Manama: The Ministry of Housing and Urban Planning announced the full booking of housing units of the "Danat Sanad" housing project in the Southern Governorate, which comprises 47 housing units and is being implemented by Al Namal Company as part of the projects listed under the Government Land Development Rights Programme. The ministry noted that all units were booked by citizens with housing applications registered on the waiting list, who converted their applications to benefit from one of the immediate financing options provided by the ministry through the "Tas'heel" and "Tas'heel+" programmes.
According to Bahrain News Agency, Amna bint Ahmed Al Rumaihi, Minister of Housing and Urban Planning, said that the units of the "Danat Sanad" project witnessed strong demand from citizens seeking to benefit from housing finance programme options since the ministry announced the opening of bookings for the project's units in conjunction with the Cityscape Bahrain exhibition held last month. She highlighted that those bookings were made through the "off-plan sale" option available via the Baity real estate platform.
The minister emphasised that the results of analysing booking application data for the project show that all applicants are among those whose housing applications are listed under the traditional ownership services category and who wish to convert their housing applications to benefit from housing finance programme options through the "Tas'heel" and "Tas'heel+" options, which provide significant flexibility in obtaining suitable housing on an immediate basis.
She added that citizens who converted their applications to financing services to book units under the "Danat Sanad" project have housing applications dating from 2002 to 2019, reflecting the capacity of the housing programmes provided by the ministry, in partnership with the private sector, to deliver suitable housing to citizens through flexible and immediate options.
Minister Al Rumaihi said that the demand for booking units under projects of the Government Land Development Rights Programme, and purchasing them through housing finance programme options, represents a practical response to the objectives of the Government Programme 2023-2026, particularly about continuing the development of policies to ensure the sustainability of housing services and strengthening partnership with the private sector in a manner that contributes to increasing and diversifying housing solutions for citizens and expanding private sector participation. She noted that these objectives represent the path towards achieving the long-term sustainability of housing service provision.
She added that the partnership with the private sector has witnessed qualitative development in the past period through more flexible and efficient implementation models, contributing to improved project quality, accelerated completion, and diversification of housing options available to citizens. She noted that the "Danat Sanad" project is the first of the projects to be booked under the off-plan sale mechanism following the issuance of the ministerial decision regulating it in November.
The minister explained that this mechanism aims to provide broader options for citizens by enabling them to select and book their housing units at an early stage based on approved and clear plans, in addition to benefiting from the financing and procedural facilities offered by the programme, starting from booking, through financing procedures, and up to receiving the housing unit upon completion.
She noted that the next phase will witness an expansion in projects under the Government Land Development Rights Programme to be booked through the off-plan sale mechanism.
The completion rate of construction works at the Danat Sanad project has reached 67%, while infrastructure works have reached 19%. The project is being developed over an area exceeding 9,000 square metres, with built-up areas reaching 220 square metres. Completion of the project and handover to beneficiaries is expected in 2026.