65pc Porta Reef sold

Sixty-five per cent of the Porta Reef freehold three-tower residential project has been sold as part of phase I.

The $1.25 billion freehold development project, located on Reef, will cover an area of 579,000 sqm. It is a joint venture between the Bahrain Government and Mouawad Group for Real Estate Development Company.

"We have received excellent regional demand and response from clients to purchase property within the freehold Port Reef project," Porta Reef chairman Fawaz Ali Al Jowder said.

"The prime location of Porta Reef is significant to the project and residents - as it has a sea view and close to the Bahrain Financial Harbour, the upcoming City Centre, Seef Mall and other commercial areas."


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