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More than $28 billion worth of civil construction projects will be on display at Bahrain's leading international property exhibition - Property Arabia and the Worldwide Property Show - to be held at the Bahrain Exhibition Centre from today until Saturday.
The show's portfolio encompasses many of the largest and most prestigious projects being constructed in Bahrain today with more than 10 new projects to be launched at this outstanding event which will showcase a properties ranging from multi-billion dollar projects to smaller units for first-time owners.
"Leading the pack is Diyar Al Muhurraq, the official gold sponsor of the event, and one of the largest mixed-use residential urban developments ever to be constructed by the private sector in Bahrain. Its reported value is well over $3.2 billion covering 30,000 units to house over 100,000 people upon completion," said Abdulrazzak Kharraz, senior project manager of the exhibition.
This signature event to Bahrain has attracted exhibitors from over 35 countries, including Bahrain and the Pan Arab region to as far afield as the Mediterranean, Europe, Asia, the Caribbean and the US. The breadth and scope of the properties on display will be an added bonus to Bahrain's real estate economy.
The extent of the continuing growth in real estate in Bahrain is reflected by the presence of Lona Real Estate at the exhibiton that will be launching Amwaj Waves, another prestigious project that offers modern and minimalist interior designs.
"Property Arabia and the Worldwide Property Show is the flagship of many new developments in Bahrain. A key strength is the launch of many local projects, such as Gulf Arab at Al Areen, a notable development in one of Bahrain's fastest growing areas. In addition, our show attracts some of the wealthiest and most liquid financiers from the region and abroad.
"We are delighted that Raffles City Bahrain will be exhibiting its landmark project by internationally acclaimed architect, Rafael Vinoly", added Mr Kharraz.
Bahrain is in a better position than many countries to face the challenges ahead during this time of financial uncertainty.
It continues to be a magnet for financial and property investment, partly reflected by the fact that capital from Arab investors is being repatriated back into the region, while the country's growing population has sustained demand that outstrips supply.
In the same vein, Bahrain enjoys buoyant growth in capital and rental values despite the ongoing levels of construction.
Drawing on these strengths, the Property Arabia and Worldwide Property Arabia Show will present the twin towers project from Venture Capital Bank and unique new developments from Damac, Mountain Property and Era Projects.
"Indeed RealCapita has chosen our show as the venue to launch six new towers in the Reef area," said Mr Kharraz.
"And over and above these projects, the property show will also introduce a new development at Reef by Better Homes while Moyawad and Management will be showcasing their Reef Island project."
And there is a surprise in store with plans for one of Bahrain's largest developments to be launched at the show. Reputed to be a large-scale building project, this otherwise unknown development from Real Choice will become public knowledge at the event.
Mr Kharraz said: "We are very excited to be welcoming Real Choice to our platform of prestigious property developments.
"What is so exciting is that Real Choice will be launching one of the largest property developments in Bahrain at the show. Even I have no idea what this development is about, but we will find out soon enough."
