MANAMA: Bahrain’s affordable housing segment is booming as more and more families want to own their own dream homes, according to a leading realty developer.
“We are launching the $25million freehold residential tower Nasmah West in Juffair and half of the units have already been sold before the official launch,” Ishaque Kooheji Chairman of RMK Projects told The24X7News (www.twentyfoursevennews.com).
RMK Projects, a division of RM Kooheji & Sons), had earlier completed many successful projects see Bahrain as a leading property investment destination.
Talking about the financing and debt market Ishaq Kooheji said that the latest project was in talks with Ithmaar Bank and general plenty of financing are available for the real estate developers.
The 25- storey luxury freehold residential tower is the most recent development by RMK Projects, a division of RM Kooheji & Sons. Nasmah West, located in Juffair, consists of 124 quality apartments available at an affordable price with two bedroom apartments starting at just BD 44,000. The tower seamlessly combines functionality with contemporary design and provides a wide range of facilities including a roof top swimming pool, fully equipped fitness centre, squash court and party hall.
Nasmah West is equipped with advanced security management systems and provides 24- hour security with qualified personnel. Parking facilities are available for tenants and visitors alike with four levels of dedicated enclosed parking.
The tower provides residents with scenic views of the city as well as the sea while maximizing their living space. Interested buyers can choose from two units; the Nest and the Oyster. The Nest apartments cover a space of 115 square meters which includes a large living/dining room, two bedrooms, two bathrooms and a contemporary kitchen. The apartment also includes a private balcony and additional storage space. The Oyster apartments cover a space of 107 square meters and include a living/ dining room, two bedrooms, two bathrooms and a contemporary kitchen. The Oyster apartments also include a private balcony and extra storage space.
Prior to the launch of Nasmah West, RMK Projects had successfully completed and had much acclaim with Nasmah, a record selling apartment tower.