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|21 April, 2019

"Manara" Committed to the Real Estate Development Sector as the Strategic Sponsor of "Gulf Property Show"

Sharing Progress on 5 projects and Offers Reservations and Sale

Dr. Hasan Al Bastaki - Managing Director - Manara Developments

Dr. Hasan Al Bastaki - Managing Director - Manara Developments

Manama: Manara Developments Company reaffirms its commitment and contribution to the development of the local real estate sector as the strategic sponsor of the seventh Gulf Property Show that starts tomorrow under the patronage of his Royal Highness Prince Khalifa Bin Salman al Khalifa, the Prime Minister of Bahrain, and will continue until the 25th of April at the Bahrain Exhibition Centre.

Managing Director Dr. Hasan Al Bastaki stated: “Manara’s sponsorship of this event underscores two main goals; firstly its commitment to providing all means of support to the real estate sector by facilitating the exchange of ideas amongst all parties operating within this sector, and second, the aim to connect with its audience of investors of existing and prospective customers the latest project developments and all information surrounding the implementation of its on-going projects. He noted that Manara - who had obtained a real estate developer license from the Real Estate Regulatory Authority (RERA) last year to be amongst the first within the sector to obtain this license - will showcase a rich variety of investment and residential projects in the exhibition’s largest pavilion of 126 square meters.”

At the forefront of its projects is the Unique Hasabi multiuse waterfront project which homes sea-view villas of 3 and 4 bedrooms, some with a private jetty. The project also allows for retail, coffee shops, and restaurants establishments to serve the daily living requirements of its residents in a waterfront setting. The project also holds beach facilities as well as three and four story apartment buildings, a sandy beach, and an Entertainment island with a range of facilities aimed for a comfortable family-centric lifestyle. Prospective owners in this project may follow the developments of this project as it approaches the end of the land reclamation phase within this month.

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Manara’s pavilion will also include the latest developments in one of its leading development projects that represent a major leap in the logistics and light industry sectors for Manara and Kingdom of Bahrain as a whole that is progressively expanding and growing, namely, the “Investment Gateway – Bahrain” project. A model of the project showing the project’s first phase that was completed in 2018, in addition to the second phase mainly focused on the land reclamation works currently underway. Manara has allocated 23 million square feet for this phase following the success witnessed in phase one, mainly attributed to the unique features of the facility and the ownership structure that grants the investors the ability to start work in the plots upon completion of the ownership formalities. “Investment Gateway – Bahrain” is the largest light industry project available for freehold ownership in the Kingdom of Bahrain spanning a total of ​​29 million feet for both the first and second phases.

On the residential front, Manara will also showcase “Wadi Al Riffa” Project model showcasing the project units that consist of 126 attached villas in total. Registering interest and reservations for phase one units will also be offered to exhibition visitors. Moreover, Manara also will showcase residential” Wahati” and “Kenaz Al Bahrain” Projects and the remaining available units for sale to those interested Bahraini Buyers. Manara is keen on executing its projects as per the highest standards in terms of design and construction quality notwithstanding the environmentally friendly standards to meet the needs of a diverse and wide segment of modern Bahraini families in line with the national strategy and its aim towards the provision of appropriate housing solutions to its residents. 

Manara has established a number of leading residential projects that portray its ability to adopt the most advanced design and construction standards and its philosophy that forms the basis of these projects. This has been established in its notably successful projects delivered in the past such as “Tubli Gardens”,” Wahat Al Muharraq”, “Investment Gateway – Bahrain”, “Kenaz Al Bahrain” and other pipeline projects that fall within the company’s strategy.

-Ends-

About Manara Developments Company B.S.C. (Closed)
Manara Developments Company BSC (Closed) is a Bahrain - based real estate Development Company with a diverse project portfolio.  Manara is determined to bring new insights, a fresh perspective and an all considered approach to real estate development in the Middle East market.

Manara Developments is driven by a core desire to become one of the top regional real estate developers by delivering a distinct portfolio of projects that are sensitive to their surroundings and leave a positive imprint on the community which houses them, from a social, economic and environmental perspective. Wherever possible, the Company will source national resources and will deploy the latest in design, construction and environmental technologies to help deliver socially-aware projects synonymous with quality, sustainability, value-for-money and on-time delivery.

The company’s mission is guided by a sincere, humanistic ‘All Considered’ philosophy stemming from a deep-rooted sense of social responsibility – to develop conscientiously with the best interests of the community in mind and strive to deliver.

For more information, please contact:
Mr. Nawaf Ali Alghanim
Manager – Marketing and Corporate Communications
Mobile : +973 39 820 121
Tele        : +973 17 518 667
Fax           : +973 17 131 074
Email      : n.alghanim@manara.bh 

© Press Release 2019

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