RealCAPITA, Bahraini investment real estate firm, has announced today the start of constructions at RealRESIDENCE site, located in Hidd area (North), with a total cost of $37 million & the Constructor for pilling will be Keller (a member of the Keller Group).

“Proudly as we stand today with our partners to announce the inception of RealRESIDENCE residential project, wishing to continue the success till the end” said Mr. Mohammed Al Tawash, Vice Chairman and President of RealCAPITA.

“This step will sure be added to the success we have achieved in the short period since the announcement of RealRESIDENCE Company, that will place us in a prime position where we can achieve the targets of our shareholders and clients” he added, “We are heading in the right direction at the perfect pace to pursuit the growth and targets, whereas Hidd area is one of the new area as it is considered one of the finest residential sites in Bahrain, not to mention the proximity to Khalifa Bin Salman Port, which RealCAPITA is the first developer in this area”.

“One of the main reasons to chose Hidd area is because proximity to Shaikh Khalifa Causeway & the linked network of highways leading to all Bahrain & also to Bahrain International Airport, also to Amwaj Island, besides the diversification we have in RealCAPITA in providing creative investment solutions for our clients.

RealRESIDENCE is a residential development consists of 8 buildings, 8 floors, holding more than 144, with luxury design. Units are available from 1, 2 & 3 bedrooms.

RealRESIDENCE is being developed on an area of 63,000 sqm and the launch of units will be by this Third quarter of the year, to hand over the keys to buyers by Second Half of 2010.

RealCAPITA, the main developer of RealPALAIS, is a Bahraini specialized investment real estate firm, established in February, 2006 with an authorized paid-up capital of US$65 million, aiming to develop signature developments across MENA, region, and Europe.

(In the picture: Mr. Mohammed Al Tawash (Vice – Chairman & President), Mr. Hasan Al-Mansoor (Vice President – Finance), Mr. Mohd Dhaif (Director, Real Estate Development), Mr. Hasan Abdul Rahim (Principal Project Development) & from Keller Company Mr. Imtiaz Ahmed (General Manager) & Mr. Mohd Zaman (Project Engineer) & Mr. Mehboob Ali (Project Co-ordinator) in the site.