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Saturday, December 5 - 2009

Abaad Real Estate to develop Binan Saar villas

Abaad, a Bahraini real estate investment firm, unveiled its first development project "Binan Saar" the 57 residential units in Saar, one of the most luxurious areas in the Kingdom of Bahrain, with a total cost of $45m.

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  • Type B villa.
    Type B villa.
"Binan Saar will be one of the most distinguished housing projects, with its prime and secure location, accessibility to main roads, schools, and hospitals. It has all the elements that will make Binan Saar a sound investment" said Mr. Ahmed Yusuf , CEO of Abaad Real Estate Company.

"Binan Saar is the name we chose for our project as Binan in Arabic terminology means accuracy in performance and that is how we at Abaad conduct business in the real estate investment sector" added Mr. Ahmed.

The residential project will be built in two phases covering a land area of more than 27,000 sqm, phase one will consist of 35 and phase two will consist of 22 villas, designed to offer a luxurious lifestyle surrounded by a harmonious and serene environment which blends together with the surrounding neighborhood.

"We are confident that Binan Saar with its solid foundation will be a signature development, with state-of-the-art finishing, and world class amenities" Mr. Ahmed concluded.

Having finalized design layouts and obtained final permits from the relevant authorities, the Project has already been tendered and is estimated to be completed by late 2009.

Abaad Company was established in the first quarter of 2007 with a paid-up capital of BD10 million.

It is a fully integrated real estate investment, development and management company operating in accordance with Islamic Sharia principles.
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Notes and media contacts

For more information, please contact Abaad- Corporate Communications Department: Sahayer Al Hashimi (+973 17 511 971)

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