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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.

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.



Durrat Al Bahrain sponsors a rehabilitation program of 10 children with Cerebral Palsy


Durrat Al Bahrain, the Kingdom’s largest planned luxury mixed-use residential, commercial and resort development, announced that it has sponsored a Cerebral Palsy rehabilitation programme for 10 Bahraini children.

The program will be conducted by the Steps Rehabilitation Centre in Bahrain and it will be implemented over three weeks with extensive daily treatment sessions for the children, who are aged between 2 and 8 years.

“After the three weeks intensive programme, the kids will be able to manage many of the challenges they face with Cerebral Palsy. We are proud to be able to help these children and support the Steps Rehabilitation Centre in their invaluable work. We are determined to support the community and will continue to implement various CSR programs that will benefit the community and the Kingdom of Bahrain,” said Jassim Al Jowder, CEO of Durrat Al Bahrain.

Fawzia A.Khaliq, Managing Director of the Steps Rehabilitation Centre, commented: “Around three thousand kids suffer with Cerebral Palsy in Bahrain. The rehabilitation program uses various techniques and components to assist the patient overcoming the difficulties which they face on a daily basis. We appreciate Durrat Al Bahrain’s support for the children who are in need of this programme.”



DURRAT AL BAHRAIN EXHIBITS AT MIPIM 2009


Landmark Bahraini development at world’s premier real estate summit
Manama, Kingdom of Bahrain - 8 March 2009 - Durrat Al Bahrain, the Kingdom’s largest planned luxury residential, commercial and tourist resort development, announced today that it will be exhibiting at MIPIM 2009.
MIPIM is the world’s premier real estate summit and is held annually in Cannes, France, and is being held from 10 March to 13 March this year. Last year, the conference attracted more than 29,000 delegates from around the world. More than 6,800 professional real estate investors attended last year’s conference, where more than 2,600 companies exhibited and 89 countries were represented.

This is the third year that the $6 billion island based lifestyle development has exhibited at MIPIM, following its inaugural exhibition in 2007, which attracted a huge amount of investor interest.
Jassim Al Jowder, CEO of Durrat Al Bahrain, said, “MIPIM is a key marketing opportunity for Durrat Al Bahrain. It is without doubt the pre-eminent real estate summit globally and we are hoping to build upon our success of the past two years, where we have seen significant interest in the project as potential investors recognised our ambition and innovation. Such is the attraction of the event that it really is a global show case of development projects for professional investors and developers from around the world.

“Despite the current state of the global credit markets, we believe this year’s MIPIM should be positive for Durrat Al Bahrain, as many real estate investors, developers and hotel groups who have not been investing for the past six to twelve months are now looking at opportunities, particularly in regions which offer long-term growth prospects such as the GCC. Even over the short-term, the GCC is one of the few regions of the world which is currently forecast to show positive economic growth. Durrat Al Bahrain offers an attractive investment opportunity to commercial developers and institutional investors. The project offers a broad mix of investment potential across residential and commercial land and property, with different types of potential return, all based on the unique principle of an island-based resort city located in the beautiful waters of southern Bahrain.”

Set in the azure waters of south Bahrain, the 21 km2? development will offer The Islands, designed into two circular rows of six Atolls and five Petals, are 11 islands of just over 1000 luxury residential villas, gardens and beaches in an enchanting setting offering a sanctuary of peace and tranquillity. Some of Durrat Al Bahrain’s first residents started to move into their new homes at the end of January and the next few months will see more new residents moving into their villas in phases. The Crescent will be the urban hub of Durrat Al Bahrain, where residents and visitors will be able to lose themselves in a vibrant, cosmopolitan world of sensational dining experiences and exclusive designer shopping, right in the heart of Durrat Al Bahrain. Residents, businesses and visitors will not only be able to live island lifestyles, but they will also benefit from the Golf Course, an 18 hole golf course designed by Ernie Els, the world-renowned golf champion. The Golf Course will comprise a challenging course, a club house, a driving range, a luxury hotel complex and 1400 stylishly designed luxury residential villas and apartments arranged around landscaped waterways. In partnership with Tameer, Durrat Khaleej Al Bahrain will also offer The Marina, one of the region’s leading marinas covering 700,000 m2?, offering 400 berths in a stunning location across three islands. Residents and visitors will be able to sail, jetski, cruise on a motor boat or simply soak up the quay-side activity.



