UAE firm to build affordable homes in Bahrain

UAE-based Nshmi International has signed a 50:50 joint venture agreement with a local private investment company to develop Bahrain’s first integrated community that focuses on middle-income living.

The joint venture has announced the launch of Al Raffah Bahrain, which is set on an area of one square kilometre. Botanical landscapes, walking trails, cycle paths, green spaces, parks, and urban plazas will define Al Raffah Bahrain, a statement said.

Al Raffah Bahrain is scheduled to be developed in four phases, featuring villas, townhomes, apartments, and serviced residences as well as community recreation centres, F&B outlets, retail malls, hotels, and leisure attractions.

Source Credit: Arabian Business
Read full story: http://www.arabianbusiness.com/property/news/381341-uae-firm-inks-jv-to-develop-affordable-homes-in-bahrain

 

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