Durrat Marina names new sales agent
Manama, July 2, 2013
Bahrain's mega-project Durrat Marina has signed up Circo, a real estate facilities and property management specialist, to manage its sales and marketing services.
Under the terms of the deal, Circo has been assigned the official role of sales and marketing agent for Durrat Marina’s first phase of development.
This covers sales of a residential area, comprising both villas and apartments, as well as a retail area which aims to host a range of restaurants, high end trendy boutiques, and leisure outlets, and a set of investment lands.
The two zones will neighbor a beautifully-designed Marina, which will house over 95 boats and yachts of various sizes. The sale and lease of these developments will offer expatriates and locals alike the opportunity to invest in luxury freehold, water front properties.
Durrat Marina has already seen a good deal of demand for the properties within its first phase, a fact which has been enhanced by the strides made in onsite construction.
Waleed Saffy, the CEO of Durrat Marina, said Circo was selected in appreciation for their commendable track record in managing a number of local properties.
The construction at Durrat Marina, located just north of Durrat Al Bahrain, is well under way, with expectations for the first set of sea-facing villas to be completed by year-end, and work set to begin on the residential buildings offering spacious and well designed 1, 2, and 3 bedroom apartments.
"Additionally, construction of the retail units is set to follow suite, while set-up for the project’s Marina has covered most of its key construction milestones," he added.
Commenting on the deal, Circo CEO Mohammed A. Al Muqbel said, "We are very pleased to be entering into a working partnership with Durrat Marina. Our belief in the project and its deliverables underlies our commitment to its marketing and sales."
"Durrat Marina is a uniquely designed environment which we believe will bring a new level of luxury and class to Bahrain’s standards of living. Our association with the project aims to bring prospective clientele a highly desired property via a smooth and professional process, which we have established through our experience with a number of special residential, commercial, and leisure projects,” he added.-TradeArabia News Service