Mr Waleed Saffy, Chief Executive

Mr Waleed Saffy, Chief Executive

Durrat Marina participates in Cityscape Global 2016

Durrat Marina, a leading real estate development project and one of the Kingdom’s prime examples of marina lifestyle has confirmed its participation in Cityscape Global 2016. A major regional residential and commercial real estate showcase, Cityscape Global will be held at the Dubai World Trade Center, UAE, (DWTC) from 6 to 8 September 2016 under the patronage of Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai..

Durrat Marina will seek to highlight its ongoing and upcoming projects at Cityscape Global 2016, which represents a critical platform for reaching real estate market participants. The presence of a panel of developers and project companies means the general public and those specifically interested in the industry will find a solid selection of projects to explore.

On his part, Mr. Waleed Saffy, CEO of Durrat Marina said: “Through our participation, we not only indicate our support to the sector at a regional level, but also reiterate our contribution to our local economy, and to supporting growth sectors such as tourism, leisure, and retail through our integrated development. We are proud of our contribution towards this and of the progress we have made towards achieving our vision for a marina-based luxury development. With the current progress of Phase I of the project, we are turning our concept vision into a reality.”

Othman Janahi, CIO of Durrat Marina said "Showcasing our project will encourage further investments in Phase II of Durrat Marina as it has already established a reputation regionally as one of the best investment opportunities in Bahrain."

Durrat Marina is a sophisticated, state-of-the-art project, distinguished as the Middles East's one of the first mixed-use marina development. Durrat Marina will showcase progress on Phase 1 of its overall development, including completion of the marina which is currently operated by Port Marine, the villas, and construction of residential buildings, developed by Durrat Marina and other reputable real estate companies such as Bin Faqeeh and Master Construction, as well the marina promenade which will host an array of cafes and retail outlets, and will enable the creation of a “downtown” arena for both Durrat Al Bahrain and Durrat Marina residents and their visitors. Stage 1 of Phase II infrastructure works of the project have been completed to make way for the construction of a new set of canal facing villas and other prime residential developments by third party developers such as the mega Layan project. The Durrat Marina team will be introducing the investment opportunities in the project and will be taking interest on plots of land available for development. On each project, the group prides itself on delivering maximum value to investors and end-users.

Durrat Marina is a Bahraini Company jointly developed by Inovest with a 60% share and Durrat Khaleej Al Bahrain with a 40% share equally shared by KFH and Momtalakat. Durrat Marina is established under the laws and regulations of the Kingdom of Bahrain for the principle purpose of developing and selling premier Marina & Real Estate establishment in the Kingdom.

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