{"id":512,"date":"2017-01-16T14:28:21","date_gmt":"2017-01-16T14:28:21","guid":{"rendered":"https:\/\/www.weetas.com\/insights\/?p=512"},"modified":"2017-01-16T14:28:21","modified_gmt":"2017-01-16T14:28:21","slug":"5-major-real-estate-contract-wins-in-2016","status":"publish","type":"post","link":"https:\/\/www.weetas.com\/insights\/en\/5-major-real-estate-contract-wins-in-2016.html","title":{"rendered":"5 Major Real Estate Contracts Wins in 2016"},"content":{"rendered":"<p>Even though the real estate market in 2016 has shown a slight improvement in its performance, but a number of real estate contracts have been successfully closed for major real estate projects all over the Kingdom of Bahrain.<\/p>\n<p>Promising to deliver a luxurious and high-end lifestyle to all investors from inside and outside of Bahrain, here is 5 major real estate contracts wins that 2016 brought to Bahrain&#8217;s real estate market.<\/p>\n<p><strong>1. Marassi Residences <\/strong><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-522\" src=\"https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/01\/marassi_residence.jpg\" alt=\"Marassi Residences\" width=\"600\" height=\"782\" srcset=\"https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/01\/marassi_residence.jpg 600w, https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/01\/marassi_residence-230x300.jpg 230w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>The Bahraini-based real estate investment company, Eagle Hills, announced in 2016 that Nass Corporation has been awarded the construction contract for Marassi Residences.<\/p>\n<p>The residential development which sprawls over an area of 875,000 m<sup>2 <\/sup>is located in Diyar Al Muharraq and consists of 281 luxurious one, two and three bedroom apartments.<\/p>\n<p>The two 11-storeys development promotes a high-end lifestyle through its various amenities and facilities which include a gym, kids play area, swimming pools, shopping malls and above all, the property overlooks a 2km white sandy beach.<\/p>\n<p>It is expected that the project will be completed by the third quarter of 2018.<\/p>\n<p><strong>2. Bahrain Marina<\/strong><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-518\" src=\"https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/01\/Bahrain_marina.jpg\" alt=\"Bahrain Marina\" width=\"600\" height=\"782\" srcset=\"https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/01\/Bahrain_marina.jpg 600w, https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/01\/Bahrain_marina-230x300.jpg 230w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>Bahrain Marina Development Company, a subsidiary of the social insurance organization, announced in November 2016 that Al Hassanain Contracting Company has been awarded the construction contract of Bahrain Marina.<\/p>\n<p>The mixed-used development comprises of a five-star hotel, freehold apartments and waterfront villas in addition to shopping area, an integrated entertainment area as well as educational and recreational centers.<\/p>\n<p>The project is scheduled to be completed by 2020 and is expected to be a world-class marina where it will be the main anchorage where a vast number of yachts and boats anchor.<\/p>\n<p><strong>3. Harbor Row<\/strong><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-520\" src=\"https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/01\/Harbor_row.jpg\" alt=\"Harbor Row\" width=\"600\" height=\"782\" srcset=\"https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/01\/Harbor_row.jpg 600w, https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/01\/Harbor_row-230x300.jpg 230w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>GFH, previously known as Gulf Financial Group, a powerful and dynamic investment group in Bahrain announced that AlMoayyed Contracting is the main contractor of Harbor Row Project.<\/p>\n<p>The mixed-used project is a part of the Bahrain Financial Harbor and consists of 450 residential units as well as retail outlets.<\/p>\n<p>It is worth mentioning that the development will include one, two, and three bedrooms apartments in addition to penthouses with high-end finishing that overlook a mesmerizing promenade which offers unique al fresco dining experience.<\/p>\n<p>Up till now, there is no official date by which the project is scheduled for completion, however, Al Moayyed pledge to finish the project in a timely manner.<\/p>\n<p><strong>4. Canal View Project <\/strong><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-519\" src=\"https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/01\/canal_view.jpg\" alt=\"Canal View Project\" width=\"600\" height=\"782\" srcset=\"https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/01\/canal_view.jpg 600w, https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/01\/canal_view-230x300.jpg 230w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>The leading master planning, infrastructure, building design and project management firm, SSH has been appointed the design consultancy contract for Canal View Project located at Dilmunia.<\/p>\n<p>The mixed-used project is located in Dilmunia Health Island in Muharraq.<\/p>\n<p>Sprawling over an area of 13,063m<sup>2<\/sup>, the development features multi-storeys buildings which comprise of 250 residential apartments, retails spaces, international restaurants, cafes, and shops.<\/p>\n<p>Overlooking the canal basin, the project features waterfalls that look over spectacular views of the coast.<\/p>\n<p><strong>5. Ikea<\/strong><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-523\" src=\"https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/01\/ikea_en.jpg\" alt=\"Ikea\" width=\"600\" height=\"782\" srcset=\"https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/01\/ikea_en.jpg 600w, https:\/\/www.weetas.com\/insights\/wp-content\/uploads\/2017\/01\/ikea_en-230x300.jpg 230w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>The kingdom of Bahrain is set to be the home of the largest Ikea store in the GCC where G P Zachariades has been appointed the main contractor for the project.<\/p>\n<p>The Swedish retailer&#8217;s store is scheduled to be completed by mid-2018.<\/p>\n<p>Ikea Bahrain will comprise of a 6,000m<sup>2<\/sup> market hall in addition to a 5,000m<sup>2 <\/sup>self-serve area and 4,000m<sup>2 <\/sup>of full serve area.<\/p>\n<p>Like all of Ikea stores all over the world, Ikea Bahrain will include an eatery which is considered the biggest restaurant in the kingdom with a total capacity of 800 seats.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even though the real estate market in 2016 has shown a slight improvement in its performance, but a number of real estate contracts have been successfully closed for major real estate projects all over the Kingdom of Bahrain. Promising to deliver a luxurious and high-end lifestyle to all investors from inside and outside of Bahrain, &hellip; <a href=\"https:\/\/www.weetas.com\/insights\/en\/5-major-real-estate-contract-wins-in-2016.html\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">5 Major Real Estate Contracts Wins in 2016<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"_links":{"self":[{"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/posts\/512"}],"collection":[{"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/comments?post=512"}],"version-history":[{"count":4,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/posts\/512\/revisions"}],"predecessor-version":[{"id":533,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/posts\/512\/revisions\/533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/media\/517"}],"wp:attachment":[{"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/media?parent=512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/categories?post=512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/tags?post=512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}