Press Releases

October 2017, Manama, Kingdom of Bahrain: The construction of Amwaj-based boutique residence Raheel-3 has been completed, and the building is ready to open its doors to owners and potential tenants. 

The residence boasts 28 well-appointed units with panoramic sea and island views and modern facilities including an outdoor swimming pool, fitness center with a steam room, sun deck and barbeque area.  The discerning clients will enjoy an island-style living  combined with comfort of an exclusive residence.   There are one-bedroom units with the total area of 85 sq.m., two-bedroom apartments ranging from 106 sq.m up to 119 sq.m. and spacious three-bedroom units with balconies and total size of 147 sq.m. The two-bedroom Penthouses feature the terraces and offer ample space of 177 sq. m.

The sales and marketing of the building is carried out by Impact Estate.  The company provides full services including sales, marketing and assistance with units handover.  Oksana A.K., General Manager of Impact Estate says: “Understanding the clients’ needs is a core of our strategy.  We follow the market demands and are ready to provide A to Z services to the clients of Raheel Residence 3.”

Award winning Impact Estate w.l.l. is a subsidiary of Impact w.l.l. and is a privately held full-service real estate company based in the Kingdom of Bahrain.  The focus of the company is to provide unrivalled and specialized service and consultancy in the real estate sector.  The company’s expertise covers project marketing including feasibility studies, market assessment and project launching, property and building management together with rental activities and tenancy management, commercial and residential property brokerage as well as relocation.

A diversified team of highly competent and knowledgeable professionals with a considerable experience is keen to help clients successfully meet their real estate objectives. Personalized client service and high professionalism attract developers and landlords as well as individual and corporate clients. Impact Estate has a strong reputation built on providing solutions, trust, respect, and responsiveness and is now one of the most sought after companies for real estate advisory and consultancy in Bahrain.  The company has a proven track record having successfully completed numerous client projects worth in excess of US$ 200 million. More information on our services is available at www.impact-estate.com.

Impact Estate w.l.l. has joined forces with one of the most prestigious developers in the United Kingdom and is now offering affordable international property investment for discerning buyers in Bahrain.

Located near the University of Salford the Purpose Built Student Accommodation provides a stable rental income combined with hassle-free investment management.  Lately, the high quality student accommodation has become one of the UK’s strongest and popular property investment. This property sector has become globally recognized as a desirable and sought-after investment.

Recently appointed Head of international Properties Department, Ms. Patricia Powell, says: “We provide a unique opportunity for investors with a limited budget.  With the student apartment starting from only BD44,000, the buyer gets a “hands off” investment with an annual yield of 6.3%”.  British national, Ms. Powell has joined Impact Estate to manage  department of International Properties and Special Projects. With over 22 years of managerial experience in Bahrain and UK, Ms. Powell is planning to increase the company’s international properties portfolio to include more investment opportunities in Europe and UK. At the moment, the Impact Estate’s international portfolio includes properties in UK, Cyprus and Turkey.

Award winning Impact Estate w.l.l. is a subsidiary of Impact w.l.l. and is a privately held full-service real estate company based in the Kingdom of Bahrain.  The focus of the company is to provide unrivalled and specialized service and consultancy in the real estate sector.  Impact Estate was founded in 2008, and over the years has successfully completed numerous projects worth in excess of US$ 200 million.  As a result of company’s various services and the outstanding market knowledge, Impact Estate achieved prestigious Arabian Property Awards for two consecutive years, including ‘Best Real Estate Consultancy in Bahrain’, ‘Highly Commended Real Estate Brokerage in Bahrain’ and ‘Highly Commended Real Estate Marketing’.

The company’s expertise covers project marketing including feasibility studies, market assessment and project launching, property and building management together with rental activities and tenancy management, commercial and residential property brokerage as well as relocation.  A diversified team of highly competent and knowledgeable professionals with a considerable experience is keen to help clients successfully meet their real estate objectives. Personalized client service and high professionalism attract developers and landlords as well as individual and corporate clients. Impact Estate has a strong reputation built on providing solutions, trust, respect, and responsiveness and is now one of the most sought after companies for real estate advisory and consultancy in Bahrain.  More information on our services is available at www.impact-estate.com.

25^th April 2017, Manama, Kingdom of Bahrain: The award-winning Impact Estate w.l.l. and Al Talae Real Estate Development, a subsidiary of Al-Ma’awdah Group,  are set to present the exclusive waterfront residential project Residence Sharq at the Gulf Property Show, which takes place at the Bahrain International Exhibition and Convention Centre on 25-27 April 2017.

