Three new residential developments will add to Naseej’s current portfolio valued at BD218.4 million ($580.8m) that it has delivered over the last 10 years.Announcing Nasayim Arad, BarBar and the Investment Lands Project as its latest ventures, the company said it has built more than 2,981 homes across Bahrain, ranging from social and affordable, to medium and high-end residential units.Comprising a combination of villas and land plots for sale at competitive prices, Nasayim Arad is targeted at beneficiaries of the Housing and Urban Planning Ministry’s social housing schemes.Located in Arad, the seafront development overlooks the fort and bay, and is within walking distance of Seef Mall Muharraq, also in close proximity are the Bahrain International Airport, retail areas, hospitals, school and sports clubs.As part of the design and development of the Nasayim project, Naseej plans to incorporate smart home technology into the homes. This will allow residents to make future enhancements to their homes that can reduce waste, water, energy, and cooling usage.Work is well underway with Al Ansari Engineering Consultants contracted to design and implement the infrastructure works related to the villas.The eighth project to be developed by Naseej in the kingdom is the Barbar development, located in Barbar-Budaiya within the Northern Governorate.Spread over an area of 150,000sqm, the project will also comprise of land plots and residential villas and is meant for the social housing scheme beneficiaries.In 2021, Naseej and its joint venture partner Ithmaar Holding Company signed a partnership agreement to develop the project, which is expected to be completed in 2024.Naseej is also planning to launch a new mixed-use development near the main access of Amwaj Islands.The project will cover an area of 125,000sqm and will have a larger portion allocated for residential villas and units. The development will also have a land sale component.The area is home to several key developments and facilities, such as the International School of Choueifat, New Amwaj Cinema, and retail component. The project is expected to be completed in 2024. (ICE Doha)

Fonte notizia: Gulf Daily News