The leading privately owned Bahrain-based real estate investment company Bin Faqeeh has announced delivering $270 million worth of projects during the first quarter of 2017.
The projects are The Grand, Plus, The Nest, Dar Tower, Forbes Tower, The Treasure, 360 degrees, and The Tweet.
The new delivery will raise the total number of delivered projects to 30 projects constituting 80% of the ventures in pipeline.
The company chairman Faisal Faqeeh said that the new projects will contribute significantly to the development of real estate sector in Bahrain.
He said that the timing of delivering these projects is crucial as it will give the real estate market in Bahrain a powerful push.
The new deliveries will improve investors’ confidence in the market and will boost real estate trading activity.
In another respect, Faqeeh described Bahrain real estate market as one of the most stable and developed markets in terms of its ability to expand, grow, and yield investment returns.
He pointed out that the market had very high potential to grow exponentially despite the volatility in global oil markets.
Regarding the ongoing projects, Faqeeh said that 30% of construction works has been completed on Water Bay development.
Water Bay is a 588-unit project composed of three residential towers including 196 apartments each.