Property Arabia showcases Gulf real estate market

November 3, 2008 by OPPE News

Property investment opportunities from more than 30 countries have been exhibited at the second major Middle Eastern real estate show in a month.

Property Arabia, held in Bharain, ended on Saturday and featured a range of projects with a combined value of around $28 billion.

Organisers said the show was helped this year by extra interest from the west, where falling prices and a weaker dollar are prompting investors to look further afield.

Among the exhibitors were representatives of the Diyar Al Muharraq project – a Bahrain master plan city scheme which could see up to 30,000 new homes built in the kingdom.

Aaref Hejres, chief executive of the project, said:

“Diyar Al Muharraq will truly enhance lifestyles for residents of Bahrain, and as a city for the people we aim to give back to the community through support of such events.

“We are also pleased to see so many international projects exhibiting here, recognising the importance of the Kingdom in the regional real estate sector.”

Property Arabia, hosted at the Bahrain International Exhibition Centre, comes just four weeks after Cityscape Dubai 2008, which attracted potential investors from across the world.

Event senior project manager Abdul Razzaq Kharraz said: “Property is still a great investment in the Middle East, with strong long term gains, while there has never been a better time to purchase international properties at incredibly low prices.”