Diyar Al Muharraq reveals its latest achievements despite Covid-19 setbacks

During an Exclusive Media Tour

  
Diyar Al Muharraq reveals its latest achievements despite Covid-19 setbacks

Manama, Bahrain: Diyar Al Muharraq, the largest real estate development company in the Kingdom of Bahrain, confirmed that the construction and development rate of the masterplan’s projects was not significantly affected by the ramifications of the COVID-19 pandemic, due to its adoption of an innovative and flexible approach to maintain operational sustainability across the development. This was announced during an exclusive media briefing event and field tour of the Diyar Al Muharraq project. The event was held on Wednesday December 2, 2020 and attended by select members of the press as well as social media influencers (SMIs). It followed strict safety protocol to ensure the wellbeing of all attendees.

The latest developments in the masterplan’s advancement of Diyar Al Muharraq were revealed during the briefing session, most notably with key anticipated projects including “Al Naseem,” “Al Bareh,” “Thai Mart,” “Souq Al Baraha,” “Jeewan” and the “Hadiqat Al Diyar”, where remarkable progress has been made despite the impacts of the global pandemic on various practices and sectors.

Chief Executive Officer of Diyar Al Muharraq, Eng. Ahmed Ali Al-Ammadi, received the guests at the Diyar Al Muharraq sales office, where he relayed the latest developments in the masterplan, followed by a field visit to the most prominent projects of Diyar Al Muharraq to showcase the ongoing work and status progress.

During the briefing session, Mr. Al-Ammadi stated: “2020 has been a challenging year across the globe, but – thank God – we have made every effort to overcome the difficulties incurred by the COVID-19 pandemic through utilizing our significant talent pool and resources to ensure business continuity and the completion of our master planned projects in a timely manner. Given the conditions this year, we are proud to say that we have not fallen far behind on our construction schedule, and are pleased with the pace of our current project development as it stands. As we gradually return to normalcy, we remain even more committed to completing our projects and look forward to a journey of growth and success with many more accomplishments in the future.”

The media tour included a stop at the “Jeewan” residential project where Phase 1 is 100% complete and handover of villas already underway since November-2020, while Phase 2 is 98% complete and handovers are ongoing. The third phase of the project currently stands at 69% completion and all work is expected to be completed by May 2021.

The field tour also included a stop at "Souq Al Baraha" project, a commercial outlet with ready-to-rent units designed to combine traditional architectural elements with modern facilities, and set to become one of the key markets within the Kingdom dedicated to popular traditional products. The tour additionally revealed the fully-completed "Hadiqat Al Diyar", an outdoor park and recreational area, scheduled to open very soon. The ?? 32,800 square meter garden attraction will offer a number of facilities to cater to all age groups, including outdoor areas for sports and entertainment, and over 200 parking spaces.

Diyar Al Muharraq is currently overseeing the completion of the "Al Bareh" residential project, which offers a variety of freehold residential plots and luxury villas for sale. Handover of Phase 1 of the “Al Bareh” project has started, while the second phase is set to be launched in 2021. The company is also making significant progress on the "Al Naseem" project, a distinguished residential community located on an area of ??328,000 square meters, with stunning waterfront and city waterway views. Diyar Al Muharraq has also added a new retail outlet to its portfolio, with Thai Mart center, the first Thai-inspired shopping destination in the region, covering an area of ??6,000 square meters and offering a wide range of popular products exclusively imported from Thailand.

Diyar Al Muharraq is one of the largest integrated residential cities in the Kingdom of Bahrain, characterized by its luxurious character that works towards preserving the family values ??of the Bahraini society. The master development incorporates an all-round variety of housing solutions and modern amenities of daily life, offering a unique portfolio of residential, commercial, entertainment and health facilities that embody the model of an integrated modern city.

-End- 

About Diyar Al Muharraq:

Diyar Al Muharraq is the largest comprehensive real estate development project in the Kingdom of Bahrain. It is a typical civilized city that combines the elements of modern life and the original Bahraini heritage due to its unique mix of residential areas and commercial projects, which are among the best investment opportunities for the purpose of personal use or commercial investment. Diyar Al Muharraq is located in the northern part of the city of Muharraq, on a vast area of ??reclaimed land of more than 10 square kilometres along 7 islands and 40 kilometres of waterfronts and sandy beaches, and it aspires to be a sustainable model city for the foreseeable future. Upon completion of all its projects, “Diyar Al Muharraq” will include all the elements that form an integrated society in all respects, most notably educational facilities, schools, medical centres, recreational facilities, commercial complexes, parks, hotels and ship harbours, thus becoming the ideal place for families to live in within a society that is rich in its social texture.

Send us your press releases to pressrelease.zawya@refinitiv.com


© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases