BIBF, RERA successfully conclude 2nd edition of the National Real Estate Forum & Expo
Attended by 400 participants and Powered by Diyar Al Muharraq
3 min
The Bahrain Institute of Banking and Finance (BIBF), in collaboration with the Real Estate Regulatory Authority (RERA) and powered by Diyar Al Muharraq, successfully concluded the second edition of the National Real Estate Forum on Monday, 26 February 2024 at the BIBF Auditorium.
Under the theme “Innovating Real Estate Beyond Boundaries”, the hybrid forum was attended by 400 government officials, real estate executives, and investors, to explore the dynamic landscape of Bahrain’s real estate sector around three main tracks: The Future of Real Estate, a Sustainable Tomorrow, and PropTech in Action.
The first track featured a keynote presentation on “PropTech & Sustainability” by Dr. Mahmoud Alburai, Senior Policy Advisory from the Dubai Land Department. This was followed by an enlightening opening panel discussion titled “Building Bahrain’s Innovative Real Estate Future,” moderated by Mr. Mohammed Al Ammari, Chief of Strategic Planning & Projects Management and Acting Chief of Legal Section at RERA. The panelists included H.E. Shaikh Mohammed bin Khalifa Al Khalifa, CEO of RERA; H.E. Eng. Ahmed Abdulaziz Al-Khayat, CEO of the Urban Planning and Development Authority; Mr. Abdulhakeem Al Khayyat Chairman of Diyar Al Muharraq and Chairman of Durrat Al Bahrain; and Dr. Maher Al Shaer Managing Director of Eagle Hills Diyar and Managing Director of Bareeq Al Retaj. The first track continued with a session on “National Innovation: Design Thinking Meets PropTech,” presented by Dr. Khalid Abdulla, General Manager of Eskan Bank, offering valuable insights at the intersection of design thinking and PropTech.
The forum continued with the second track, which commenced with a keynote presentation on “PropTech & The Future of Real Estate” by Ms. Lynnette Sacchetto, a PropTech Strategist. This was followed by an engaging panel discussion titled “The Green Revolution: PropTech’s Contribution to Sustainability,” moderated by Mr. Ali Murtaza, Real Estate Director from KSA. The panelists included Mr. Amin Al Arrayed, CEO of Naseej BSC (c); Dr. Ahlam Zainal, CEO of Al Areen Holding Company; and Dr. Sh. Fay Al Khalifa, President of Bahrain Smart City Society. This session provided valuable insights into how PropTech can contribute to sustainability in the real estate sector, fostering a discussion on innovative approaches and green initiatives.
Concluding the forum, the third track showcased real solutions in the Solutions Showcase session titled “Bringing Real Solutions to Light,” moderated by Mr. Yousif Faraj, Digital Transformation Expert Trainer at BIBF. The session featured presentations from various speakers, including Mr. Ahmed Alkooheji, Databank Team Member from RERA, presenting ‘Aqari’; Mr. Humood Jassim Abdulla Alhumood, Director of Information Technology Directorate from the Ministry of Finance & National Economy, presenting the Government Land Investment Platform; Mr. Khalid Al Khaja, Senior Manager Sales & Marketing from Eskan Bank, presenting ‘Bayti’; Mr. Abdulla Tareq Alhasan, Vice President of Sales from Estater, presenting ‘Estater’; Mr. Narayanan Ganapathy, Co-founder and Board Member of Bambucorn, presenting ‘Bambucorn’, and Mr. Khaled Al-Saeh, Country Manager (Bahrain, KSA, and Qatar) at Property Finder, presenting ‘Property Finder’.
The forum concluded with closing remarks delivered by Eng. Ahmed Al Ammadi, CEO of Diyar Al Muharraq, reflecting on the insightful discussions and innovative solutions presented throughout the event.
The event also featured an accompanying exhibition showcasing the latest techniques, solutions, and technologies in the real estate field, with participation from various organisations including RERA, Diyar Al Muharraq, Urban Planning and Development Authority, Eskan Bank, Ministry of Finance and National Economy, Bareeq Company, and Naseej Company.
The successful launch of the 2nd edition of the Bahrain National Real Estate Forum highlights the commitment of RERA, BIBF, and Diyar Al Muharraq to empowering real estate professionals amid an evolving landscape. As a cornerstone initiative of the National Real Estate Plan 2021-2024, the forum accelerates Bahrain’s real estate sector toward innovation and sustainability, serving as a catalyst for progress and excellence.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
55-storey residential tower in Downtown Dubai
2 min
Fairmont Hotels & Resorts, a world-renowned luxury hotel brand within the Accor group, has partnered with UAE-based developer Sol Properties to unveil a prestigious residential development in Downtown Dubai, setting new standards in luxury real estate.
The 55-storey Fairmont Residences Solara Tower, the latest addition to Downtown Dubai’s skyline, offers breathtaking views of both the Burj Khalifa and the Dubai Fountain. Construction is currently in progress, with the project slated for completion by the third quarter of 2027.
This development seamlessly integrates Fairmont’s esteemed brand standards in luxury hospitality with Sol Properties‘ extensive expertise in high-end real estate, establishing new benchmarks in urban living. The residences feature meticulously designed spaces, blending elegance with timeless opulence.
Offering a range of spacious layouts and state-of-the-art amenities, these residences epitomize modern luxury living. Expansive terraces provide residents with stunning views of the Burj Khalifa and the iconic Dubai Fountain.
“We at Sol Properties and Fairmont Hotels & Resorts are elated to provide a completely new standard of luxury living in Downtown Dubai,” said its Founder and CEO Ajay Bhatia.
“Our goal is to provide residents with exclusive amenities and personalized services, thereby setting a new precedent for comfort and convenience for end users,” he stated.
“By combining Fairmont’s exceptional hospitality services with our integrated residential environment and attention to quality, this project is certain to offer residents unmatched lifestyle experiences,” he added.
Combining Fairmont’s exceptional hospitality services with Sol Properties’ commitment to quality, this project promises unparalleled lifestyle experiences. The residential development caters to the evolving needs of urban homeowners with a suite of premium amenities and services. Fairmont Solara Tower uniquely stands out by offering private swimming pools in selected apartments.
Residents will have exclusive access to a range of integrated amenities, including gourmet restaurants, fitness centers, and wellness facilities, providing a resort-like experience within their own homes.
Fairmont’s Global Chief Operating Officer Sami Nasser expressed excitement about adding this new branded residence to the Fairmont portfolio. “We are confident that our expertise in the field of luxury hospitality combined with our pioneer approach to residential projects will allow us to redefine the landscape of luxury residences in Dubai and the broader region,” he noted.
The project exemplifies the ongoing expansion and appeal of luxury living in Dubai, especially with the luxury residential real estate market projected to grow by more than 8% by 2029.
“Additonally, the project will redefine the concept of luxury residences with Dubai’s strategic location and investor-friendly regulations, which attract high-net-worth individuals and investors seeking to diversify their portfolios,” said Nasser.
Fairmont Residences Solara Tower Dubai joins a prestigious portfolio of 16 Fairmont-branded residences, with 22 more projects in the pipeline.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
