Al Kooheji Group firm The Developers’ BD40 million Fontana Gardens comprises 413 apartments or 57,523sqm of residential area spread across three towers, Royal Ambassador Property Management sales and business development general manager Eman Al Mannai told a media briefing at the Fontana Towers in Juffair.
Royal Ambassador Property Management is also a part of the group and the exclusive manager and sales agent for all Fontana brand properties. Ms Al Mannai said the project is almost fully sold off-plan and nine types of mockup apartments are ready.
“So far many units have been sold due to the unique features of the project and the good reputation of the developer and contractor.”
Key features of the project include a mini golf course with eight holes, largest sky infinity pool, large Turkish bath, 24 hours CCTV security, 24 hours reception and concierge service, indoor swimming pool and kids water splash playground, she added.
The company said BD1m was spent on landscaping of the sky garden alone.
“We promise a high end product worth the money paid for, if not more, the project has already appreciated by 29 per cent since launch,” she added. The starting price is BD600 per square metre and Royal Ambassador is assuring net rental return of at least 8-10pc.
“As an additional service, we are offering top notch interior design service by international interior designers, we are charging for production only.”
According to her, investors in the project are from 26 different nationalities, which confirms that Bahrain is still one of the better markets for real estate investment.
The group is very upbeat on Bahrain’s real estate sector and has projects lined up in Amwaj Islands and Seef.
“It is obvious that Bahrain is witnessing improvement in development and infrastructure in the past few years with the construction of new roads, new bridges and new access roads in and out of vital areas,” Ms Al Mannai said.