date set for amwaj gateway public auction
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Date set for Amwaj Gateway public auction

Arab Today, arab today

Arab Today, arab today Date set for Amwaj Gateway public auction

Bahrain’s Judicial Committee for the Settlement of Stalled Real Estate Projects, has announced that the Amwaj
Manama - Arab Today

Bahrain’s Judicial Committee for the Settlement of Stalled Real Estate Projects, has announced that the Amwaj Gateway development project will be auctioned publicly.

The Committee, which has judicial prerogatives, said that the decision to offer the Amwaj Gateway project for auction came after exhausting all possibilities for a cordial settlement as per the procedures stipulated by decree law 66 for 2014, and was made following extensive consultation with developers and stakeholders. This follows the Committee’s previous success finding sustainable solutions for real estate projects in Bahrain, including most recently the Juffair Views project.

The Committee has also announced the appointment of Cluttons, the leading international real estate consultant, and Mazad B.S.C. (c), the Bahrain-based public auction specialist, to organise and manage the public auction.

The Amwaj Gateway development covers 33,391 square meters of land and will have a total built-up area of around 190,000 square meters once completed. The project consists of 20-storey twin-towers which accommodate 384 apartments and a two-storey building comprising of 93 townhouses. The development also includes a 143-room hotel tower.

Harry Goodson-Wickes, Head of Cluttons Bahrain, commented: “We are delighted to have been appointed alongside Mazad B.S.C.(c) to organise and manage the Amwaj Gateway development and to be working with the Judicial Committee for the Settlement of Stalled Real Estate Projects going forward. The Committee’s actions will no doubt translate into increased confidence levels in Bahrain’s real estate market.

“We anticipate a lot of interest in the Amwaj Gateway Project once it is ready for auction later this year due to the potential of the development and its location. We believe that auctioning the project is the right move and we have already seen that it is an effective method of selling real estate, based on previous auctions in Bahrain and in other countries across the region, including Saudi Arabia and the United Arab Emirates.”

Talal Aref AlAraifi, CEO of Mazad B.S.C. (c), said: “We are very pleased to have been awarded the management of the Amwaj Gateway project alongside Cluttons and believe that auctioning is an important step for Bahrain to boost investor confidence in the real estate sector. The auction is also a great opportunity for Mazad B.S.C. (c) to expand its activity towards real estate auctions and to showcase how transparency and fairness are central to the company’s business philosophy.”

The project will be open to local and international buyers while aiming to encourage investment in Bahrain. The Committee will announce all relevant details in due course, including the date, time, minimum bid and location of the auction

Source: BNA

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

date set for amwaj gateway public auction date set for amwaj gateway public auction

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

date set for amwaj gateway public auction date set for amwaj gateway public auction

 



GMT 12:47 2016 Thursday ,01 September

'La La Land' musical masterpiece dazzles Venice film fest

GMT 12:42 2017 Monday ,20 February

Dalia al-Behairy begins 'Yawmiyat Zoga Mafrosa'

GMT 19:01 2017 Wednesday ,30 August

Oil prices down as US reels from Harvey

GMT 04:19 2017 Monday ,08 May

National forces attack mercenaries in Taiz

GMT 19:21 2017 Sunday ,07 May

Iranian Film Week opens in Baghdad

GMT 21:33 2017 Sunday ,30 July

Arab Quartet meeting kicks off in Bahrain

GMT 17:17 2016 Friday ,07 October

Aleppo bleeds as US and Russia spar

GMT 12:03 2015 Monday ,21 December

Nepal protester killed in constitutional crisis clash

GMT 09:47 2016 Thursday ,22 December

Trump vows to cut F-35 spending, as leaked memo

GMT 21:44 2017 Friday ,15 December

King establishes Hawar Development Committee

GMT 20:57 2017 Tuesday ,16 May

Naval Forces rescue 23 tourists in Hurghada

GMT 12:56 2017 Monday ,11 December

Lyon leave it late, Balotelli with Nice winner

GMT 06:18 2017 Thursday ,19 October

Russian delegation meets with Julphar chairman

GMT 21:20 2017 Monday ,23 October

Nasr, delegation of London Stock Exchange

GMT 14:40 2012 Saturday ,10 March

Magdy Al-Galad steps down

GMT 09:47 2017 Sunday ,12 March

Cat Camp in New York attracts cat lovers

GMT 14:57 2016 Friday ,09 September

Madonna, Ritchie settle child custody dispute

GMT 23:52 2017 Monday ,18 September

UAE economic growth boosting logistics sector
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday