Seef Terraces begins awarding title deeds

Dadabhai Group, the developer of Seef Terraces has begun the transfer of title-deeds to homeowners in the award-winning freehold project. Hand-over of apartments began in March 2018, four months ahead of schedule, after the project was completed in December 2017, only 19 months after development began in May 2016. The 29-storey Seef Terraces tower comprises 173 apartments – ranging from studios to three-bedrooms - targeted at the mid-range market in a neighbourhood that blends residential, commercial and leisure space.

Talking about the project, Dadabhai Group Managing Director Shabeer Dadabhai said, “We are glad to announce the receipt of all apartment title-deeds from the Survey and Land Registration Bureau (SLRB) for the Seef Terraces project and have commenced their transfer to the owners. “The title-deed registration is an important step towards aiding foreign buyers looking to apply for residency under the property investment scheme in the kingdom. The availability of the title deeds also assists all prospective buyers looking to avail bank home loans from participating banks towards fulfilling their dream of owning a home in this iconic development,” added Dadabhai.

He further said, “Bahraini citizens looking to make Seef Terraces their new home are also able to take advantage of a housing loan through the Ministry of Housing’s Al Mazaya scheme on the basis of immediate registration of the apartments and transfer of title deed.” “Our strength has always been to deliver on our promise of ontime completion and secure the buyers’ property in the Kingdom,” Dadabhai added. Amenities featured at Seef Terraces include landscaped play area for children; barbecue deck; multi-purpose hall; cinema; game-room with table tennis and billiards; tennis, squash and basketball courts; jogging track; fully equipped health club, sauna and Jacuzzi for women and men; infinity pool, sun-deck and outdoor Jacuzzi on the rooftop level.

“The double-height lobby and reception areas have been designed to be warmly inviting and evoke a luxurious feel, then there are three elevators and a service elevator, four levels of parking, a high-tech CCTV security system, with qualified facilities managers,” added Dadabhai. The project’s exclusive sales agent is Pegasus Real Estate’s whose Managing Director Aziz Mithaiwala said over 70 per cent of the apartments have already been sold to buyers that represent 19 different nationalities. “A majority of the buyers are from Bahrain followed by other GCC nationals and expatriates of various nationalities,” he added.

“The availability and immediate transfer of the Title Deeds will certainly encourage prospective buyers looking to secure their home under their name as also take advantage of the home loan options available to them from their preferred bank. Longterm residents of Bahrain are realising the benefit of buying into such a lifestyle-oriented project rather than renting through the convenient mortgage facility, as the amount they pay for their rent is almost the same that they would pay towards owning their own apartment in the project,” said Mithaiwala.