A substantial percentage of the project’s spaces have already been leased to local and international investors
Bahrain-based real estate development company Diyar al Muharraq has announced that construction work is in full swing at its master planned destination Souq Al Baraha, in Bahrain.
According to a statement from the developer, more than 40% of the project has been completed and is due for the official opening at the start of the second quarter of 2021. Souq Al Baraha has a built-up area of 20,242 sqm. and covers a total land size of 64,202 sqm. It also includes leasable space totalling 13,431 sqm. and comprises 468 stores and 20 office units, the statement added.
The project aims to provide visitors with an integrated shopping experience complemented by 686 parking spaces. The retail hub is located in the centre of the development and is in close proximity to the main residential, commercial and entertainment hubs within the masterplan.
The statement added that Al Moayyed Contracting is the main contractor on the project. So far, a substantial percentage of the project’s spaces have already been leased to local and international investors, it added. The market contains indoor commercial spaces and various outdoor kiosks, making it an ideal shopping destination not only for the project’s residents but for all visitors from across the kingdom, according to the developer.
Engineer Ahmed Ali Al Ammadi, CEO of Diyar Al Muharraq, said: “We are extremely happy to see that the progress of construction works on Souq Al Baraha is well within the agreed timeframes, which further reflects our commitment to timely delivery of all projects while adhering to the highest quality standards.”
“Souq Al Baraha is a unique addition to the Diyar Al Muharraq project portfolio, and has been designed with aesthetics of traditional architecture that reflect the authentic culture of the people of Bahrain. We look forward to celebrating the completion of this project in 2021,” he added.