Manama: Bahrain-Based real estate developer Bin Faqeeh has showcased the Waterbay mixed use project in Bahrain Bay, which is spread over 15,000sqm.

The event was held at
the Four Seasons Hotel yesterday and attended by top officials.

The company’s property consultant Mohamed Fareed Alawadhi previously told the GDN that $500 million was invested in ongoing and completed projects.

Work on the project, valued at about BD20m ($53m), started in June and is estimated to be completed by end of 2017.

The project will have studio apartments with prices starting at BD50,000 and bigger two- and three-bedroom apartments with the biggest of them all being the penthouse, priced at BD300,000.

The project is freehold and available for sale to both GCC residents and foreigners.

Other Bin Faqeeh projects include Dar Al Salam on Reef Island, The Treasure on Dilmunia Island, The Grand and The Breaker in Seef District, 360 Durrat Marina in Durrat Marina and The Nest in Sanabis.