Promoseven Holdings, a leading real estate developer in Bahrain, has announced that its latest project, Diyar Alkhair, has now joined the list of real estate projects being implemented under the Mazaya programme. 

 

This will allow citizens who meet the terms of Mazaya to benefit from the programme in buying a residential unit in this project, which is located in the Sanabis area and includes different types of apartments, with prices starting from BD50,000 ($131,872).

 

Lauding the housing ministry's move to involve private players in the project, Promoseven Holdings Group Chairman Akram Miknas said: "This will help reduce the cost of housing units by increasing supply and encouraging creative development and innovations in the field of planning, design, and implementation."

 

"Diyar Alkhair project comes to meet the needs and requirements of the real estate market, and as a national contribution to support the government's relentless efforts to provide more housing units to the increasing numbers of citizens, with qualitative benefits that suit their income, stated Miknas.

 

Ibtissam Laitoum, the head of the real estate at Promoseven Holdings, said the entry of the Diyar Alkhair project in the list of projects of Mazaya programme comes within the framework of the basic concept on which the project is based, which is to meet the housing needs of the Bahraini citizen through creative solutions that professionally adopt implementing of the sustainable housing methodology, to provide adequate housing for Bahraini citizens with limited incomes.