Ahmed Mansour, general manager of Union Real Estate Company, that the company markets real estate schemes value 15 million BD in many areas around Bahrain including Jawaher scheme.
Mansour added that Union Real Estate marketed around 70% of Salmabad project which is a residential and investment project with prices starting from 24 BD per foot. Mansour expected the whole project to be totally sold out by this year.
As for Jawaher project Mansour said that its considered as one of the most significant real estate schemes marketed by the company in Bahrain. The project was displayed three weeks ago and its located on the road leading to KSA near Saraya 2 project.
About the real estate market performance in Bahrain Mansour predicted the market to keep up the high number of properties deals with probability of temporary drop by 70% during Ramadan and summer vacations. He referrec during his statement to Al Ayam newspapaer to the slow pace of lands planning which alienates many foreign investors from Bahrain.