Date set for Amwaj Gateway auction
Manama : The Amwaj Gateway development project will be auctioned publicly on October 31st 2017, announced Bahrain’s Judicial Committee for the Settlement of Stalled Real Estate Projects,
The auction will be held at Ministry of Justice at 11am with a starting price of BHD36 million.
Welcoming the decision, Harry Goodson-Wickes, Head of Cluttons Bahrain, said: “Cluttons has received a positive response from investors since our appointment on the project and we are excited for the future of Amwaj Gateway.”
The Amwaj Gateway development covers 33,391 square meters of land and will have a total built-up area of around 190,000 square meters once completed. The project consists of 20-storey twin-towers which accommodate 384 apartments and a two-storey building comprising of 93 townhouses. The development also includes a 143-room hotel tower.
The project will be open to local and international buyers while aiming to encourage investment in Bahrain.
Interested bidders may contact Cluttons on +973 1756 2860 or email auction@cluttons.com
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