DAMAC to showcase new luxury development projects at BIPEX 2016

27 October 2016

Leading luxury real estate developer DAMAC Properties will be exhibiting at the Bahrain International Exhibition 2016 that will be held on November 3rd-5th.

DAMAC will introduce and exhibit some of their iconic developments that were launched at Cityscape Global held in Dubai last month. The developer has launched ten major projects this year that are targeting customers and investors looking for a choice of attractive and lucrative investment opportunities and is expecting to have a total of 2,700-3,000 units delivered in 2016.

Commenting on DAMAC Properties’ participation in BIPEX, Ziad El Chaar, Managing Director, DAMAC Properties said:  “BIPEX is a great platform for us to showcase our broad portfolio of luxury properties to suit a range of preferences. Discerning GCC investors are seeking attractive and lucrative investment opportunities and we offer exclusive, luxury residential and hospitality units in the most convenient and easily accessible locations in the Middle East and also in the UK. For the ultimate in luxury we also offer a range of premium properties that are associated with international fashion houses, providing highly exclusive properties.

Since its establishment DAMAC Properties’ goal is to be at the forefront of luxury real estate development. It was established in 2002, as a private residential, leisure and commercial developer in Dubai and the Middle East. Since then, the Company has expanded rapidly into Saudi Arabia, Qatar, Jordan, Lebanon, and the United Kingdom.

Welcoming DAMAC for its participation to BIPEX, Mr. Mohammed Khalil Alsayed, the Chairman of BIPEX 2016 Board of Directors, stated, “We would like to welcome one of our biggest exhibitors to this year’s edition of BIPEX.  DAMAC Properties’ participation and presence will be a valuable addition to the exhibition. We are seeing strong interest from Bahraini and Saudi investors in the UAE market, especially projects by big regional players such as DAMAC. Connecting various real-estate game changers in the region will aid in strengthening several economies, not just one. We all look forward to the future, and BIPEX is a platform to help structure that future with all its participants.”

BIPEX is an annual event that brings together major Bahraini real estate investors, development companies, financial institutions, legal institutions and consumers to showcase projects, reach and discuss and make decisions in an open environment. BIPEX is organized by Bahrain Society of Engineers (BSE), and continues to grow as a direct result of increased investment projects among public and private sectors of the economy, the organizers say.

In last year’s BIPEX event, the exhibition highlighted real estate assets worth $60 billion, a significant rise from $52 billion in its previous edition. The 2015 show attracted more than 7,000 unique visitors of whom 24% travelled from outside of Bahrain. 

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For more information:
Action Bahrain office 
+97317234553

Fatema Ebrahim
+97339740002
fatema.e@actionprgroup.com

Sharlin Roy
+973 33635594
sharlin.r@actionprgroup.com

© Press Release 2016