Articles
Companies

Home / NEWS / Bahrain’s Water Bay residential project to complete in Q1 2019

Bahrain’s Water Bay residential project to complete in Q1 2019

by James Morgan on Nov 23, 2017


Bin Faqeehs Water Bay is being developed within the kingdoms $2.5bn Bahrain Bay master-planned community.
Bin Faqeehs Water Bay is being developed within the kingdoms $2.5bn Bahrain Bay master-planned community.

RELATED ARTICLES: Bahrain: $66m Hilton Bahrain Bay to open in 2020 | Bahrain Bay sees progress with 68% of plots sold | Site Visit: Bahrain Bay district cooling plant

Bahrain’s Water Bay is on track to complete in Q1 2019, according to Gagan Suri, chief executive officer of Bahrain Bay, the master-planned community within which the project is being developed.

A three-tower luxury residential development, Bahrain Bay is being developed by Bahrain-headquartered real estate company, Bin Faqeeh.

In addition to its three towers, the project will feature a shared podium, ground-level retail, and common parking.

READ: Bahrain Bay on course to complete within 10 to 12 years, says CEO

Water Bay’s towers are currently under construction, according to Suri, who revealed that buildings one, two, and three have reached their sixth, fourth, and second floors, respectively.

Commenting on the progress of the wider community, Suri told Construction Week: “At present, approximately 18% of Bahrain Bay is complete. An additional 10% is currently being developed by Bin Faqeeh, so that puts us close to 30% [either complete or under construction].”

Elaborating on the importance of Water Bay’s estimated completion date of Q1 2019, the Bahrain Bay CEO added: “Assuming this deadline is hit, it will take us to our 30% target of vertical development.”

To read the full interview with Suri, check out issue 678 of Construction Week, which will be published on Saturday, 25 November, 2017.



Advertisement




Articles
Companies