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Bahrain International Property Exhibition (BIPEX) 2007 will give Bahrain's real estate market the opportunity to show its strength, the CEO of Riffa Views has said.
Riffa Views, Bahrain's first residential golf and leisure community, have given its full support to the exhibition and are platinum sponsors of the event.
"Last year we were one of only a few platinum sponsors. I am pleased that this year we are one of many," explained CEO Richard Browning.
"Any developer in Bahrain should be conscious of supporting and promoting the kingdom, and part of that is through involvement in key exhibitions like this.
"We call on developers to show strength and to show that as a group we can aid the country's development and competitively take on places like Dubai and Abu Dhabi.
"This is an opportunity to showcase Bahrain's strength."
The exhibition will also mark the first time that Riffa Views will display all three of its signature estates, giving people the opportunity to see the complete Riffa Views development.
"Up until this year we had launched the properties set around the golf course and the school.
"We recently launched our third signature estate, the Park, and now we have a chance to show the complete development. This will give people the opportunity to see Riffa Views as a whole," explained Mr Browning.
Riffa Views has seen unprecedented interest in the development and has already sold 60 per cent of the properties.
All two-bedroom townhouses, three-bedroom villas and custom-made villas in the Oasis, Lagoons and Park estates are completely sold out, officials said.
In the Oasis estate all the three-bedroom townhouses and five-bedroom signature villas are sold out while the Lagoons estate has only three five-bedroom 750 sqm villas remaining.
The Park Estate was recently released for sale to the general public with an open house event that attracted more than 3,000 visitors from Bahrain and the Middle East.
More than a third of the estate was sold during the three days alone.
Mr Browning said: "We expected to be sold out by early 2009, however with the current levels of interest we expect that by the middle to end of 2008, the majority of the development will have been sold."
