Project Information :

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Place:

Bahrain

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Category:

Valuation

Bahrain Marina Development Project

This project encompassed a mixed development under construction, spread across four plots spanning an extensive 146,000 square meters. It also included a government-owned lease land spanning 107,000 square meters. The primary goal was to determine the property’s current Market Value as is, the expected Gross Development Value following completion across four unique phases, and the realizable Weighted Average Cost of Capital (WACC) for each property type. The client was looking for this important information to help them make investment decisions.

The project’s extensive scope includes a variety of facilities, including 18,500 square meters dedicated to retail spaces, a five-star hotel with 180 rooms and 21 water villas, a luxury sea-view residential tower with 274 units, a beach resort with 98 suites and rooms, 12 sea-view villas, and a marina with space for 233 boats of various sizes and 42 jet skis. The idea also considered possible earnings from food and beverages, as well as a spa and health club.
We used Discounted Cash Flow approach to value the project because of its phased nature and inherent dynamics. This decision was influenced by the realization that due to the many phases; full occupation potential may not be reached immediately. Despite these challenges, our committed efforts resulted in the timely submission of a detailed assessment and report, resulting in complete client satisfaction.