Around 14 Bahraini contractors have been invited to participate in this project, which is considered the largest residential project undertaken by the private sector in Bahrain, where between 2,500 to 3,000 crafted affordable housing units will be developed in KFH-B’s flagship real estate development project Diyar Al-Muharraq, which is planned to be developed in several phases.
It is expected that this project will stimulate several important sectors of the Bahraini economy, especially for small and medium enterprises. The developers will focus on building distinct units in design and detail, with prices not to exceed BD 100,000, depending on the type and size of the housing unit.
Potential buyers can physically view the mock-up villas prior to the purchase process once these villas are ready in October 2011 in order to verify the type of interiors they prefer. Furthermore, KFH-B assures that they will take all necessary steps and measures to avoid any potential future speculation.