Manama: The launch of $212million Golden Gate project will take the Kingdom’s real estate sector to the new heights of excellence and innovation.
This was revealed by Ishaq Al Kooheji, Chairman of Kooheji Golden Gate, after the official launch of the Golden Gate Development which according to him will put Bahrain on the map of region’s most innovative and unique real estate projects.
He applauded the successful launch of the project saying that the innovation and creativity shown by the developers will make the Kingdom as a trend setter in excellence in the real estate industry.
Golden Gate project is 50-50 joint venture between Bahrain-based Kooheji Golden Gate company and Indian real estate developers Ajmera Realty and Mayfair Housing. The project is expected to change the landscape of real estate in Bahrain as the prospective buyers and investors got briefing on the salient features of the project during the launch which was opened for the public as well.
The launch of the landmark realty project was announced during a ceremony held at the Four Seasons Hotel in Bahrain Bay on Saturday attended by 100s of invited guests, investors, VIPs and media. The project is expected to be completed in 36 months as the piling work has already kicked off after the soft launch of the project few weeks ago.
The grand launch of the Golden Gate project delivered a wide variety of technological displays unveiling the development through an exclusive first look of the property in its entirety. Guests were also treated to a 360-degree virtual reality tour, where they were able to walk through the property and have a virtual experience of living in their homes. Golden Gate has revolutionized the way real estate is viewed by introducing buying off-plan and allowing attendees, buyers and potential buyers to envisage the property and experience what the future of real estate is.
Manoj Ajmera, the Managing Director of Ajmera Realty said that they were thrilled at the launch and expecting a huge success for the Golden Gate project in line with the growing relationship with the partners from the Kingdom of Bahrain.
The Golden Gate project was established under the partnership between Kooheji Golden Gate, an eminent and influential company in Bahrain, and two internationally renowned real estate firms Ajmera Realty and Mayfair Housing, who have had great success in India, delivering a number of commercial and residential spaces in their countries. With years of experience combined, and the ambitious nature of the partners, their innovation and shared philosophy has revived decades worth of trade relations between the two nations, further cementing it with the creation of Golden Gate and for many years to come. This partnership aims at fostering a long-lasting relationship between these two nations and attracting more foreign investment into the country.
The property will be situated in the heart of Bahrain Bay, one of the most desirable locations for residential and commercial developments in the country, with amenities and transport links are easily accessible for the residents to enjoy. Golden Gate will be developed over 140,000 square meters providing striking views of the waterfront and iconic Bahrain landmarks, distinguishing itself from other developments and buildings in the area. Their modernistic interpretation of traditional architecture is Golden Gate aims to become the tallest residential towers in the country, consisting of two towers with 45 and 53 stories and a total of 746 luxurious apartments, starting at BD45,000. The development stands out with its design that fuses two both Bahrain and Indian cultures, paying homage to their rich cultural backgrounds.
“Bahrain was a great choice for our first international venture as Golden Gate Developers, and Bahrain Bay was the best place to begin our journey. We are impressed with the country’s business-friendly mentality and strong worth ethic, which enabled us to create possibilities such as the Golden Gate project, which we hope to make a prestigious landmark. We are proud and honored to be involved and a part of this project,” Nayan Shah, Chairman of Mayfair Housing praises Bahrain Bay in its potential of being one of the best waterfront developments in the world.
