“You can print money, manufacture diamonds, and people are a dime a dozen, but they’ll always need land. It’s the one thing they’re not making any more of.” — Lex Luther, in Superman Returns, back in 2006.
Looks like Lex Luther was debating upon the simple economic laws of demand and supply as evidenced by the remarkable uptake of land which was made available for public sale on Dilmunia at Bahrain, earlier this month.
In 2013, when Ithmaar Development Company (IDC) placed notifications that there would be residential sea-front land made available on an ambitious man-made island off the coast of Muharraq, they all sold out on the first day!
Mohammed Khalil Alsayed; “Residents of Bahrain were given the opportunity to build their dream homes by the sea when plots of residential, sea-front land were made available for sale on Sunday morning. The near instant market reaction, with over 67% of all plots sold in one day, is extremely encouraging.” — Mohammed Khalil Alsayed, Chief Executive and Member of the Board
In total, there were thirty-seven plots offered for sale, organised around a child-friendly central green park area to create Temara, a calm, serene and exclusive neighbourhood in southern Dilmunia at Bahrain, which is a mixed-use development built on a man-made island off the coast of Muharraq.
Mohammed Khalil Alsayed; “The success of the Temara projects, stands testimony to growing investor confidence in Bahrain’s economy and its real estate industry.”
Temara offers a range of plots from 596 square meters (SQM) to 1,488 SQM so even the most ambitious dream home can be comfortably accommodated. The neighbourhood is accessible by two roads, for easy access by road or foot, with a roundabout allowing free flowing traffic in and out of the neighbourhood.
Mohammed Khalil Alsayed; “Temara is a low density development of 22 sea facing and 15 coastal plots, all of which are south facing. All the plots are thoughtfully sized in depth and length, with a minimum 15m width and upwards of 40m in length, to accommodate both a large villa with a specious garden and a large car park in front. Sea front plots can also benefit from jetties and access to the sea, if required.”
Dilmunia at Bahrain aims to tap into the fast-growing health and wellness industry, which, as reported by Deloitte Centre for Health Solutions, is estimated to have exceeded USD 100 billion globally by the end of 2012. In addition to this, Dilmunia’s location in close proximity to the Bahrain International Airport, and its easy access to Saudi Arabia via the King Fahad Causeway, gives it further appeal to international investors.