An artist’s impression of the project.

85pc of Naseej’s Bahrain project sold off-plan

MANAMA, 12 hours, 21 minutes
ago

More than 85 per cent of villas in the BD6-million ($15.8 million) Yasmeenat Saar Project have been sold off-plan, the Bahrain-based real estate and infrastructure developer Naseej said yesterday.

The project is a 27-villa residential development opposite the newly-opened Saar Mall, off the Shaikh Khalifa bin Salman Highway, said a report in the Gulf Daily News (GDN), our sister publication.

Naseej chairman Khalid Abdulla Janahi said the project was meant for Bahrainis and GCC nationals.

“The homes are being built to the highest construction standards and offer layout plans that suit today’s living preferences targeting the medium to high-end income brackets,” he said in a statement.

Properties include three-, four and five-bedroom villas ranging in price from BD199,000 to BD320,000.

Naseej managing director Mohamed Khalil Alsayed said the project was expected to be completed by the end of next year.

Dar Al Khaleej Contracting Company is the main building contractor under a BD3.1 million ($8.2 million) contract and Mohammed Salahuddin Consulting Engineering Bureau the design and supervision consultant.

Naseej general manager Ahmed Al Hammadi said construction at Yasmeenat Saar was well under way with site excavation and enabling works progressing rapidly. Foundation and block work are due to commence soon, he added.

The overall plot size of the project is 17,000 sq m, with individual plot sizes starting from 300 sq m and built-up areas ranging from 350 to 480 sq m.

According to the latest assessment by property consulting firm CBRE, Bahrain is expected to see greater demand for residential real estate space in gated communities offering security, on-site facilities and access to the central business district. – TradeArabia News Service