The Dilmunia-based freehold development is a unique residential complex with 288 elegant one, two, three and four-bedroom luxury apartments, townhouses and villas.  Developed by a prominent Al-Ma’awdah Group, Residence Sharq offers a high value investment combined with a luxury of seaside living.  The project boasts spacious units with panoramic views and natural lighting with areas starting from 101 sq.m for one-bedroom apartments, and going up to 339 sq.m for four-bedroom townhouses.  The development is scheduled for completion in 2019.

Oksana A.K., General Manager of Impact Estate says: “We are honoured to present this tastefully-appointed project at the Gulf Property Show.  I am confident that location, pricing and quality of the Residence Sharq will attract attention of the numerous visitors of the exhibition.  This time we also will offer a special promotion for the duration of the Property Show – a two-year maintenance fee grace period for anyone who will purchase a unit.”

Project’s prices start from just BD61,200 for large 2-bedroom apartments and from BD87,413 for Duplex Townhouses.

January 2017, Manama, Kingdom of Bahrain: Impact Estate, an award-winning full-service real estate company, showcases Dilmunia-based waterfront project Residence Sharq at the Bahrain City Centre , from 25th till 29th of January, 2017

This year, at Bahrain City Centre  Impact Estate is exclusively presenting Residence Sharq.  The new project of the leading Bahraini development company Al-Ma’awdah Group offers high-end luxury units with areas starting from 101 sq.m for one-bedroom apartments, and going up to 339 sq.m for four-bedroom townhouses.  Spacious waterfront units with premium quality finishing provide residents with island style living in Europe-inspired setting. Prices start from BD61,200 for 2-bedroom apartments.

Special and Exclusive offers available stand visitors during the expo.

Impact Estate was recently appointed by the Al-Ma’awdah Group as a sales and marketing agent for Residence Sharq. The project is scheduled for completion in 2019.

Manama, 24 January 2017: One of the pioneering Shari’a-compliant banks in the Kingdom of Bahrain, Al Salam Bank-Bahrain, and leading Bahraini construction materials and development company, AlMa’awdah Group, signed an agreement to create a real estate development escrow account, marking the official sales launch for Residence Sharq, a multimillion dollar seafront project located within the $1.6 billion ‘health island’ masterplan, Dilmunia.

The project, being built by Al-Ma’awdah Group subsidiary, Al Talae Real Estate Development, is a freehold development, offering 282 spacious, ergonomically designed homes in a low-rise multi-level complex. The one, two, three, and four-bedroom apartments, townhouses, and ‘sky villas’ (standalone homes perched on the roofs of the townhouse blocks) offer panoramic views and natural lighting, with European style designs by French firm, Unanime Architects.

Facilities, including common and women only gyms, a landscaped garden, a private cinema, a running track, a children’s playground, water playground and pool, and two infinity pools, create a comfortable community lifestyle for residents.

The escrow account model agreement is in accordance with Law No. 28 of 2014 and the Central Bank of Bahrain’s Resolution No. 20 of 2016, which protects buyers and all stakeholders in development projects by ensuring that the utilization of funds raised be solely for the developments in which they have invested.

Al Salam Bank-Bahrain Deputy Group CEO – Banking, Anwar Murad said: “We are proud to be working with Al-Ma’awdah Group on one of the Kingdom’s most exciting lifestyle projects. Both Residence Sharq and Dilmunia are major additions to Bahrain’s seafront property market, and for Al Salam Bank to be chosen as a trusted partner adds further depth to our experience in managing real estate escrow accounts, while creating more confidence for investors looking for properties to buy.”

Al-Ma’awdah Group Executive Director, Jassim Al-Ma’awdah added: “As one of the most trusted Shariacompliant banks in Bahrain, we have confidence that Al Salam-Bank Bahrain is the right partner for Residence Sharq. We keep the interests of our projects’ stakeholders in mind at all stages of progress, and adherence to legislation and buyer-protection is a top priority for us in delivering maximum value to home buyers.” Residence Sharq boasts a prime location on the seafront of the 125-hectare Dilmunia island, one of the Gulf region’s most unique master planned concepts. Emphasizing greenery, open spaces and healthy living, Dilmunia was conceived as a modern take on the mythical Garden of Eden, which was said to be located in ancient Bahrain.

The island is a project of Ithmaar Development Company (IDC), a developer and manager of major real estate projects spanning the residential, commercial, hospitality, wellbeing & healthcare, and infrastructure sub-sectors. IDC has put in place stringent developer requirements to ensure that only the highest quality projects are approved for inclusion in Dilmunia.

Among these are an adherence to the healthy living theme, high construction standards, strict building height limits, and a commitment to preserving the overall coherence of the gated island community.