Property Arabia 2006 has opened in Bahrain, providing pointers and other information for those thinking of property investments abroad.
Open to the general public as well as the trade, the various exhibitors present will showcase many of the major property investment opportunities in the Gulf region, as well as new developments in countries such as Malaysia and Australia.
Within the Middle East region, participating companies will come to Bahrain from the overseas property hotspot that is the United Arab Emirates, in addition to Kuwait, Lebanon and Saudi Arabia.
“More and more people are choosing housing and real estate as a good long-term investment option,” explained Stephen Key, chief executive of Arabian Exhibitions Management, organisers of the event.
“The recent uncertainties of the stock markets make bricks and mortar a relative safe haven with good returns to be made.”
Mr Key said that the exhibition was being held as a result of the current property boom experienced by the Middle East, driven in part by governments’ attempts to encourage more foreigners to buy property abroad.
For example, Dubai recently introduced a new law allowing foreigners limited freehold ownership of property, expected to add further fuel to the property market.
Visitors to the Bahrain International Exhibition Centre from May 24th to 27th will be able to talk to experts, view property models and arrange financing for overseas property purchases.
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