Amwaj Mermaid, a new BD2.3 million ($6.06 million) residential project of Bahraini developer Rashid Albufalah, has opened its doors.

Amwaj Mermaid is a six-storey boutique residence boasting 18 spacious ready-to-move-in apartments including two penthouses, said a report in the Gulf Daily News (GDN), our sister publication.

The building has been constructed with tenants' convenience in mind: the project features a grand lobby and excellent facilities with an open swimming pool and a fully equipped gymnasium.

Located in the heart of Amwaj, the building is only a walk away from shopping and dining areas of the island.

Constructed by Sky Bird Construction, Amwaj Mermaid is one of the most luxurious residences on the island. Marble-clad lobby, sleek design and panoramic views create an atmosphere of an exclusive VIP club.

The interior of the show flat and the lobby were meticulously arranged by Bahrain-based design studio OKNA Interiors who brought a perfect touch of serenity and chic to the mansion. They have used only top quality accessories and furniture from 'Decor 8'.

All apartments and penthouses are ergonomically designed while offering high quality finishing and materials.

The sizes of units vary from 102 sq m to 178 sq m. All sanitary ware and bathroom fittings have been ordered from Vitra (Turkey), while kitchen appliances have been manufactured by Gorenje. The kitchen furniture has been supplied by the largest German kitchen company Nobilia.

“With potential annual rental returns up to 11 per cent the building presents an exceptional investment opportunity for property owners,” said Impact Estate general manager Oksana A K.

Impact Estate is exclusive sales and marketing agent as well as property management company of the building. The prices for the apartments start from BD93,840 ($247,318).

The developer of Amwaj Mermaid has an extensive portfolio of successful projects in Bahrain including eight residential buildings and four luxurious villas with unique design.

During last years Albufalah has closely worked with financial institutions such as Eskan Bank, BBK and Arab Bank to create special conditions for foreign and GCC investors. - TradeArabia News Service