Browse
related articles
It is a sector of the housing market which has hitherto been largely untapped, and where there is strong sustainable demand, as seen in the number of families who opt to build on, or adjacent to existing properties.
Sakana's CEO Mr. R Lakshmanan, said:
"Sakana is intent on offering holistic housing solutions and 'Sakana Busaiteen' is the result of market research. Sakana as an innovator and catalyst has with pride taken this step forward to coin this development in keeping with the requirements of the contemporary family. We are glad that Sakana as Bahrain's leading market provider of mortgage finance has been able to develop such a niche concept and make our customers' dreams a reality."
"Sakana's approach to property development is demand-driven, and the 'Sakana Busaiteen' 'model' came about as we are intent on exploring untapped opportunities in Bahrain's real estate market. This latest offering confirms our firm focus on offering a complete customer experience, in this case by providing a convenient and cost-effective alternative for families who wish to stay together," he added.
At 'Sakana Busaiteen' each building is comprised of individual self-contained 3 bed room apartments, with shared common facilities. All the ten heritage residences are individually created to incorporate touches of traditional architecture in their luxurious contemporary design. The compound will offer a selection of facilities for each three-storey home, including parking, a swimming pool and garden area. Each home will be sold to a single buyer. The location offers an easy commute to Manama, as well as Muharraq's commercial centre. Construction is expected to take approximately 14 months with completion scheduled for March 2011.
Property development complements Sakana's existing portfolio of Islamic property financing and property consultancy, and will add further value to its business offer, continuing its success of the past two years since start-up.
Posted by Rana Mesbah
