Sakana Holistic Housing Solution, as a part of its property consultancy venture, will shortly launch Nasmah West to be built in Juffair.

The freehold project is valued at $30 million and is being developed by RMK projects, a division of R M Kooheji & Sons, said a report in our sister publication, the Gulf Daily News.

This is the second venture entered into by the two companies.

The 25-storey tower will offer 124 apartments to Bahraini and GCC nationals, as well as expatriates. It is expected to be completed by December 2010.

Sakana will offer a dual package of benefits, both marketing the project and offering Islamic mortgage finance options.

"The response to Nasmah Tower from local, regional and international investors was tremendous," said Sakana chief executive officer R Lakshmanan.

"This time around, with Nasmah West we are confident of meeting the continuous and growing demand for affordable apartments, while at the same time ensuring quality construction in our choice of RMK as our partner for the second time running," he added.

"Our incredibly successful first joint venture with Sakana on Nasmah Tower provided the impetus to embark on this latest venture," said R M Kooheji Group president and chief executive officer Ishaq Rashid Al Kooheji.

"Our skill, knowledge and extensive experience in real estate development have been the drivers of our success in delivering quality projects on time.

"Our goal is to continue this trend to complete and deliver this project as scheduled and with similar success."

The tower consists entirely of two-bedroom apartments, each with a balcony and offering either city or seaside views.

The building has a rooftop swimming pool, a fully-equipped fitness centre, squash court, party hall and a 24-hour security and facilities management services. - TradeArabia News Service