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Bahrain Property | Continues to remain attractive to investors
By property | November 9, 2008
Bahrain realty sector continues to remain attractive to investors
When the rest of GCC region is undergoing fears of property correction, Bahrain realty sector continues to remain attractive to investors.
The forthcoming projects in Bahrain are generating good response when otherwise the investor response is dull in other sectors.
The Chairman of the Dadabhai Group, Mohammed Dadabhai, launched the $100mn West End Tower, a new high-end freehold commercial development in the Seef financial district.
Dadabhai when speaking during the launch, revealed that 20 percent of the total project has already been booked by leading investors during the pre-launch of the project.
Real estate is no-doubt one of the safest sectors when compared to other investments, he added. The Dadabhai Group is firm about its investments in the real estate sector. Bahrain is one of the most competitive property markets in terms of pricing or value for money. Bahrain, which is also the banking hub in the region, is one of the most-sought destinations for new investors and start-up businesses, he said.
Dadabhai continued that despite the crisis within the global economic market, the business must go on. The strategic location and close proximity of Bahrain to the Saudi Arabia (region’s largest economy), makes Bahrain market a unique opportunity for investors.
The West End Tower is an ultra luxury office development project targeting business that lay emphasis on an exclusive ambience for conducting their business operations. It is designed to incorporate sophisticated infrastructure, state-of-the-art technology, luxury amenities and best in comfort and convenience.
Standing high at 36 storey, the West End Tower spreads across an area of 25,413 square feet and a total built-up area of 515, 558 square feet. It will include 144 offices, health club, three business centers, swimming pool, spa, multi-cuisine restaurant, high-speed wireless broadband internet, satellite television, 8 storey car parking, and abundant natural light.
“We are confident that such a project will satisfy the needs of a growing customer base that seeks a sophisticated working environment. Bahrain continues to maintain its reputation as an attractive business destination. West End, will no doubt, emerge as a focal point for regional and global conglomerates,” Dadabhai said.
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