Marina West property owners plan meetings
Manama, September 24, 2013
Property owners waiting for their new homes at the Marina West project in Bahrain will soon hold three decisive meetings, aiming to keep the pressure on developers who failed to hand over the units by December 2010.
The meetings will be held in Saudi Arabia and Bahrain, Marina West property owners committee sources told our sister publication Akhbar Al Khaleej.
The owners are from 28 nationalities, including 33 per cent Saudis, 20 per cent Bahrainis and 13 per cent British, in addition to investors from Middle East, Asia, Europe, the US and Australia.
The Gulf Daily News (GDN) last month reported that a group of more than 400 Gulf, Arab, Asian and European buyers, who invested in the project to buy 500 housing units, have not received their homes despite filing cases in local courts, submitting two petitions to the government and holding talks with Shura Council and parliament members as well as official and semi-official institutions.
Owners’ committee co-ordinator Hassan Al Hussain also said that the group had already paid 80 per cent of the price of the homes. – TradeArabia News Service