Oct 24 2007
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Mega property show on
Over $20 billion real estate and infrastructure development projects in Bahrain will be showcased at the Property Arabia and the Worldwide Property Show 2007 opens today at the Bahrain International Exhibition Centre .
This mega consumer property exhibition is the creation of the Bahrain-based Arabian Exhibition Management (AEM) and Dubai Shows Limited, whose joint expertise has culminated in an event featuring over 40 participants from 20 plus countries. The organisers expect turnover of visitors to exceed 5000 offering an excellent opportunity to investors and developers to meet under the same roof.
The last edition of Property Arabia attracted 4437 private and corporate investors, over 30 per cent of which came from outside of Bahrain.
This unique combination of property shows allows for an international calibre of exhibitors who are showcasing thousands of the biggest and most innovative real estate developments happening throughout the world.
The four-day show will showcase a vast range of residential and commercial properties, as well as related services including apartments and penthouses, agents, architects, financial institutions, interiors, new city and town projects, resort and island properties and waterfront and luxury developments.
Additionally, many companies have chosen to take advantage of this unparalleled opportunity to launch new projects during the exhibition. Amwaj Gateway, the Era Project and Mina Al Fajer are just some of the prestigious developments being launched during the show.
"Property Arabia and the World Wide Property Show 2007 is an exciting opportunity for anyone looking to see the latest in real estate development. By staging these two events together, visitors will enjoy an unrivalled choice of properties, locally and internationally, all conveniently located under one roof." said Abdul Razzaq Kharraz, AEM project manager.
Numerous major developers are taking centrepiece stands at the event including Bahrain-based leaders:
Abraj Al Lulu, Abu Dhabi Investment House, Al Fateh Towers Real Estate & Investment, Aqar, Bahrain and Kuwait Housing and Construction Company (EMCAN), Grnata Real Estate, Gulf Holding Company, Landmark Properties, Landmark Bahrain, Muawadh Management & Marketing ( Reef Island ), Olive FM, Orchid Developers, RealCapita and the Tabarak Group amongst numerous others.
"The support of so many local exhibitors is especially welcome. Due to ownership liberalisation and inflow of record FDIs in the past few years Bahrain has witnessed a development boom. This exhibition will highlight the numerous first class investment opportunities offered not only here in the rapidly expanding market of Bahrain, but throughout the region and the rest of the world," Kharraz added.
Lulu Tourism, the developer of Reef Island , will be showcasing the state-of-the-art project during the show.
Reef Island , the $1.3 billion project, covers an area of 579,000 square meters. The island is being designed in a unique master plan and will consist of 39 residential buildings, a residential icon tower, 49 beach villas, 65 villas, a five-star hotel, a marina and yacht club, a wellness centre, and a shopping mall.
"We had an overwhelming response at Cityscape and we are extremely enthused with our participation in Property Arabia," said Waleed Hayek, the project manager. "We received such a remarkable level of interest in Dubai due to the uniqueness of our project and we are confident our project will also attract a high level of interest in Bahrain."
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