Projects worth $2bn on offer at top property show
MANAMA: Nearly 15 leading exhibitors from the region are showcasing 50 projects worth about $2 billion at Gulf Property Show, the boutique showcase for the real estate and property development projects, which kicked off yesterday.
The event is taking place at The Avenues-Bahrain till Saturday and aims to provide a different shopping experience for the visitors and to promote key real estate projects in the kingdom.
The showcase is the first mall event of the annual Gulf Property Show, which has become the event of choice for real estate sector and investors in Bahrain and from around the GCC.
Organised by Hilal Conferences and Exhibitions (HCE), the sold-out launch event was inaugurated by Bahrain Tourism and Exhibitions Authority (BTEA) chief executive Shaikh Khalid bin Humood Al Khalifa.
“The Gulf Property Show held in The Avenues-Bahrain comes in line with BTEA’s long-term strategy to increase the value-added experience for tourists through introducing exciting and innovative events,” said Shaikh Khalid.
Jubran Abdulrahman, the managing director of HCE, said: “When we launched the Gulf Property Show in 2013 we started with a simple vision to create a dedicated event promoting real estate, property developments and related services in Bahrain for the Gulf and the wider international marketplace.
“Real estate companies are no strangers to exhibit at malls around Bahrain. Unless they actively promote their presence at the malls, they may attract only normal mall visitor traffic,” he added.
“However, the Gulf Property Show will look to drive additional interest from investors by making them aware of what will be on offer to visitors at the event,” he stated.
The mall expo is a sold-out launch event, which is satisfying for the organisers.
“The event has been the result of months of detailed market research, customer consultation, design and development to deliver an exhibition dedicated to build on the Gulf Property Show’s reputation as being strong on sales and investment opportunities for both exhibitors and visitors,” said Ahmed Suleiman, the exhibitions director of HCE.
“The Gulf Property Show mall event will promote a more direct route to property investors in the GCC who will be at Bahrain’s top leisure and entertainment destination – The Avenues,” said Mr Suleiman.
“With real estate investments on offer from around the world as well as Bahrain with an entry level as small as BD20,000 ($52,709), and companies with supporting services of property management and décor, the show has something for everyone,” he added.
The show aims to target investors from Saudi Arabia, Oman, the UAE and Kuwait with a dedicated marketing campaign.
This dedicated marketing approach has already attracted participation from a number of developers and companies from Bahrain, the UAE, UK, Turkey and Hungary, said the organisers.
A strategic sponsor of the show is First Bahrain Real Estate (Mercado Village), whose chief financial officer Daniel Taylor said: “Gulf Property Show has been a positive platform for El Mercado Village over the years with more than 40 per cent of the homes being sold as a result of the marketing platform provided by the event.”
“The Gulf Property Show at the Avenues-Bahrain is an exciting new innovative event that will add a dimension to our marketing strategy,” he added.
Bin Faqeeh, a leading Bahrain-based privately-owned real estate investment company, is promoting Hidd Heights at the show.
Hidd Heights is situated between Prince Khalifa Bin Salman Causeway and the bay on the island of Muharraq.
The 13-storey complex provides 189 units consisting of studio apartments, one-bedroom apartments with a study room and two-bedroom apartments.
Commenting, Bin Faqeeh’s general manager Abdulrahman Al Kooheji said, “We are pleased to participate at this key event, which provides us with an ideal opportunity to be closer to the customers and to promote our real estate products. Hidd Heights is a unique project offering easy access to Manama and to Bahrain International Airport. Its world-class amenities and facilities provide the residents with the opportunity to enjoy a luxurious lifestyle.”
Golden Gate Developers, a joint venture between Kooheji Golden Gate and Indian real estate groups Ajmera Realty Group and Mayfair Housing, is showcasing its $212 million twin residential tower project at the Gulf Property Show in The Avenues-Bahrain.
The new development, Golden Gate project, comprising two towers scaling 45 and 53 floors respectively, is poised to become the highest residential tower in Bahrain, it said.
Chairman Ishaq Al Kooheji said: “Bahrain Bay is an attractive central Manama location for investors. The Golden Gate development is looking to create a residential opportunity for buyers and investors.”
With 140,000 sqm of built up space with stunning views, the premium development will provide residents luxury canal and seaside living, easy access to a wealth of amenities and nearby links to both local and international transport connections, he stated.
Milestone Properties is offering real estate investment opportunities in Turkey from as little as $25,000 for visitors of the event.
The company is promoting the Sazlibosna Project located in the European side of Istanbul with direct views of the Istanbul Canal and Sazlibosna Lake.
The Sazlibosna residents can take advantage of the surrounding entertainment facilities such as shopping malls, medical centres, gym, traditional Turkish bath, sauna, children’s playing areas and many others facilities.
“The Sazlibosna project is just 15 minutes from Istanbul’s airport and 30 minutes away from the centre of the old city. Surrounding the area of the peninsula shaped project are new developments, malls and entertainment facilities with easy access to all the major highways that link Istanbul to other cities in Turkey.
“The location provides an excellent base for international investors looking to buy a holiday home which gives them access to explore all that Turkey has to offer,” said Milestone Properties managing director Rashed Al Jowder.
Pegasus Real Estate, a Rera registered award-winning real estate solutions provider, is showcasing its extensive portfolio and range of services at the winter edition of the Gulf Property Show.
A division of a large business conglomerate in Bahrain, Pegasus exclusively markets, sells and manages projects of reputed developers and also represents a wide portfolio of clients looking to buy, sell or manage their residential or commercial spaces.
Its current portfolio of properties is worth more than $270m, and Pegasus continues to attract projects that can provide long-term gains to its clients and owners.
At the Gulf Property Show, Pegasus is specially promoting Seef Terraces that offers affordable high-quality lifestyle homes.
A project by the Dadabhai Group’s property development division, the 29-storey Seef Terraces tower comprises 172 studio, one-, two- and three-bedroom apartments targeted at the mid-range market in a neighbourhood that blends residential, commercial and leisure space.
For the exhibition, Pegasus has introduced exclusive limited-period payment plans to investors looking to buy and move into their new home at Seef Terraces immediately.
A concierge service has been arranged for prospective buyers looking to view the project directly from the exhibition, he added.
Pegasus is also marketing a new project on behalf of a reputed business conglomerate located in Hidd which will be ready for handover in the first quarter of 2019.
The Gulf Property Show also carries with it the strategic organisational support of the Real Estate Regulatory Authority of Bahrain (Rera), Survey and Land Regulatory Bureau and the Urban Planning and Development Authority of Bahrain.
“Bahrain has the accolade of being a leading banking centre in the region. The interest shown in the Gulf Property Show by international and regional realtors reflects the confidence in Bahrain as a centre for real estate transactions,” said Mr Abdulrahman.
“The support of these organisations will also add to the growing confidence and awareness in the public that Bahrain has exciting developments which are regulated and can be trusted for quality,” he added.
HCE has partnered with Colours Events & Exhibitions for the operational organisation of The Avenues-Bahrain event.
Source: http://www.gdnonline.com/Details/442165
