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RealLANDS exit and adds value to the lands nearby Um AlHassam
As a result of the great success in RealSUITES, part of RealCAPITA projects, the lands nearby the development (located in Um AlHassam) fully owned by RealLANDS have been sold with 60% increase within 6 months only. “This is a recognized success to RealLANDS, as we are announcing proudly the increase of land value 40% more than the expected amount” said Mr. Mohammed AlTawash, Chairman of RealLANDS Company. Earlier this year, Mr. AlTawash, predicted the rise of the land value especially the area close to the capital Manama. RealSUITES consists of 68 fully furnished luxurious residential apartments of which 8 are studio apartments, 36 are one bedroom apartments, 20 two bedroom apartments, and 4 with three bedrooms. It will also include a swimming pool, sauna, steam room, squash courts and a gymnasium. The total built area is 64,584 square feet; in which work has commenced few months ago and progress of work at site has reached the first floor. The project is based on high growth in land prices due to the profitability and safety inherent in the business activity within MENA, strong pressure on housing and growing real estate developments in the region. RealLANDS is a Bahrain based company, incorporated by RealCAPITA and other strategic alliance partners. It has an authorized capital of US$ 50 million and paid of US$ 25 million, with a targeted annual return in excess of 20%. It is considered to be one of the leading companies in Bahrain and Middle East for investments in lands. . |
