Manama, Bahrain:Diyar Al Muharraq, one of the largest real estate development companies in the Kingdom, received a delegation from the Real Estate Regulatory Authority (RERA) headed by His Excellency Chief Executive Officer Shaikh Mohammed bin Khalifa Al Khalifa, on Saturday 24th of October 2020.
Mr. Abdulhakeem Yaqoob AlKhayyat Chairman of Diyar Al Muharraq, and Eng. Ahmed Ali Alammadi, CEO of Diyar Al Muharraq, hosted the delegation providing a guided tour of the site and the project’s latest updates, which comprised the Diyar Sales Office, the Marassi Al Bahrain’s Sales Office, Marassi Shores Residences, which was recently handed over, alongside a visit of the sites of Al Naseem and Al Bareh show villas.
His Excellency Shaikh Mohammed bin Khalifa Al Khalifa was pleased with the progress of Diyar Al Muharraq, and stated, “We are proud of the superior properties and innovations that Diyar Al Muharraq is presenting to the market. In line with our role at RERA to help and elevate the real estate landscape in Bahrain, we look forward to continuing to work closely with Diyar Al Muharraq and provide them with the necessary support for the implementation of the requisite legal framework, and to successfully contributing towards completing both current and future projects in the city.”
During the visit, Mr. Abdulhakeem AlKhayyat praised RERA's initiatives and efforts to enhance real estate development sector growth in the Kingdom of Bahrain, stating, “We are very pleased to welcome His Excellency Shaikh Mohammed bin Khalifa Al Khalifa, CEO of RERA, at Diyar Al Muharraq along with his accompanying delegation to review the latest developments and work progress of various projects around the city. This visit reflects the genuine interest and continuous efforts of RERA to support all real estate projects in the Kingdom. Therefore, I would like to extend my thanks and appreciation to all members of RERA’s team for their outstanding work and continuous support to the real estate sector over the past years.”
Diyar Al Muharraq was keen to collaborate closely with RERA since its establishment in 2017, and contribute to joint endeavours cementing Bahrain as a leading real estate market for local, regional and global investors, as well as enhance the sector's contribution to the National economic growth. Diyar Al Muharraq was the first company to apply for registration with the Authority for Deerat Al Oyoun, making it the first project to be registered with RERA.
Diyar Al Muharraq is currently completing "Al Bareh" residential project, which is the most spacious among its projects, offering a variety of plots and luxury residential villas available with freehold for Bahrainis, GCC citizens and foreigners. There are four different types of project villas, “Al Bahar 1”, “Al Bahar 2”, “Dareen” and “Suhail”, ranging between 484 and 944 sqm. Since last September, Diyar Al Muharraq announced a gradual hand over of Al Bareh villas to the owners.
The company is also working on Al Naseem, an independent residential community situated in the heart of the city, spreading over approximately 328,000 square meters with breath-taking views of canals and the sea. Al Naseem comprises of two key zones, a gated community and a non-gated community, including a wide variety of residential villas and apartments located near a number of retail, leisure, and entertainment facilities with an integrated pedestrian-friendly promenade and a 100-berth marina.
Diyar Al Muharraq is one of the largest integrated cities in the Kingdom, with a focus to preserve Bahraini family values while offering a variety of housing solutions and a luxurious modern lifestyle. It also offers a unique, balanced mix of residential, commercial, recreational, and healthcare facilities, creating a fully integrated and futuristic model city.
© Press Release 2020