Durrat Al Bahrain joins as Silver Sponsor of Crown Prince's International Scholarship Program


Durrat Al Bahrain CEO, Mr. Jassim Al Jowder met with the Director of the Crown Prince's International Scholaship Program (CPISP), Dr. Ronald Koller, on Monday, January 12, 2009 at the site location, to announce Durrat Al Bahrain's support of the CPISP as a Silver Sponsor.

Mr. Al Jowder expressed Durrat Al Bahrain's keenness to support key strategic programs and projects in Bahrain, especially those benefiting the education sector and youth. Mr. Al Jowder praised the Program, affirming its success and progressive role in the Kingdom's development.

From his side, Dr. Ronald thanked Durrat Al Bahrain for its generous contribution to the Program, which comes as part of HH the Crown Prince's call to involve private sector organizations in the development of the Kingdom's youth.

Present at the meeting were CPISP Head of Student Affairs, Ms. Shatha Ahmed Ali, CPISP PR & Media Officer, Ms. Esmat Ahmed, and Durrat Al Bahrain Corporate Communications Manager, Mr. Yaser Al Hammadi.



DURRAT AL BAHRAIN TAKES FINAL STEP BEFORE VILLA HANDOVER WITH OFFICIAL LAUNCH OF DURRAT RESORT MANAGEMENT


Manama, Kingdom of Bahrain - 6 November 2008 - Under the patronage of Mr Abdulhakeem Alkhayatt, Chairman of Durrat Al Bahrain, Durrat Al Bahrain, the Kingdom’s largest planned luxury mixed-use residential, commercial and resort development, will take the final step before beginning the handover of villas to homeowners with the official launch of Durrat Resort Management today.

Abdulhakeen Alkhayatt, Chairman of Durrat Al Bahrain, said, “Today’s launch of Durrat Resort Management is the last stage before we start the handover of villas to homeowners, a process that will start in the next few weeks. With the launch of Durrat Resort Management, we are now testing and finalising all the services that will support our homeowners’ lives, including utilities, ICT infrastructure and other amenities. We believe we are helping to create a new standard not only in Bahrain but across the region in community development with our investment in Durrat Resort Management.

Jassim Al Jowder, CEO of Durrat Al Bahrain and MD of Durrat Resort Management, commenting on the official launch of Durrat Resort Management, said, “Ours is a vision that goes beyond the physical development of Durrat Al Bahrain itself. We want to create a sustainable community that will make a lasting contribution to the development of Bahrain. To achieve this, we have engaged with Olive-vfm, one of the region’s leading facilities management consultancies, to create a world standard operation to manage and develop the community needs of Durrat Al Bahrain.

“Bahrainis are the foundation of any project in Bahrain and that is why we have recruited a 100% Bahraini team to manage Durrat Resort Management. Since DRM’s inception last year, we have built up a team of 52 Bahrainis. With this local talent on board, we now have a strong local management team and a strong team of employees, who will ensure the success of Durrat Resort Management.

“By developing a community infrastructure, we will create a vibrant community where residents and visitors and can live, work and experience the contrasting world of urban living in an island-based resort city. Too often, this fundamental aspect of large-scale developments does not receive the attention it should from development managers.”

Durrat Resort Management has been established to create the policies, systems and procedures that will manage the community requirements of the $6 billion Durrat Al Bahrain project.

