Affordable housing project launched in Bahrain
Manara Developments to deliver 3845 affordable residential units by 2015
Strategic plans have been completed to deliver 3845 affordable housing units within five years throughout Bahrain, by the country’s Manara Developments.
Referred to as a “strenuous and persistent effort” between the public and private sectors, the project will see a “wide choice” of houses and apartments in six locations across the country, in line with market demand.
“We consider ourselves partners with the government of the Kingdom of Bahrain in seeking to provide housing units which suit the average income in the Kingdom, as well as those related to the above middle income,” said Dr. Al Bastaki, managing director of Manara Developments.
“As suitable housing is one of the important determinants of developments in the Kingdom, this is part of Manara’s philosophy which takes the interests of all into consideration,” Al Bastaki added.
In addition to providing units, which meet standards in design, size, construction quality and finishes, the company will also offer “alternatives to affordable finance”.
Manara Developments is also working on two other projects Al Muharraq and The Bridge, both located in the Muharraq Governorate, with The Bridge also close to the Shaikh Khalifa Bin Salman Causeway.
