Bahrain-based Al Saraya Properties said that it’s investing $200 million, which is equivalent to BHD75 million, to establish 9 real estate projects in different areas around Bahrain.
The company’s general manager “Reda Abdul Halim” said that Al Saraya Properties will deliver 4 projects this year, while the other five projects are still under construction.
The total cost of the new projects to be delivered this year is BHD7.4 million. These projects are “Dragon”, “Al Reem 1”, in addition to “The Peak” and “View Terrace” projects located in Amwaj. The whole projects include 74 residential apartments and 16 villas.
As for social housing projects, Abdul Halim said that the company plays a pivotal role in developing this sector by catering low-cost residential units like “Al Fareeda”, “Reem 2”, and Seef “Reem 3” projects.