Bahrain’s RMK Projects, a division of RM Kooheji & Sons, has launched its latest development, a freehold residential tower in Juffair area of the kingdom.
The 26-storey tower offers two-, three-bedroom apartments and two-bedroom duplex apartments with parking spaces and amenities.
The $30-million Nasmah Star is the company’s third project in the Nasmah line of affordable residential projects, said RMK Projects CEO Ishaq Kooheji, at the official launch held today (April 16) at the Crowne Plaza hotel in Manama.
Committed to the vision “where elegance meets affordablity”, the Nasmah line offers affordable housing solutions without compromising on the quality of materials and fittings used,” stated Kooheji.
Located in the heart of Juffair, the property is within walking distance of major supermarkets and the vibrant Juffair ‘food street’, with easy access to major highways. All apartments offer excellent city or sea views, addeed Kooheji.
The tower offers 137 freehold residential units and three parking levels. Residents will benefit from a host of modern recreational amenities such as fully equipped gym, swimming pool, steam room and sauna, and a pool table.
The prices range from BD49,000 to BD60,000 ($129,104 to $158,086).
“We have received a lot of interest from investors, both local and international, which bears positive implications for the kingdom’s real estate landscape. We believe this is the right time to invest. Piling work is complete for Nasmah Star, and the tower is expected to be ready by the second quarter of 2018,” he said.
The apartment units were first offered in this project to the pool of loyal Nasmah clients and potential waiting list in an exclusive pre-launch event, where more than 50 per cent of the available units were sold out, said the company’s senior officials.
Kooheji said the developer had reached an agreement with Khaleeji Commercial Bank for mortgage financing and that more banks are expected to join soon.
According to him, four different apartment configurations are available, all named after celestial bodies in keeping with the “Star” theme.
The two-bedroom apartment units consist of the Pluto and Galaxy with a built up area of 109 sq m and 117 sq m respectively. The two-bedroom 138-sq-m duplex is called the Venus. Starting from the 21st Floor is the Jupiter, the 183-sq-m three-bedroom apartment, he added.
Source: Tradearabia.com