The Real Estate Regulatory Authority (RERA) Ranks Diyar Al Muharraq as the Kingdom’s Most Traded Real Estate Project

Press release
Published September 2nd, 2024 - 08:59 GMT

The Real Estate Regulatory Authority (RERA) Ranks Diyar Al Muharraq as the Kingdom’s Most Traded Real Estate Project
The Real Estate Regulatory Authority (RERA) Ranks Diyar Al Muharraq as the Kingdom’s Most Traded Real Estate Project

Diyar Al Muharraq, Bahrain’s largest real estate developer, proudly announces that it has once again secured the top position as the most traded real estate project in the Kingdom. According to the Q2 2024 Real Estate Market Report published by the Real Estate Regulatory Authority (RERA), Diyar Al Muharraq generated a transaction value of BD 29.59 million, reinforcing its dominance in the sector.

This achievement reflects Diyar Al Muharraq’s unwavering commitment to innovative excellence in sustainable urban development. The integrated city offers an extensive range of residential, commercial, recreational, and healthcare facilities to set a new benchmark for modern and forward-thinking urban living.

The development’s attention to sustainability is evident in its pioneering projects and smart buildings, which utilize renewable energy sources. Additionally, Diyar Al Muharraq has integrated sustainable practices into its construction and development standards, as showcased in its Al Naseem and Al Wasem projects. Furthermore, the city boasts extensive green spaces to enhance the quality of life for its residents.

Commenting on this achievement, Eng. Ahmed Ali Alammadi, Chief Executive Officer of Diyar Al Muharraq said, “We are honored to retain our top position as Bahrain’s most traded real estate project for the second quarter. At Diyar Al Muharraq, we are dedicated to developing world-class projects that foster a vibrant and integrated community. Our focus on innovation, sustainability, and exceptional lifestyle experiences has made us the preferred choice for residents and investors.”

He added, “We remain determined to support the growth of the local economy and raise the standards of real estate development in the Kingdom. We also extend our sincere gratitude to everyone who has played an instrumental role in our ongoing success.”

Diyar Al Muharraq is the largest integrated residential city in Bahrain that offers a luxurious lifestyle while preserving traditional Bahraini family values. The project’s diverse range of housing options, combined with its commercial, recreational, and healthcare facilities, make it a highly desirable destination for modern and integrated urban living.

Background Information

Diyar Al Muharraq

Diyar Al Muharraq is one of the largest real estate development projects in the Kingdom of Bahrain. It is an urban location the blends elements of modern life and the original Bahraini heritage, with its unique mix of residential and commercial projects making it among the best investment opportunities for both personal and commercial assets. Diyar Al Muharraq is located in the northern part of the city of Muharraq, on a total area of ​​12 square kilometres, with 7 reclaimed islands with an area of ​​10 square kilometres and 40 kilometres of waterfronts and picturesque sandy beaches, and aspires to be a sustainable model city for the foreseeable future. Diyar Al Muharraq’s projects will incorporate all the elements that constitute an integrated community in all respects, this includes residential and educational facilities, medical centres, commercial complexes, parks, hotels and ship harbours, making the location an ideal place for families to settle and enjoy a rich social living environment.

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