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Mon 13 Jan 2020 02:08 PM

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First homes to be handed over in Bahrain's Villamar project

GFH Properties announces the completion and opening of the residential tower at its Manama waterfront project

First homes to be handed over in Bahrain's Villamar project

The Villamar project is a mixed used residential, retail, hospitality and leisure complex spread over 35,900 sq m at the heart of Bahrain Financial Harbour featuring a built up area of more than 250,000 sq m.

GFH Properties, the real estate arm of Bahrain-based GFH Financial Group, has announced the completion and opening of the residential tower at its Villamar project primely located on the Manama waterfront.

Having secured all the certifications from various government agencies for completion, the process of handover of 150 one to three bedroom units has begun to local, regional and international buyers, the company said in a statement.

The Villamar project is a mixed used residential, retail, hospitality and leisure complex spread over 35,900 sq m at the heart of Bahrain Financial Harbour featuring a built up area of more than 250,000 sq m.

Hisham Alrayes, CEO of GFH, said: “Completion and handover of the residential units at Villamar has been a major priority for the Group and we’re delighted to have now reached this very important and exciting milestone for buyers at the development.

"This is one of the flagship projects on Bahrain’s skyline and we’ve done all we can to ensure the development of one of the most advanced and exclusive residential complexes offering both privacy, from its island location, as well as close proximity and easy access to key business and retail districts in the kingdom.

"As we move to complete the handover, I’d like to express my gratitude to our investors and partners in the project and to the many government authorities whose support was essential to our success.”

Shaikh Hamed Al Khalifa, CEO of GFH Properties, added: “We’re extremely pleased to be announcing this significant development and major show of progress at the landmark Villamar project... we are confident that Villamar will provide an ideal residential environment for buyers that are set to secure their newly completed, state-of-the-art properties."

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