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Reef Real Estate Finance Company and Amwaj Gateway Company, signed a memorandum of understanding that established Reef as the end-user financier of choice for Amwaj Gateway.
Announced earlier this year in a collaborative Press conference, Amwaj Gateway is located at the entrance of Amwaj Islands and is set to be one of Bahrain’s most luxurious gated communities.
The project, which was developed by RealCAPITA and Yara Investment Company, spans approximately 360,000 sq ft and will be developed to house six 20-storey towers that will accommodate approximately 550 units.
The development will house all the facilities and infrastructure required to offer a luxurious lifestyle including condos, apartments, a hotel, restaurants, commercial outlets, town houses, swimming pools, gymnasiums and a private beach.
The signing which took place at RealCAPITA’s headquarters marked a mutual commitment from Reef and RealCAPITA to providing investors and end-users with access to the best in real estate opportunity.
The foundations for Amwaj Gateway are to be laid by November, and the $183 million project is aimed for completion within 30 months.
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