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Bahrain Real Estate News

New Building Materials Company Binaa established in Bahrain -5/6/2008
Khaleeji Commercial Bank has stepped forward to set up a building materials company, so as to serve the retail and construction wholesale markets in the Middle East, Gulf and North African region.

Oryx Hills development from Al Areen unveiled -4/6/2008
One of the leading Islamic banks in Bahrain, Khaleeji Commercial Bank (KHCB), has announced the launch of its Oryx Hills main development at Central Bahrain, which forms a part of the $1billion Al Areen Resort and Residential development.

ADIH launches Al Areen Homes in Bahrain -29/5/2008
A major $32 million development project, namely Al Areen Homes, will be launched by the Abu Dhabi Investment House (ADIH) on the southern part of Bahrain.

BD1bn Uptown project receives go-ahead -29/5/2008
A major Up Town project, worth BD1 billion, likely to come up opposite the Bahrain Mall, has received the go ahead from the Northern Municipal Council yesterday.

$150mn Ishbiliya Village project unveiled -29/5/2008
In view of the upcoming property exhibitions in Bahrain, a multi-million dollar housing project has been launched at the heart of Manama.

Salam Resort Bahrain to be showcased at Cityscape -18/5/2008
The Phase One component of Salam Resort Bahrain, will be showcased during the Cityscape exhibition, a premier real estate development and investment exhibition, being held at the Abu Dhabi Exhibition Center until 15th May.

Binan Saar - housing development to come up in Saar -13/5/2008
A new $47million worth housing development has been announced in Saar.

The $21mn deal for Arcapita Bank Headquarters awarded to Mivan Depa -11/5/2008
Mivan Depa, the Dubai-based contractor has been awarded the $20.

Bahrain hosts leading property exhibitions -30/4/2008
Bahrain plans to host twin exhibitions, Property Arabia and The Worldwide Property Show at the between 28th and 31st May 2008 at the Bahrain International Exhibition Center.

First Bahrain reports 29 percent increase in net profit -30/4/2008
First Bahrain, a leading real estate firm in Bahrain, has reported 29 percent increase in its net profit.

Aswaq announces commencement of leasing at Downtown Al Areen -23/4/2008
Aswaq Management and Services (AMS), the Abu Dhabi-based Emirati-French joint venture, has announced commencement of leasing of its mixed-use property development, Downtown Al-Areen, in Bahrain.

First Bahrain appoints Mace Group to manage Seef project -20/4/2008
The First Bahrain Real Estate Development Company has appointed Mace Group to manage its $450mn development in Seef district in Bahrain.

BD30mn commercial tower underway at Seef district -20/4/2008
A BD30million worth freehold commercial tower will be built in Seef district, reports GDN.

Porta Reef signs $16mn deal to finance Residential projects -17/4/2008
The Porta Reef Real Estate Development has announced a $16mn financing deal with Bank Muscat International and Khaleeji Commercial Bank (KCB) to finance the Porta Reef Residential Project, at the Manama coast.

New USD2bn luxury residential townhouse project, shortly in Bahrain -10/4/2008
Two businessmen in Bahrain are said to be on discussions regarding establishment of a major real estate project, worth USD2billion in Bahrain.

The Salam Beach Resort and Spa project a major boost to Bahrain tourism -10/4/2008
Briefing about the progress of a mega resort, The Salam Beach Resort and Spa project, in the Kingdom, His Majesty King Hamad, acclaimed the pivotal role played by Sama Dubai, towards implementation of such major realty and tourism projects and expressed his admiration for the state-of-the-art designs.

BFH, Investate sign deal for $300mn residential project -10/4/2008
The Bahrain Financial Harbour (BFH), together with Investate has entered into a deal to develop $300 million worth residential and retail project.

Saudis top property ownerships among non-Bahrainis -1/4/2008
Saudis tops the list of foreigners who own properties in Bahrain, reported The Gulf News.

New law enforces buildings to incorporate special facilities for disabled -1/4/2008
Bahrain has passed a draft law, which will enforce all new buildings to include special amenities for the disabled.

Durrat-al-Bahrain announces lighting of its first island -1/4/2008
The largest planned luxury residential, commercial and tourist resort development in Bahrain, the Durrat Al Bahrain, has announced that it has switched on the lighting on one of its islands for the first time, for testing of the infrastructure.

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