October 2016, Manama, Kingdom of Bahrain: Leading Bahraini development company Al-Ma’awdah Group appointed the award-winning Impact Estate as sales and marketing agent for its multimillion dollar waterfront residential project, Residence Sharq.
The freehold development, which enjoys a prime location within the US$1.6 billion Dilmunia ‘health island’ master plan, is a low-rise multi-level complex with 282 spacious one, two, three and four-bedroom luxury apartments, townhouses and villas. Impact Estate will provide a full range of sales and marketing services for the project including the project’s launch, marketing and post-sale activities. Residence Sharq is scheduled for completion in 2019.
Al-Ma’awdah Group Marketing Manager Isa Al-Ma’awdah said: “Sales of the homes will kick into full gear with this appointment. Impact Estate’s broad client base, and its strong understanding of the market, made it a good choice for managing Residence Sharq’s sales and marketing activities, and for communicating to the market the unique community offering it represents.”
Impact Estate General Manager, Oksana A. Konyshevska added: “We are proud to be associated with this high quality concept, which offers both a value proposition for investors and an active, outdoor community lifestyle for residents. It will also benefit from its location within Dilmunia, which is expected to be a highly sought-after destination among both locals and expatriates. Residence Sharq’s special place within the master plan will ensure that its views of the Gulf waters and the rest of the island will be a permanent part of its appeal. We are confident that Residence Sharq will offer a distinctive new choice for our clients to consider.“
She added that the homes will offer a high value for buyers and residents: “For example, prices start from just BD61,200 for spacious 2-bedroom apartments and from BD 87,413 only for Duplex Townhouses.”
Designed by Unanime, a French architectural firm headquartered in Lyon, Residence Sharq combines European elegance with a laid-back waterfront lifestyle. The project boasts spacious units with panoramic views and natural lighting.
Residence Sharq 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. The project will commence construction in the fourth quarter of this year. All units will be sold with fully-equipped kitchen and high-standard fitted bathrooms. Al-Ma’awdah Group is a well known name in Bahrain’s construction and real estate development industry, having participated in or led a number of major residential and urban projects within the Kingdom of Bahrain over the past 35 years. It is also the largest supplier of primary construction materials to Bahrain’s mega-projects having worked on many iconic landmarks. Residence Sharq will see the Group continue to offer the luxury and quality the market expects from it.
The project will follow Dilmunia’s strict development guidelines, providing its residents with quiet, yet luxurious, seafront lifestyles. Landscaped gardens, a common gym and infinity pool, a women only gym and infinity pool, a 500 m track, and a seaside cafe are some of the features available at Residence Sharq. With the Bahrain International Airport just 10 minutes away the development is easily accessible to visitors by car.