2009-03-23
All construction works finshed in RealSUITES
RealCAPITA, A Real Estate Development Company in Bahrain have announced the completion of all construction finishing, and delivery of electricity in "Real Suites" project, tow elegant residential towers in Umm Al Hassam in the capital Manama, and just after less than two years of development, work has begun and construction . The 11 floor project consists of 68 fully furnished apartments.
On this occasion, Mr. Mohammed Tawsh Vice-Chairman of the Board of Directors and Chief Executive Officer of the company said, Real Suites is the first project developed by RealCAPITA in the Kingdom of Bahrain, and the completion of the construction is a great addition to the company's outstanding record of achievements and in spite of the short life of the company.
Tawsh added: "This project reflects the outstanding commitment of the company's residential long-term obligation to its strategy development and move-away from the principle of real estate speculation, despite the difficult conditions experienced by the real estate market now. We committed ourselves through the process of finishing the construction and the highest and latest standards of construction to reflect the aspirations of the company emphasizes its commitment to create an image of high standards and high level of construction and finishes.
The building will be managed by our team from the Real Estate Management Department to ensure the quality of services provided to residents. We have currently started renting the units to continue as an addition to the projects portfolio that produces income to the company. We are witnessing a high level of leasing potential as the building is one of the premium buildings in this distinctive area of the capital, known with its integrated infrastructure and the nature of peaceful life.
Mr. Mohammed has commended on the unlimited cooperation and efforts provided by the water and electricity bureau for connecting power to the project in record time as stated: "We extend our deepest thanks and appreciation to His Excellency the Minister Fahmi bin Ali Al Jowder minister in charge of electricity and water, and His Excellency Dr. Abdel Majeed Al-Awadi, Chief Executive of the electricity and water on the unlimited support and cooperation received by the officials of the bureau, and it is reflecting the government's support of good investment climate and Real Estate projects in our precious kingdom.
RealCAPITA has launched the Real Suites project in the first quarter of 2007, within the luxury residential towers sector in the Kingdom of Bahrain. RealCAPITA have started the development of residential towers in the Umm Al Hassam area, the towers consist of 11-storeys each and the total value of the project U.S. $ 12 million. The building consists of 68 residential units of various sizes, fully furnished on a total land area of 14,510 square feet and total build up area of 12,037 square meters. The towers also contains all the health and recreation facilities such as swimming pools, squash courts and sports halls.
RealCAPITA, headquarters Kingdom of Bahrain, a Real Estate investment company that were able, within a short period to make their way in the world of investments with its successful projects, that left a mark in the various countries of the world.
The company was founded in 2006 with paid up capital of U.S. $ 65 million, and initiated work until today, with more than ten projects distributed over the Kingdom of Bahrain, the Gulf States, Middle East, Far East, North Africa and Europe.
On this occasion, Mr. Mohammed Tawsh Vice-Chairman of the Board of Directors and Chief Executive Officer of the company said, Real Suites is the first project developed by RealCAPITA in the Kingdom of Bahrain, and the completion of the construction is a great addition to the company's outstanding record of achievements and in spite of the short life of the company.
Tawsh added: "This project reflects the outstanding commitment of the company's residential long-term obligation to its strategy development and move-away from the principle of real estate speculation, despite the difficult conditions experienced by the real estate market now. We committed ourselves through the process of finishing the construction and the highest and latest standards of construction to reflect the aspirations of the company emphasizes its commitment to create an image of high standards and high level of construction and finishes.
The building will be managed by our team from the Real Estate Management Department to ensure the quality of services provided to residents. We have currently started renting the units to continue as an addition to the projects portfolio that produces income to the company. We are witnessing a high level of leasing potential as the building is one of the premium buildings in this distinctive area of the capital, known with its integrated infrastructure and the nature of peaceful life.
Mr. Mohammed has commended on the unlimited cooperation and efforts provided by the water and electricity bureau for connecting power to the project in record time as stated: "We extend our deepest thanks and appreciation to His Excellency the Minister Fahmi bin Ali Al Jowder minister in charge of electricity and water, and His Excellency Dr. Abdel Majeed Al-Awadi, Chief Executive of the electricity and water on the unlimited support and cooperation received by the officials of the bureau, and it is reflecting the government's support of good investment climate and Real Estate projects in our precious kingdom.
RealCAPITA has launched the Real Suites project in the first quarter of 2007, within the luxury residential towers sector in the Kingdom of Bahrain. RealCAPITA have started the development of residential towers in the Umm Al Hassam area, the towers consist of 11-storeys each and the total value of the project U.S. $ 12 million. The building consists of 68 residential units of various sizes, fully furnished on a total land area of 14,510 square feet and total build up area of 12,037 square meters. The towers also contains all the health and recreation facilities such as swimming pools, squash courts and sports halls.
RealCAPITA, headquarters Kingdom of Bahrain, a Real Estate investment company that were able, within a short period to make their way in the world of investments with its successful projects, that left a mark in the various countries of the world.
The company was founded in 2006 with paid up capital of U.S. $ 65 million, and initiated work until today, with more than ten projects distributed over the Kingdom of Bahrain, the Gulf States, Middle East, Far East, North Africa and Europe.