At a formal launch event to be held at the Durrat Al Bahrain site today, guests, including members of the government, Durrat Al Bahrain employees and consultants to the project will be briefed on Durrat Resort Management’s strategy that will ensure Durrat Al Bahrain will lead the Gulf region in community development.

An integral part of Durrat Resort Management’s mission is to create sustainable community facilities that will support the development of informal and formal groups across the Durrat Al Bahrain community, which will number 60,000 permanent residents upon completion.



DURRAT AL BAHRAIN SUPPORTS BAHRAIN DOWN SYNDROME SOCIETY


Durrat Al Bahrain, the Kingdom’s largest planned luxury mixed-use residential, commercial and resort development, today announced that it has donated two 16 seat buses to the Bahrain Down Syndrome Society to enable the voluntary organisation to transport its clients to its Care Centre.

Established 11 years ago, the Bahrain Down Syndrome Society has championed the support of children and adults with Down Syndrome, as well as the education and training of specialist carers and teachers. The Society has been instrumental in educating the Bahraini community about Down’s, helping to overcome societal prejudice against the Syndrome. It has also been instrumental in changing education policy to ensure that children with Down Syndrome are entitled to participate in mainstream public education in Bahrain.

Jassim Al Jowder, CEO of Durrat Al Bahrain, said, “As much as Durrat Al Bahrain is about creating a new community for Bahrain, we believe it is our duty to also invest in the wider Bahraini community. We all have enormous admiration for the work that the Bahrain Down Syndrome Society does. In their 11 years, they have helped to change the perception of Down Syndrome, change education policy and ensure that Bahrain is now seen as a centre of excellence in the Arab world for the support of Down Syndrome. We are privileged to be able to help the Society with the donation of these two buses.”

Dr Mohamed Al Mannai, Director of the Bahrain Down Syndrome Care Centre, commented, “As an entirely voluntary organisation, our funding is dependent on donations from the private sector. With the support of Bahraini companies such as Durrat Al Bahrain, we have been able to develop initiatives that have put Bahrain on the map as a leading light in the support of Down Syndrome in the Arab world. With the creation of our Care Centre just over two years ago, we now have a central resource where we can offer care, support and training for those with Down Syndrome as well as their teachers and carers. With the donation of these two buses by Durrat Al Bahrain, our clients will now be able to get to the Care Centre much more easily, meaning we can offer our services more effectively to more people.”



DURRAT AL BAHRAIN MAKES DONATIONS TO NBB ELDERLY CENTRE


Durrat Al Bahrain, the Kingdom’s largest planned luxury mixed-use residential, commercial and resort development, today announced that it recently made donations to the NBB Elderly Centre.

Visiting the Elderly Centre in Isa Town, Jassim Al Jowder, CEO of Durrat Al Bahrain; Mahmood Abdulrahman, General Manager and Khalid Al Hashimi, Assistant General Manger donated an LCD TV and provided Eid gifts of clothes for residents.

Jassim Al Jowder, CEO of Durrat Al Bahrain, said, “As much as Durrat Al Bahrain is about building a new community for Bahrain, we believe it is also our duty to support the wider community of Bahrain. We have been visiting the NBB Elderly Centre for the past three years to make donations and offer Eid gifts to the residents as part of our on-going community investment programme. It is a privilege to be able to offer support to the residents of the NBB Elderly Centre, as they are such an important and valued part of our society.”



DURRAT AL BAHRAIN EXHIBITS AT CITYSCAPE DUBAI


Durrat Al Bahrain, the Kingdom’s largest planned luxury residential, commercial and tourist resort development, announced today that it will be exhibiting at Cityscape Dubai 2008.

This is the fourth year that Durrat Al Bahrain has exhibited at Cityscape Dubai, the world’s largest real estate event. The international event attracts regional and international investors, property developers, governmental and development authorities, leading architects, designers and consultants from the property industry. It provides an annual forum that celebrates the very best in real estate, architecture, urban planning and design from around the world. Last year, nearly 52,000 people attended the exhibition from 136 countries. 849 exhibitors marketed their projects across nearly 75,000m2 of exhibition space.

