Cityscape Exhibition 2022 attracting great exposure to Bahraini market

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By Nayla Barakat

 

Manama, Nov. 25 (BNA): Completed projects of Marasi Bahrain costing around $1 billion and others under construction worth $150 million are on display at the Cityscape Bahrain at the Exhibition World Bahrain in Sakhir.

 

Bahraini real estate developer Maher Al Shaer, Managing Director and Vice Chairman of Bareeq Al Retaj said that the Marasi Bahrain’s completed projects, including the mall, cost around $1 billion.

 

 "There are other projects worth $150 million that are under construction - The Marasi Vista, Marasi Park and Marasi Terraces. I can say that we are doing great with the sales of all these projects," he said.

 

Al Shaer, who is making exhibition debut this year, said that they have successfully completed the construction of one of their major projects - the Marasi Bahrain Mall – and that it is targeted to open in September.

 

"The construction of one of the biggest malls is complete with all the elements around it. The Address Hotel, which is a unique project with a beachfront, opened last week and is open to the public. This hotel is set to become the biggest attraction alongside a mall and it will greatly support the tourism industry."

 

The Cityscape Bahrain 2022 exhibition adds a new dimension to the real estate sector of Bahrain and having this exhibition is a start of stepping into new heights to property and business development, he added.

 

"The real estate sector development slowed down at the time of the global pandemic of COVID-19. But now, we can see that this sector is improving a lot as compared to last year, starting with the construction progress and sales," he said.

 

"We are achieving our targets and all the projects that we have in hand are progressing well. Residential and villa type projects are popular as compared to the apartment as there is limitation. Overall, we are happy with the progress of the real estate sector."

 

Cityscape Exhibition 2022 is attracting a lot of exposure for the Bahrain market that will add value after the exhibition with good sales, he said.

 

"Bahrain is a sustainable market that has the right project and value."