edition while the Worldwide Property Show returns to Bahrain for the 11th time.

Over the last three years this combined event has become the country's window for real estate, focusing on development projects and providing an interface between prospective developers and end-users. "Financiers and property buyers can view exhibits from asset property, Harlequin Properties, UK; Oasis Land Development, KNBM and EMP Advisers, companies which boast an outstanding selection of properties from the United Kingdom, Europe, the Caribbean, northern America and Asia.

© Bahrain Tribune 2008

 

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