Commenting on the exhibition, Jassim Al Jowder, CEO of Durrat Al Bahrain, said, “Cityscape Dubai is now one of the world’s leading real estate events and it has become an essential part of Durrat Al Bahrain’s marketing programme. We have marketed our $6 billion development here for the past four years and have always found it extremely productive as the event captures so many real estate specialists and investors in one place.

“We’ve made a lot of progress this year and are now in the finishing stages of the first two phases of our island-based luxury villas. We will be handing these over to some of the first owners next month, which will be a momentous occasion for all of those associated with the project. We have also made progress on the other elements of the project including the Ernie Els 18 hole golf course precinct, as well as the creation of not-for-profit business, Durrat Resort Management, that we have created to help build the future community of Durrat Al Bahrain.

“Visitors to our stand will also be able to find out more about Durrat Marina, the $1.3 billion mixed-use marina development which forms part of Durrat Al Bahrain. A joint venture between ourselves and Tameer, which will see a first of its kind marina development for the Middle East covering 700,000m2. Durrat Marina will offer a waterfront lifestyle of villas, town houses, apartments, commercial properties, recreational facilities, cafes and restaurants, all focused around its 400 berth marina.
“Cityscape Dubai provides us with the ideal opportunity to communicate how Durrat Al Bahrain is an ideal lifestyle destination for those wanting to live a contemporary urban lifestyle based in and around the beautiful waters of the southern Bahrain sea, either as a resident or as a visitor,” Al Jowder concluded.

Set in the azure waters of south Bahrain, the 21 km2? development will offer The Islands, designed into two circular rows of six Atolls and five Petals, are 11 islands of 1700 luxury residential villas, gardens and beaches in an enchanting setting offering a sanctuary of peace and tranquillity. The Crescent will be the urban hub of Durrat Al Bahrain, where residents and visitors will be able to lose themselves in a vibrant, cosmopolitan world of sensational dining experiences and exclusive designer shopping, right in the heart of Durrat Al Bahrain.

Residents, businesses and visitors will not only be able to live island lifestyles, but they will also benefit from the Golf Course, an 18 hole golf course designed by Ernie Els, the world-renowned golf champion. The Golf Course Precinct will comprise a challenging yet enjoyable course, a club house, a driving range, a luxury hotel complex and stylishly designed luxury residential villas and apartments arranged around landscaped waterways, beach and sea fronts. In partnership with Tameer, Durrat Khaleej Al Bahrain will also offer The Marina, one of the region’s leading marinas covering 700,000 m2?, offering 400 berths in a stunning location across three islands. Residents and visitors will be able to sail, jetski, cruise on a motor boat or simply soak up the quay-side activity.



DURRAT AL BAHRAIN MAKES DONATIONS TO MUHARRAQ ELDERLY CENTRE


Durrat Al Bahrain, the Kingdom’s largest planned luxury mixed-use residential, commercial and resort development, today announced that it recently made donations to the Muharraq Elderly Centre.

Visiting the Elderly Centre in Muharraq, Jassim Al Jowder, CEO of Durrat Al Bahrain; donated an LCD TV and provided Eid gifts of clothes for residents.

Jassim Al Jowder, CEO of Durrat Al Bahrain, said, “As much as Durrat Al Bahrain is about building a new community for Bahrain, we believe it is also our duty to support the wider community of Bahrain. We have been visiting the Muharraq Elderly Centre for the past three years to make donations and offer Eid gifts to the residents as part of our on-going community investment programme. It is a privilege to be able to offer support to the residents of Muharraq Elderly Centre, as they are such an important and valued part of our society.”



