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CENTURY HOMES, one of Bahrain's leading real estate companies, says demand for two of the kingdom's most prestigious developments Landmark Cityview and Marina Reef (Reef Island) have attracted incredible interest from buyers and investors.
The company achieved an astonishing 52 per cent sales record for the two luxurious residential projects in less than one week.
The projects are being brought to life by Crown Dilmun, a Bahrain-based real estate development company that operates locally, regionally, and internationally.
The Landmark Cityview's location is proving particularly popular.
The luxury 20-storey tower is nestled in the Seef District close to Dana, Seef, A'Ali malls and is just a short drive away from the City Centre development opening later this year.
It will be offering the choice of three bedroom executive suites and luxury one and two bedroom apartments and is due to be completed in April 2010.
The exceptional Marina Reef project is being built in the heart of Reef Island, located next to the Bahrain Financial Harbour and just a 15-minute drive away from the Bahrain International Airport.
The Marina Reef towers offer one, two and three bedroom luxurious sea-front apartments which have been designed to create a unique contemporary living space, complemented by high quality features, finishes and landscaping.
It will be a mid-rise, sea-themed development consisting of three six-storey buildings and is also due to be completed in two years time.
"We have luxurious products in prime locations with international standards, design and amenities," said Century Homes managing director Waleed Abdul Aal Al Fahad.
The two projects, worth a combined value in excess of $100 million, is a joint venture between Shamil Bank and Ebrahim Abdulaal Group (EAG).
"EAG is a well-known and reputed real estate developer and contractor, which has successfully operated in Bahrain and elsewhere for more than 25 years.
"We are pleased to be partnering with them and are confident that the projects we will be jointly undertaking are going to be great successes," said Shamil Bank chief executive and member of the board, Mohammed Hussain.
"It is a great opportunity to be able to forge a partnership with a financial institution having Shamil Bank's calibre. Its strong brand value will help build buyer and investor confidence in the project.
"These are the first of many future projects to be launched through our partnership, within Bahrain and elsewhere in the GCC," added EAG chairman Ebrahim Abdulaal Al Fahad.
