DSL Exhibitions, the International Property Exhibitions company, has announced that the Worldwide Property Show will return to Dubai and Bahrain during November 2006, bringing in over…
DSL Exhibitions, the International Property Exhibitions company, has announced that the Worldwide Property Show will return to Dubai and Bahrain during November 2006, bringing in over 60 international exhibitors showcasing a variety of new projects to a booming regional market.
DSL Exhibitions have formalized an agreement with the Bahrain International Exhibition Centre, in conjunction with the Bahrain Society of Engineers, to bring the Worldwide Property Show to Bahrain under the auspices of BIPEX 2006, Bahrain’s largest real estate exhibition.
“The synergy between the two exhibitions will further improve event reach, tapping into a wider property market not only in Bahrain but also Saudi Arabia and the upper Gulf market. Incorporating the Worldwide Property Show into BIPEX 2006 will deliver added depth to the international property on offer,” commented Shuckri Bundakji, Managing Director of DSL Exhibitions.
Mohammed Dhirar Al Shaer, the Acting CEO of Bahrain Convention & Exhibition Bureau (BCEB), said, “As the financial capital of the Middle East, in recent times with the advent of multiple new projects, Bahrain is rapidly establishing itself as a haven for the Real Estate sector. BIPEX is among the leading exhibitions where buyers and sellers from around the globe meet to maximize on the available investment opportunities.”
Director of Conferences, Bahrain Society of Engineers, Jameel Khalaf Al Alawi said, “BIPEX 2006 is aiming to bring together a full spectrum of services required to make investing in the real estate easy. Our aim is also to put the spotlight on development in the Kingdom and attract investors to Bahrain. The introduction of the World Wide Property Show under the BIPEX umbrella will further strengthen our portfolio, and attract a higher diversity of investors. BIPEX 2005 hosted close to ten thousand visitors, and we are expecting higher numbers this time around.”
The Worldwide Property Show will offer a one-stop shop for real estate buyers, sellers, investors and landlords, allowing global developers and estate agents to showcase off-plan, residential and commercial property to high net-worth investors. The Show will also collate lateral sector and ancillary services such as home finance providers and home ware services to provide a unified real estate networking and trading platform.
“We will bring a portfolio of local and international real estate exhibitors to the region, capitalizing on the heightened demand for international property assets. Historically, local exhibitors have performed well at the show, with international developers from Australia, Cyprus, France, England, Spain, the USA and Asia Pacific also putting up a strong showing. Further, exhibitors from newer markets such as Thailand, Gibraltar, Bulgaria and the Caribbean are also seeing increased interest from buyers looking for holiday, retirement and investment real estate,” said Shuckri Bundakji, Managing Director for DSL Exhibitions.
The Middle East region is host to a booming local and international real estate market. Estimates put the private liquidity in the MENA (Middle East and North Africa) countries at a high US$2.3 trillion, of which US$1.5 trillion is in the GCC alone. Similarly, the market capitalization of listed real estate companies in the region totaled US$74,889 million in February 2006, accounting for approximately 6.7 per cent of the total market capitalization in the GCC. The region hosts a large number of high net-worth investors compiling real estate portfolios regionally and abroad.
“The real estate markets in the Middle East are booming under the impetus of the region’s economic development, with massive interest from investors and homeowners in acquiring international real estate. We are focusing on gathering a critical mass of resellers, developers and real estate agents from all over the globe to provide an immersive experience for real estate activity this November,” added Bundakji.
Show organizers DSL exhibitions have an 11 year history of successful Worldwide Property Shows catering to global real estate demands and catalyzing real estate activity. The Worldwide Property Show last toured Dubai and Kuwait in May 2006, attracting over 2,600 investors over two and half days to notch a 12 percent increase on the prior season’s exhibition.
The Worldwide Property Show will be held in Dubai at the Grand Hyatt on November 17-19th and at the Bahrain International Exhibition Centre on November 22-25th. Admission is free to the public.
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