BUSINESS TRAINING FOR DURRAT AL BAHRAIN


Manama, Kingdom of Bahrain - 10 August 2008 - Durrat Al Bahrain, the Kingdom’s largest planned luxury mixed-use residential, commercial and resort development, recently held a business training seminar for its employees. The day long course focused on business etiquette and protocol in the global work place. Employees were introduced to the techniques and proper way a staff member should behave within the work place and towards clients and colleagues.

Jassim Al Jowder, CEO of Durrat Al Bahrain, said, “Durrat Al Bahrain is completely focused on delivering the very best customer experience across its entire business. A crucial element of our service is ensuring that our people have the right skills to conduct the business to an international standard, enabling them to offer outstanding services to our clients. We continually invest in our people to ensure they have the right skills to grow and develop their careers within the business.”



DURRAT AL BAHRAIN SIGNS AGREEMENT WITH JAWAD GROUP TO SUPPLY CONVENIENCE STORES


Durrat Resort Management to Manage Convenience Stores Across Resort City

Manama, Kingdom of Bahrain - 30 July 2008 - Durrat Al Bahrain, the Kingdom’s largest planned luxury mixed-use residential, commercial and resort development, today announced it has signed an agreement with Jawad Group, Bahrain’s leading supermarket and convenience store operator, to supply convenience stores across the island city resort.

The contract will be managed by Durrat Resort Management, Durrat Al Bahrain’s newly formed subsidiary created to deliver a global standard in community development and management.

Jawad Group will initially supply two mid-sized, 24 hour convenience stores on two of Durrat Al Bahrain’s residential islands, which will be open and ready for business when the first phase of villas are delivered to homeowners in November. In addition to the convenience stores, Jawad will also supply a Costa Coffee on one of the islands.

Jassim Al Jowder, CEO of Durrat Al Bahrain, said, “We have always been very clear that we are creating more than a development. Durrat Al Bahrain is a city of the future and a city needs to have the right facilities to create an environment where communities will freely develop. Our agreement with Jawad Group illustrates the level of quality and the kind of day to day amenities we are seeking to bring to Durrat Al Bahrain for our residents to enjoy.”

Julian Butson, Resort City Manager - Durrat Al Bahrain for Olive-vfm, added, “Today’s announcement is a first step in delivering Durrat Resort Management’s mandate, which is to create sustainable community facilities that will support the development of informal and formal groups across the Durrat Al Bahrain community. By having Jawad Group supply our convenience stores for the first phase of homeowners, we are not only ensuring that residents will have easy access to their every day needs, but, we are also creating community focal points in their own right. The addition of a Costa Coffee outlet from Jawad will also be important in offering a range of community facilities for residents.”

Mr Faisal Jawad, Chairman and CEO, Jawad Business Group, commented, “We’re very excited to be working with Durrat Resort Management. We have been impressed with the ambition of the team - it’s very clear to us that we are responsible for delivering more than market leading convenience stores. Durrat Resort Management wants us to play our part in helping to develop what will become the Durrat Al Bahrain community and we are delighted to be involved in this process.”



