Bin Faqeeh, a Bahrain-based, privately owned real estate investor and developer, has delivered more than $1.2bn-worth of projects since its inception in 2008. Here, general manager Abdulrahman al-Kooheji discusses the firms commitment to building exceptional projects that meet global standards and best practices.
Bin Faqeeh general manager Abdulrahman al-Kooheji
What projects is the company currently working on?
Bin Faqeeh is proud to own a large portfolio of projects offering a wide range of real estate options. So far this year, we have delivered five different schemes, including the Plus, Nest and Grand towers, the Tweet residential development and, most recently, Dar Tower.
Other projects in the pipeline include 360 degrees, The Treasure development, Forbes Tower, Hidd Heights, Spark Residence, The Storm building, the Al-Sidra gated community, Waterbay and Layan. Some of these schemes are expected to be delivered this year.
Bin Faqeeh launched an ambitious five-year plan in 2015. What does it involve?
Our Limited 5 plan entails the launch of an exclusive, limited edition project each year for five years, starting in 2015. These properties reward their residents with luxurious lifestyle experiences unlike any in the GCC. With each limited edition project developed, we aim to set the level of expectation higher.
Waterbay by Bin Faqeeh
The Limited 5 plan commenced with the development of Waterbay, an exclusive residential apartment building with a commercial shopping area on the ground floor. It is a project in which mesmerising urban Arab architecture is perfectly blended with an elite lifestyle experience.
The plan also saw the launch of Layan, a mixed-use project set in a green, picturesque landscape. The meandering waters of a 300-metre pool await the residents of this property. Layan is located in Durrat Marina, otherwise referred to as the Jewel of Bahrain.
In the coming years, we plan to launch other outstanding projects, positioned at the forefront of the regions real estate sector.
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In June, the company introduced an app, claimed to be the first dedicated real estate app for smartphones and tablets in Bahrain. What other creative ideas have been implemented?
Bin Faqeeh is considered the most innovative real estate developer in Bahrain. This is evident through many initiatives and deliverables. The real estate mobile app is just one of our innovations that keep our clients updated with our latest news and events. During the Gulf Property Show, the company introduced mobile virtual reality holographic technology to allow visitors to virtually walk through the companys leading projects and explore their architectural designs.
How has Bin Faqeeh displayed a commitment to sustainability?
As a leading real estate developer, we are committed to protecting the environment. International studies show that property development uses more energy than any other sector and it is a major contributor to carbon emissions globally.
We have taken many steps to reduce the environmental impact of our projects. We are the first developer in Bahrain to adopt the latest technologies in home and office automation, allowing tenants and homeowners to reduce their electricity usage and carbon footprint. The company is committed to using biodegradable, environmentally friendly materials whenever possible, and has introduced low-energy appliances, including LED lighting, to reduce energy consumption. We also use special water-supply systems to reduce waste.
Can you provide some examples of strong client and supply chain relationships?
Bin Faqeeh is a real estate provider that involves the entire real estate supply chain, from project planning and development to after-sales services. This is why the group established a subsidiary, Real Search, which comprises an experienced team of employees who are responsible for the maintenance, management, resale and rent of all Bin Faqeeh properties. This clear supply chain relationship enables clients and owners to feel confident that their property is being managed by professionals with a vested interest in maintaining the highest value for the unit, whether for reselling or renting.
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