Real Estate

Bahrain’s Cityview tower now complete

September 2018

Bahrain-based Cityview Real Estate Development Company has completed its Cityview residential tower located in the Seef District.

The project, which had been put on hold in 2011, was completed with the help of one of its key shareholders, Ithmaar Bank, which provided the necessary financing.

Ithmaar Holding, an investment firm, owns 51 per cent stake in Cityview development through its subsidiary.

Cityview tower comprises a total of 88 apartments offering amenities such as a gym, health club, and a swimming pool.

On the project’s completion, Cityview chairman Abdulhakeem Al Mutawa says: “This achievement is the result of many entities and people from various technical and financial teams working closely together and creating powerful synergies. These include governmental entities, Ithmaar Development Company (IDC), which represents Ithmaar Group, Dheya Tawfiqi Engineering Consultancy Bureau (DTEB) as the project consultant, Poullaides Construction Company (PCC) as the main contractor and Ithmaar Bank’s Home Finance team.”

“The building is now fully operational with all utilities functional after having received all municipal and authority approvals,” states Al Mutawa.

“With the testing and commissioning successful, we are handing over the building to Olive VFM (a subsidiary of Ithmaar Holding), the appointed facility management team who will be welcoming the first residents,” he adds.  




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