Saudi’s real estate and consulting boutique firm Esnad has launched a new property management firm in the kingdom of Bahrain, according to local media reports.
The new firm launched by Esnad in Bahrain will be called Esnad Management. It will provide end-to-end consultancy services.
Esnad Management’s client base in Bahrain will include individuals, investors and well as corporates.
It is reported that Esnad Management’s team in Bahrain has capabilities to deliver more than 3,000 units and 25 projects across the GCC region.
Esnad’s Chief Executive Abdulrahman Al-Kooheji told the media, “Our aim is to bridge the gap between the landlord and the contractor to ensure the success of the project. We look forward to merging our years of experience in developing projects with new technologies and techniques to elevate the standards of the industry in the GCC.”
The organiser of Bahrain’s online and offline auctions Mazad and Bahrain Real Estate Investment (Edamah) have partnered to hold online auctions of local real estate at the offices of Mumtalakat. Mumtalakat is Bahrain’s sovereign wealth fund.
The online auction is expected to connect buyers and sellers in the Bahrain real estate market. The auction will commence on April 12 and is expected to carry on for a period of three weeks. It is also the first of its kind in the kingdom.
A 12,000 square metre empty plot in Aali, near Riyadat Mall and the Arabian Open University, are among the first real estate properties to be sold in the online auction. Details about other properties to be sold in the auction will be disclosed in March.