Water Bay: The new residential complex in Bahrain

DT News Network

Manama

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Bahrain Bay Development welcomes a new investor on board, Bin Faqeeh Real Estate Investment Co.  The leading property firm in Bahrain has purchased three land parcels for its new residential complex project titled ‘Water Bay’ the first of its kind to be constructed in the landmark development of Bahrain Bay.  

Water Bay will feature three distinct 10-storey residences with around 600 luxury apartments, a retail floor and a common basement car park extending below the buildings and also the roads between the parcels.  Design is well underway and construction will start later in 2015.  Located on the north shore of the Bay and separated from the Bay only by the Bahrain Bay promenade, the apartments in Water Bay will have spectacular views onto the Bay, including the Four Seasons resort, the new Avenues development and the Bahrain World Trade Centre.  The first of the three residences has an expected date for completion in 2017 and the development will be enhanced by a host of leisure facilities such as swimming pools, gymnasia, saunas as well as a wide range of supporting and restaurant outlets.  

Bahrain Bay Development Board Member, Hisham Al Raee and its CEO, Gagan Suri welcomed Bin Faqeeh Real Estate Investment adding,  “We are delighted to welcome such an esteemed organisation as Bin Faqeeh amongst our investors in Bahrain Bay.  We are confident that the strategic initiatives that we have jointly undertaken will deliver some brilliant new concepts and ideas “.  

Expressing his pleasure at being partnered with such an iconic project as Bahrain Bay, Bin Faqeeh complimented Bahrain Bay for its visionary masterplan, its strong core of ethics and values and its highly professional team.  He added that the Development’s distinct infrastructure which is already in place and operational, had been developed in an equation of sustainability, all which served as attractive incentives for investors to be a part of the project.