Manama - Manara Development Company

Manara Developments Company prepares to meet its clients at the Gulf Property Show that will be held under the patronage of His Royal Highness Prince Khalifa Bin Salman Al Khalifa, Prime Minister of the Kingdom of Bahrain from the 24th to 26th of April at the Bahrain International Exhibition Centre of which it will be introducing two of its unique projects specifically aimed to fulfill the needs of modern Bahraini families, and executed to the highest of design and construction standards. 

Dr. Hasan Al Bastaki, Managing Director of Manara announced that the company will be showcasing models of the units of two of its unique housing projects, namely Wadi Al Riffa and Hasabi for pre-booking by perspective home owners. He pointed that “Wadi Al Riffa, an affordably priced project consists of 126 attached villas constructed on a land spanning 180 sqm while built-up area spreads over 234 sqm”. Hasabi, a multi-feature project, was designed in line to meet the latest housing trends, and homes with waterfront villas of 3 and 4 bedrooms, some of which have their private jetty. The project also allows for waterfront commercial establishments such as coffee shops, restaurants to serve the daily living requirements of its residents. The project also holds waterfront facilities as well as three and four story apartment buildings.  

The development also features an exclusive 40 thousand square meter entertainment island situated at the center of the project, dedicated to the entertainment of its residents and investors and provides recreation activities for owners and their guests to enjoy the swimming and beach facilities and services provided in addition to the sandy beaches, panoramic pools, a children’s playing area, health club, as well as floating villas resort offered on a daily and weekly rent basis to serve the guests and visitors of the owners and residents of the project.

Dr. Al Bastaki also added that the two projects are on the verge of receiving the necessary permits to prepare the site and launch to the public. The timeframe expected for the construction of both projects is approximately 24 months.

“Manara” will also be providing brochures of both Kenaz Al Bahrain and Wahati that were launched earlier for the participation of its visitors interested in its previous projects.

The two projects represent an important addition to Manara’s contributions to the Kingdom’s real estate sector. Manara’s participation in the upcoming exhibition comes within the framework of adopting the latest market trends and in line with the aim of establishing an active cooperation amongst the public and public sectors and its emphasis on linking the real estate and financial sector under one roof that strives to meet the requirements of both sectors to the highest of standards.

Manara is considered amongst the first companies to provide affordable accommodation to meet the growing demand from young Bahrainis since later in 2013. On that note, Dr. Al Bastaki affirmed that Al Salam Bank - Bahrain, the parent company, is the primary partnering bank to provide financing to Bahraini beneficiaries of this initiative after signing a similar agreement with Al Eskan Bank.

“Manara” has launched a number of leading housing projects that achieved the criteria within the Kingdom in both construction and execution that is in line with the philosophy of which these projects are built upon as it has achieved notable success in its past projects, namely Tubli Gardens, Wahat Al Muharraq, Investment Gateway - Bahrain, and Kenaz Al Bahrain and others that contribute the company’s strategy.

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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 2018