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Sunday, November 22 - 2009

Durrat Al Bahrain exhibits at Cityscape Abu Dhabi

Durrat Al Bahrain, the Kingdom's largest planned luxury residential, commercial and tourist resort development is exhibiting at Cityscape Abu Dhabi 2009.

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The third annual investment and development showcase for the UAE's capital, which is being held between 19 and 22 April, is considered a key exhibition for real estate industry in the region as it attracts regional and international investors, property developers, government, designers, architects and development authorities and all senior professionals involved in the property industry with representatives from more than 80 countries around the world having attended last year's exhibition.

Cityscape Abu Dhabi provides an annual forum that celebrates the very best in real estate, architecture, urban planning and design from around the world.

Commenting on the exhibition, Jassim Al Jowder, CEO of Durrat Al Bahrain, said:
"This year's Cityscape Abu Dhabi is particularly interesting. This is the third year running we have exhibited at this important regional property exhibition and it is fascinating to understand the latest thinking from real estate professionals from around the world given the ongoing global economic downturn. Despite the challenges of the current climate, we are still receiving the high level of interest in Durrat Al Bahrain as in previous years, as real estate professionals understand the long-term investment potential of Bahrain's biggest real estate project."


"Being based in Bahrain is also an advantage, as many investors see Bahrain as being one of the least affected economies of the region. Just as the wider economy of Bahrain remains stable, so too the real estate market. With a lot less leverage having been used in the market, with investments being based on medium to long-term based returns, Bahrain's real estate market is proving to be comparatively resilient during this global downturn. We are pleased to see that the appetite for the unique lifestyle of Durrat Al Bahrain remains undiminished for global and regional property investors." he added.
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Notes and media contacts

About Durrat Al Bahrain
Durrat Al Bahrain is owned by the Durrat Khaleej Al Bahrain Company, in which the Government of the Kingdom of Bahrain and Kuwait Finance House - Bahrain each hold a 50 percent stake. Durrat Al Bahrain, a 21 km² area of pristine waters and untouched beaches, once complete, is expected to be approximately the size of Manama, Bahrain's capital city.

Durrat Al Bahrain has been planned as a world-class residential, commercial and tourist destination, offering a unique island based urban lifestyle. It is where the buzz of a world-class city meets the beauty and tranquillity of an island. Upon completion from 2010 it is expected that there will be more than 60,000 permanent residents as well as some 4,500 visitors a day.

The master planner/architect of the project is Atkins, the renowned engineering design and consultancy; project/development manager is KMC Bovis, a joint venture between the Kuwaiti Manager Company and Bovis Lend Lease and HAJ is the quantity surveyor for the development.

Media Contact:
Mahmood Ali
FD
Tel: 17 537 072

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