(MENAFN- Gulf Times) Bin Faqeeh, a leading Bahrain-based privately-owned real estate investment, has opened its first office in Qatar.
This, the company said, 'comes in line with its expansion strategy aimed at strengthening its presence in the region.
Bin Faqeeh is considered to be 'one of the first companies in the region to take advantage of the recent positive changes in the real estate regulations in GCC and it opened a number of offices in various markets including Doha.
The company held a launching event at Hilton Hotel in Doha recently, which was attended by a number of real estate agents and dignitaries.
The event was attended by company chairman, general manager and the country manager.
Bin Faqeeh also said that it will start delivering $270mn (nearly QR1bn) worth of real estate development projects to the owners in the first quarter of 2017. This will contribute in giving a strong momentum to the Bahraini local real estate market at the beginning of the new year.
The list of real estate development project that will be delivered includes The Grand, Plus, The Nest, Dar Tower, Forbes Tower, The Treasure, 360° and The tweet.
Faisal Faqeeh, chairman, Bin Faqeeh said, 'It's our pleasure to announce to the owners and investors that a number of our outstanding projects are set to be handed over in the first quarter of 2017, after completion of all luxury finishes, facilities and final touches.
'With the completion of these eight real estate development projects, the total number of delivered projects will reach 30 projects; they constitute 80% of total projects in the pipeline. We are very proud of these consecutive milestones, which contribute significantly to the development of the real estate sector in Bahrain.
'We are confident that the owners will be very happy to get their luxurious residential apartments, which have been designed and built according to the world class standards. We have been very keen to integrate these projects with comprehensive facilities in order to turn them into a perfect living destination for families where they can spend quality time.
'Delivering these projects in the first quarter of 2017 will play a vital role in giving the real estate market in Bahrain a strong momentum. It will positively impact investors' confidence as well as boosting real estate trading activity.
Bin Faqeeh was honoured with the 'Best residential development in Bahrain for their 'marvellous landmark project Layan while also being bestowed with the distinctive award of 'Best development marketing for the same property.
They also jointly received awards within the 'Mixed use architecture category for the innovative properties Waterbay and Layan, alongside Arab Architects, complimenting Bahrain's commitment to revolutionize the real estate industry regionally and globally.
In less than a decade, Bin Faqeeh has successfully established itself as leaders in the market. The company aims to be the benchmark for generating innovative investment opportunities, merging global best practice and regional investment acumen to deliver profitable and value adding ventures to shareholders, clients, business partners, employees, and the communities it serve.
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