BizBahrain April 2016

Real Estate
SSH awarded Diyar
Al Muharraq infrastructure
works
SSH, the leading master planning,
infrastructure, building design,
construction supervision and project
management firms in the Middle East,
was recently awarded the Secondary
Infrastructure Works in Assets 13A, 23B
and 24, on the north eastern coast of
Muharraq Island, by Diyar al Muharraq.
SSH scope of services include design
and supervision of roads, combined
potable and firefighting, foul sewer, storm,
treated sewage effluent, electrical, street
lighting and telecommunications to three
assets totaling over 1 million sqm in area.
Fontana Gardens
scheduled for Completion
Al Kooheji Group firm, The Developers’
BD40 million Fontana Gardens
comprising 13 apartments or 57,523sqm
of residential area spread across three
towers is set for completion on schedule,
Royal Ambassador Property Management
and business development general
manager Eman Al Mannai told a media
briefing at the Fontana Towers in Juffair.
Ms Al Mannai said the project is
almost fully sold off-plan and nine types
of mock-up apartments are ready. Key
features of the project include a mini
golf course with eight holes, largest sky
infinity pool, large Turkish bath, 24 hours
CCTV security, 24 hours reception and
concierge service, indoor swimming pool
and kids water splash playground.
The company said BD1m was spent on
landscaping of the sky garden alone. The
starting price is BD600 per square metre
and Royal Ambassador is assuring net
Muharraq Island is a reclaimed
area that is planned as an eclectic
mix of residential and commercial
developments composed of residential
villas, investment buildings, community
retail centre, mosque and public open
spaces.
SSH have recently won a string of
infrastructure projects in the Kingdom,
following the mobilisation of an
infrastructure team that will cater to
the growing infrastructure demand of
Bahrain.
“This award is a clear vote of
confidence in our local capability and
our in-depth understanding of the
requirements of the Kingdom of Bahrain
and it’s Ministries” said Mark Jamieson,
Infrastructure Director at SSH.
Andrew Barwick, Resident
Director at SSH, commented: “.With
our internationally acclaimed design
and supervision teams we can address
technical queries and interface with
Clients and Authorities at a moment’s
notice. We understand the importance of
our Clients being able to advance their
projects and promote new residential and
commercial areas in good time, allowing
them to be in a strong position to meet
the increasing demand of the market.”
rental return of at least 8-10pc.
“As an additional service, we are
offering top notch interior design service
by international interior designers, we are
charging for production only.”
According to Ms Al Mannai , investors
in the project are from 26 different
nationalities, which confirms that Bahrain
is still one of the better markets for real
estate investment.
The group is very upbeat on Bahrain’s
real estate sector and has projects lined up
in Amwaj Islands and Seef.
Bin Faqeeh launch new
luxury project in Bahrain
Bin Faqeeh Group, a leading real estate
investment firm, is set to break
ground on Layan, a luxury residential
property with a private water park coming
up at Durrat Marina, one of the most
distinguished projects in the Gulf and is
currently valued at $1.3 billion.
The project’s design features a
centralised water park fully encompassed
within the grounds of a residential
complex having more than 200 homes
ranging from studios, one-, two- and
three-bedroom apartments, duplexes,
penthouses and villas.
It will include serviced apartments,
branded residences and villas alongside a
retail strip with food and beverage outlets
facing the main quay walkway and a
multistorey car park.
The property prices at the Layan begin
at BD55,000 ($144,928) onwards, said a
statement from Bin Faqeeh.
A star attraction for the investors is
that each villa in Layan comes with a
combination of a luxury yacht and a car,
it stated. Work on the project will start
by month end with completion expected
approximately 24 months from now, said a
company official.
To celebrate the launch of The Layan
project, Bin Faqeeh had organised the
kingdom’s first “Dining in the Sky” event
which was followed by a two-day carnival
packed with activities and entertainment.
The Layan project unique features include
picturesque landscaping, in-water movie
theatres, in-water restaurants and a wave
pools with a surf area.
May 2016
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