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Property Arabia 2008, the fifth Middle East International Property and Investment Exhibition is set to take place from October 29 to November 1 at the Bahrain International Exhibition Centre.
This world class international exhibition and well-established signature event for property and real estate will showcase major current and future real estate developments in Bahrain and worldwide, providing participants with an excellent opportunity to meet with industry peers and high quality corporate and private investors from the region.
Property Arabia and the Worldwide Property Show - two distinguished shows under one roof - have attracted an impressive line-up of exhibitors ranging from large-scale property developers to individual real estate opportunities for first-time buyers that will cover a floor area of 7,500 sqm and a cumulative range of property valued around $28 billion (BD10.6 billion).
Show organisers Arabian Exhibition Management (AEM), who run a highly successful portfolio of established events not only in Bahrain but worldwide, anticipate a considerable visitor turnout. Other AEM property and investment events include IDIS 2009 in Riyadh, Saudi Arabia (January 2009); and the Worldwide Property Show Singapore (February 2009).
Diyar Al Muharraq is the gold sponsor of the event, reflecting not only its position as one of Bahrain's leading property developments, but also its endorsement of this premier trade fair which has attracted exhibitors from over 35 countries, including Bahrain and the Pan Arab region and as far afield as the Mediterranean, Europe, Asia, the Caribbean and the US.
Defying the global financial downturn, the property market in the Middle East remains strong brought on by a combination of sustained demand for stylised housing that has outstripped supply and an opening up of the market to all types of buyers. Bahrain, in particular, is seeing significant housing growth through the development of residential schemes for mixed communities to large-scale projects to meet the needs of a growing and increasingly wealthy population.
Indeed waves of capital are moving into the relatively cheap US and European property markets as depressed property prices and a stronger dollar are attracting investors from the Gulf region. The event is therefore the ideal platform from which investors can preview an exciting and varied showcase of property choices from all over the world.
"Property Arabia is like no other show in Bahrain as quality housing and property developments can be viewed from many regions of the world. We are just not confined to the Bahrain market but the whole international spectrum of property developments. Furthermore, property is still a great investment in the Middle East, with strong long term gains," said Abdul Razzaq Kharraz, senior project manager of the event.
AEM chief executive Stephen Key commented that the local real estate market has witnessed a great boom due to ownership liberalisation and Foreign Direct Investment over the last few years.
The international exhibitors at Property Arabia come from Australia, Bahamas, Saudi Arabia, Cyprus, Greece, Croatia, Malaysia, Jamaica, Jordan, Dominican Republic, Hungary, India, the United Arab Emirates, US, the UK, Kuwait, Qatar, Philippines, St Lucia, Spain and Portugal.
