News
Bahrain property market booming
Thursday 15 May 2008
Whilst the UK and US housing market continues to slow down, the real estate boom in the Gulf is set to continue for the next eight years, a Bahraini expert has said.
Referring to a report published in MEED magazine, Mohammed Khalil, Ithmaar Development Company chief executive, told the Gulf Daily News that real estate projects underway in the region have crossed $190 billion.
Bahrain has projects worth $18.3 billion planned, with projects under construction currently estimated at $7.4 billion.
In Saudi Arabia, there are about $150 billion planned projects, with just over $20 billion worth of projects currently under construction.
Kuwait has the most activity with planned projects worth $191.9 billion and $5.2 billion projects underway.
The Bahrain International Property Exhibition organised by the Bahrain Society of Engineers is now in its fifth year and will take place from October 23rd to October 25th.
Bahrain is host to over eight million tourists a year. Many visitors come from the surrounding Arab States but the area is growing in popularity with tourists from outside the Gulf. The Bahrain Formula One Race Track is just one of its many draws.
Referring to a report published in MEED magazine, Mohammed Khalil, Ithmaar Development Company chief executive, told the Gulf Daily News that real estate projects underway in the region have crossed $190 billion.
Bahrain has projects worth $18.3 billion planned, with projects under construction currently estimated at $7.4 billion.
In Saudi Arabia, there are about $150 billion planned projects, with just over $20 billion worth of projects currently under construction.
Kuwait has the most activity with planned projects worth $191.9 billion and $5.2 billion projects underway.
The Bahrain International Property Exhibition organised by the Bahrain Society of Engineers is now in its fifth year and will take place from October 23rd to October 25th.
Bahrain is host to over eight million tourists a year. Many visitors come from the surrounding Arab States but the area is growing in popularity with tourists from outside the Gulf. The Bahrain Formula One Race Track is just one of its many draws.
|
Contact us now for FREE no obligation information and access to monthly WEALTH building newsletter and property investment course! |