First Bahrain celebrates the opening of El Mercado Village

In a ribbon cutting ceremony held today, First Bahrain celebrated the completion of its first residential project, El Mercado Village. The event held on the site of the project was attended by Moh’d Khalifa BuHamood, the Head of the Northern Municipal Council, Waleed Alkhaja, Chairman and Acting Chief Executive Officer of the board of directors of First Bahrain, and a group of distinguished men and women from the business community.

At the ribbon cutting, Waleed Alkhaja, stated “We are very pleased to celebrate the completion of El Mercado Village. We delivered and built the villas to the highest-standards to become one of the highest quality homes available in the market today. The mixed-use community is now ready for occupation by the friendly house owners and it will soon transform into one of the most pleasant neighbourhoods to live in.”

Moh’d Khalifa BuHamood, the Head of the Northern Municipal Council, shared “The Northern Municipal encourages and supports the development of projects that serve the residents of the municipal. The El Mercado project is one of the most important developments that offer both residential solutions and commercial options in Janabiya.”

Akram Miknas , owner of the general contractor, Decorators, stated “We are very pleased to have been awarded this prestigious project and are pleased to be able to deliver the project to the heights standards to its owners.”

El Mercado Village is a beautiful mixed-use community in Janabiya, offering forty-two villas and townhouses integrated with an upscale neighbourhood market. The homes are designed to offer modern amenities with a classic touch conveniently located on a quiet street just off Avenue 27, offering a direct ride home from Manama in the evenings or the quickest morning commute to Saudi Arabia of any villa in the country. The outdoor retail centre is anchored by an Alosra supermarket which features a range of cafés, shops and services to meet the needs of the surrounding community.

El Mercado Village consists of 42 premium homes, which include 8 four-bedroom standalone villas and 34 three-bedroom semi-detached villas, over 40% of which are already sold. Homes are now being handed over to home buyers whose payments have been protected in escrow accounts governed by the Real Estate Regulatory Authority (RERA).