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Bahrain-based Islamic mortgage provider Sakana Holistic Housing Solutions and developer RMK Projects threw open the doors of two show apartments at the 'Nasmah' residential Tower in Juffair giving investors and would be residents the chance to see what is on offer.
The opening was attended by Ishaq Al Kooheji, president and CEO of RMK Projects, along with R Lakshmanan, CEO of Sakana.
Mr Al Kooheji said: "This is the day we have been waiting for. We wanted to show our customers the quality apartments we had committed to develop and we are grateful to them for placing their trust in us.
"Now we are focusing on completing the pending project and ensuring a smooth handover. The handover is expected to occur by the end of December 2009."
The project has a diverse mix of buyers with more than a dozen nationalities who have purchased the properties either for end use or investment purposes.
Nasmah, which means 'a breath of fresh air' in Arabic, is an affordable freehold apartment tower valued at $20 million. It consists of 120, two-bedroom apartments, each with a balcony and offering either a city or seaside view.
The building has a rooftop swimming pool, a fully-equipped fitness centre, a dedicated car park, squash court, event hall and other amenities.
Mr Lakshmanan said: "We are extremely pleased with the project's progress particularly in these challenging times. We have been able to sell out the project in record time by providing affordable and quality apartments." Sakana's advisors were available on site to assist with inquiries relating to the project and mortgage finance.
