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CONSTRUCTION NEWS

First Bahrain signs up as Gold sponsor for Gulf Property Show

Apr 2, 2019 5:56 PM

First Bahrain Real Estate Development Company the developer of kingdom s premium project El Mercado Village has renewed its support as Gold Category sponsor for the upcoming Gulf Property Show in Manama....

First Bahrain Real Estate Development Company, the developer of kingdom's premium project, El Mercado Village, has renewed its support as Gold Category sponsor for the upcoming Gulf Property Show in Manama.

The Northern Gulf’s “Window to Real Estate, the Gulf Property Show will run from April 23 to 25 under the patronage of HRH Prince Khalifa bin Salman Al Khalifa, Prime Minister of the Kingdom of Bahrain at the Bahrain Exhibition Centre, said the organisers Hilal Conferences and Exhibitions (HCE).
 
On the expo's significance, First Bahrain’s CEO Omar Faysal Altemiemy said: "The Gulf Property Show is our first choice to promote our projects. The show has delivered tangible commercial and sales success for our projects and we are positive that we will be meeting more future home owners of El Mercado Village this year as well."

El Mercado Village is a beautiful mixed-use community in Janabiya, located next to an upscale neighbourhood market.

It consists of 42 premium homes, which include 8 four-bedroom standalone villas and 34 three-bedroom semi-detached villas.

These homes are designed to offer modern amenities with a classic touch conveniently located on a quiet street just off Avenue 27, offering a direct ride home from Manama in the evenings or the quickest morning commute to Saudi Arabia of any villa in the country.

The outdoor retail centre is anchored by an Alosra supermarket which features a range of cafés, shops and services to meet the needs of the surrounding community, said the statement from HCE.

Of these unit, more than 40 per cent have been snapped up by investors. The remainder are ready for immediate occupancy and title deed transfer on conclusion of a sale, and most importantly, they will be having a special offer for buyers who conclude an agreement during the show, it stated.

Al Temiemy said: "In addition to our homes for sale, we anticipate making a major announcement during the week of the show regarding our next project in Seef We are very excited about the opportunities which lie ahead."

First Bahrain Real Estate creates enduring value for all stakeholders with demand-driven investment approach, operating out of Bahrain and Kuwait, strategically positioning themselves to execute projects across the GCC in compliance with Islamic Shariah, he added.

HCE Managing Director Jubran Abdulrahman said: "First Bahrain have established a reputation as on one of the kingdom’s major developers, by setting a high standard in delivering mixed used - residential, commercial, and industrial - property developments in Bahrain."

"The Gulf Property Show highlights present and future developments in Bahrain and the Northern Gulf, providing the opportunity to promote Bahrain’s property assets as well as regional and international opportunities for investors in commercial and residential real estate," he added.

The Gulf Property Show also carries with it the strategic organizational support of the Real Estate Regulatory Authority of Bahrain (Rera), Survey and Land Regulatory Bureau (SLRB) Urban Planning and Development Authority of Bahrain and Bahrain Property Developers Association (BaPDA).-TradeArabia News Service

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