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Dr. Al-Bastaki "Tubli Gardens - Second Phase" Proceeding as Planned  Join our daily free Newsletter

MENAFN Press - 08/12/2013

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(MENAFN Press) "Manara Developments" Managing Director, Dr. Hasan Al-Bastaki expressed his contentment that second phase of "Tubli Gardens" is progressing smoothly. He stated that the company's operations are progressing as per the timeline developed for this project of which 95% of it has been sold already.

On that note, Dr. Al-Bastaki reiterated that "Manara" is progressing in accordance with the construction deadlines and the published unit handover dates to its owners, emphasizing that the project is 70% completed of which is in accordance with the pre-set timeline for the project.

He said: "Manara Developments has pioneered the property development market and undertaken housing projects of affordable pricing and has, whilst maintaining its fine attention to detail, flexible construction methods, high quality execution, and timely delivery in its projects, promoted its brand both locally and regionally". He stated: "that these are the main elements of "Manara's" work that cannot be compromised, as it is key in ensuring both local and international investors' and homeowners' confidence in the kingdoms real estate market of which is of "Manara's" top priorities".

Dr. Al-Bastaki attributed the astonishing success shown in the sale of 95% of Tubli Gardens “ second phase, to "Manara's" commitment to all its projects to date.

The second phase of "Tubli Gardens" project came soon after the staggering success of phase one of the projects launched three years ago, which encouraged the company to execute the rest of its plans and proceed with phase two of which consists of 38 attached, semi attached and corner villas.

Dr. Al-Bastaki also stated: "The development processes do not stop at a limit. In every project, and every phase within a project, it conducts thorough studies and improvements to the designs and implementation in order to accommodate any emerged technologies or techniques those proven worthy, in an outward look into the positive benefits that will be added to our operations in the implementation of our projects in the future.

Tubli Gardens project “ second phase villas displayed modern architectural designs, as they were designed with a fine eye for the modern Bahraini household culture in consideration of each family's household privacy needs.

In addition, Manara had ensured the adoption of modern
environmentally friendly designs to allow for natural lighting inside the villas, and provided high quality construction materials throughout the various stages of construction.

The company had signed an agreement with Eskan Bank aiming to entitle beneficiaries of Government housing loans and Eskan Bank commercial loans to purchase properties in Tubli Gardens with the option of repayment in installments depending on the building phases as per an agreement between the three parties.



About Manara Developments Company B.S.C. (Closed)
Manara Developments Company BSC (Closed) is a Bahrain - based real estate development company with a diverse project portfolio. Manara is determined to bring new insights, a fresh perspective and an all considered approach to real estate development in the Middle East market.Manara Developments is driven by a core desire to become one of the top regional real estate developers by delivering a distinct portfolio of projects that are sensitive to their surroundings and leave a positive imprint on the community which houses them, from a social, economic and environmental perspective. Wherever possible, the Company will source national resources and will deploy the latest in design, construction and environmental technologies to help deliver socially-aware projects synonymous with quality, sustainability, value-for-money and on-time delivery.The company's mission is guided by a sincere, humanistic 'All Considered' philosophy stemming from a deep-rooted sense of social responsibility “ to develop conscientiously with the best interests of the community in mind and strive to deliver.

 






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