New residential development to take shape in the heart of Bahrain Bay
A new residential development known as ‘Golden Gate’ has been announced by Golden Gate Developers. The developer is a JV between Bahrain’s Kooheji Golden Gate and Indian real estate companies Ajmera Realty and Mayfair Housing.
The development will be spread over 140,000sqm and will provide views of the waterfront and Bahraini landmarks, which the developer says will distinguish the project from others in the area. The developer also says that Golden Gate aims to have the tallest residential towers in the country; one standing at 53 stories and the other at 45. A total of 746 apartments will be spread across both towers.
Golden Gate is said to feature design that fuses Bahraini and Indian cultures and pays homage to their rich cultural backgrounds.
The project was launched at a ceremony held in the Four Seasons Hotel in Bahrain Bay. According to a statement, guests were given a 360-degree virtual reality tour, which allowed them to digitally explore the property and experience living in its homes.
Speaking at the launch, senior officials said the JV between Kooheji Golden Gate and Ajmera Realty and Mayfair Housing represents ‘a partnership to change the landscape of real estate in Bahrain’.
“The innovation and creativity that we have shown will only propel Bahrain into the spotlight, making the Kingdom an exemplar of excellence in the real estate industry,” said Ishaq Al Kooheji, chairman of Golden Gate Developers.
This partnership between the three companies aims to foster a ‘long-lasting relationship between these two nations and attract more foreign investment into the country’, officials said.
Ajmera Realty MD Manoj Ajmera added, “We are thrilled with the way the launch has taken off and are expecting only bigger and greater successes for the Golden Gate project and our growing relationship with the Kingdom of Bahrain.”
Mayfair Housing chairman Nayan Shah dubbed the project as one of the best waterfront developments in the world. He explained, “Bahrain was a great choice for our first international venture as Golden Gate Developers, and Bahrain Bay was the best place to begin our journey. We are impressed with the country’s business-friendly mentality and strong worth ethic, which enabled us to create possibilities such as the Golden Gate project, which we hope to make a prestigious landmark. We are proud and honored to be involved and a part of this project”.