Diyar Al Muharraq, one of the leading urban developers in the Kingdom of Bahrain, proudly announces the successful turnout for the reservations and sales of the first phase of Deerat Al Oyoun Social Houses for the beneficiaries of Ministry of Housing’s ‘Mazaya’ Scheme, which took place on Saturday the 17th of September 2016 at the Sales Office in Diyar Al Muharraq. With 133 units up for sale, 70% were sold amounting to 10 million Bahraini Dinars.
Commenting on the success, Dr. Maher Al Shaer, Chief Executive Officer of Diyar Al Muharraq stated: “We are very pleased to have received such huge turnout on reservations and sales of the first phase of ‘Deerat Al Oyoun’. The project has witnessed a high demand from the second day of Eid Al Adha, with keen citizens willingly lining up to get priority on housing units suitable for them. The Management Team also took the time to eagerly visit queuing customers to ensure their satisfaction and comfort whilst they waited for sale time.”
“We would also like to extend our gratitude towards those who have contributed to the success of the sales process, especially the Ministry of Housing for their continuous support towards the project. We are proud to have established an entrusted relationship with the Ministry which has resulted in various strategic initiatives aimed at providing sustainable housing solutions in effort to meet the housing demands of the citizens.” he further added.
Located in the heart of Diyar Al Muharraq, the ‘Deerat Al Oyoun’ community will span across 1.2 million square meters and will comprise an idea residential community with integrated community service centers and green pack spaces. Its strategic location also places it in close proximity to schools, shopping malls, public beaches, recreational facilities, mosques, medical facilities, and a modern transportation network. The anticipated date for the Project’s first phase completion is February 2018.
The Social Housing Scheme ‘Mazaya’ is a housing service represented in the Ministry’s support offered to the beneficiary to obtain financing from a participating bank for the purpose of purchasing a housing unit, whereby the beneficiary pays back in installments what represents 25% of his/her monthly income, while the government, through the Ministry, is committed to provide its financial support that covers the remaining of the monthly installments at the financing bank. Benefiting from ‘Mazaya’ is open to all existing housing applications of any type of housing services or to any citizen, who fulfills the scheme’s eligibility conditions.
Diyar Al Muharraq is a unique master planned city for the people of Bahrain offering a range of housing options and quality lifestyle. Diyar Al Muharraq offers a cohesive mix of residential and commercial properties with a strong lineup of projects aimed at creating a long term and sophisticated township.