DURRAT AL BAHRAIN AND AL TIJARIA FORM JOINT VENTURE TO DEVELOP TWO DURRAT VILLA ISLANDS


Durrat Al Bahrain, the Kingdom’s largest planned luxury residential, commercial and tourist resort development, announced today that it has signed a MOU to establish a joint venture with The Commercial Real Estate Co (Al-Tijaria) and its associates to develop two of its residential Islands.
The new joint venture, the Durrat Tijaria Company, will lead and manage the development of the two remaining outer islands (Atoll 5 & 6) of the $6 billion seaside city resort. In total, Durrat Al Bahrain offers 11 residential islands in the shapes of petals and atolls, all of which are dedicated to tranquil, island style living.
Six of Durrat Al Bahrain’s residential islands have already been developed, consisting of three inner islands and three outer islands of just over 1000 luxury beach and sea front villas. These islands were included in the first and second phases of the project and home owners will be taking delivery of their new homes for both phases from November this year.
Commenting on the new joint venture, Jassim Al Jowder, CEO of Durrat Al Bahrain, said, “This is an extremely significant agreement as it means that additional value will be released to our shareholders and that we now have a new and valued partner to work alongside us in creating Durrat Al Bahrain. It’s fantastic news that we’ll be able to work with a company such as Al Tijaria which has more than 35 years experience in developing real estate. We’ll be working together over the next few years to bring out talents together to create some very exciting and unique residential villas for these islands. We’re also happy to be partnering with a Kuwaiti company, to complement our 50% shareholders, Kuwait Finance House.”
Mr Abdul-Fatah Marafie, Chairman and Managing Director, Al Tijaria Real Estate Co, added, “We are firm believers in the vision of Durrat Al Bahrain and we are excited at the prospect of working with the Durrat Al Bahrain team to create properties and communities that will offer the promise of Durrat Al Bahrain, island living, urban style. We feel this is a unique proposition to home owners in the Gulf and we feel that we can bring our experience to the project to help make it an even better place to live and work for future generations.”
Durrat Al Bahrain will hold a 50% stake in the new joint venture, with Al Tijaria holding 30% and 10% being held both by the Kuwaiti Park Company and the Kuwaiti Commercial Malls Company.



DURRAT AL BAHRAIN EXHIBITS AT CITYSCAPE ABU DHABI


MANAMA - 11 May 2008 - Durrat Al Bahrain, the Kingdom’s largest planned luxury residential, commercial and tourist resort development, announced today that it will be exhibiting at Cityscape Abu Dhabi 2008.
This is the second time the international property investment and development event has been held in Abu Dhabi and attracts regional and international investors, property developers, leading architects and designers to celebrate the very best in real estate, architecture, urban planning and design in the UAE’s capital city.

Cityscape Abu Dhabi 2008 is seeking to consolidate its position to further enhance and support the vision for residential and commercial property growth worldwide to an international audience. This year’s event is expecting over 25,000 participants from 100 countries with 30,000 sqm of exhibition space.

Commenting on the exhibition, Jassim Al Jowder, CEO of Durrat Al Bahrain, said, “Abu Dhabi is one of the most important property markets in the GCC. It currently has new construction projects underway valued are more than $327 billion. Having exhibited last year, we were impressed with the quality of the delegates that we met and spoke to, so it was clear to us that we should return again this year to showcase Durrat Al Bahrain. We’ll be using the opportunity to communicate how Durrat Al Bahrain is an ideal lifestyle destination for those wanting to live a contemporary urban lifestyle based in and around the beautiful waters of the southern Bahrain sea, either as a resident or as a visitor. We’ve achieved considerable progress since we visited last year, and we will be updating visitors on all the latest developments.”

Set in the azure waters of south Bahrain, the 21 km2? development will offer The Islands, designed into two circular rows of six Atolls and five Petals, are 11 islands of 1800 luxury residential villas, gardens and beaches in an enchanting setting offering a sanctuary of peace and tranquillity. The Crescent will be the urban hub of Durrat Al Bahrain, where residents and visitors will be able to lose themselves in a vibrant, cosmopolitan world of sensational dining experiences and exclusive designer shopping, right in the heart of Durrat Al Bahrain. Residents, businesses and visitors will not only be able to live island lifestyles, but they will also benefit from the Golf Course, an 18 hole golf course designed by Ernie Els, the world-renowned golf champion. The Golf Course will comprise a challenging course, a club house, a driving range, a luxury hotel complex and 1400 stylishly designed luxury residential villas and apartments arranged around landscaped waterways. In partnership with Tameer, Durrat Khaleej Al Bahrain will also offer The Marina, one of the region’s leading marinas covering 700,000 m2?, offering 400 berths in a stunning location across three islands. Residents and visitors will be able to sail, jetski, cruise on a motor boat or simply soak up the quay-side activity.



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