Mazad Unveils Exclusive Auction of 12 Edamah Properties in Bahrain  

Mazad Unveils Exclusive Auction of 12 Edamah Properties in Bahrain  

Mazad, a local portfolio company of Bahrain Mumtalakat Holding Company ‘Mumtalakat’, has announced an upcoming auction from the 16th of January to the 5th of March 2024. The auction will feature a diverse range of 12 unique properties that are owned by Mumtalakat’s real estate arm, ‘Edamah’ (Bahrain Real Estate Investment Company) and is in line with Mumtalakat’s commitment to enhance collaborative opportunities between its portfolio companies. The auctioned properties, which are in strategic locations in the Kingdom of Bahrain such as Al Naim, Arad, Hamala, Souq Al Muharraq, Salmaniya, and Samaheej, consist of buildings, shops, villas, farmland, and land plots; the most prominent of which is a 3716sqm agricultural plot in Hamala and a nursery in Hamad Town. The minimum starting bid is BHD 60,000 up to BHD 480,000, offering opportunity to a diverse array of potential buyers. Talal Al Araifi, CEO of Mazad said, “By collaborating with Edamah, we can promote some of Bahrain’s real estate properties, across the region, contributing to the national economy. Our platform is designed to attract qualified buyers and speed up the transaction process by providing a trusted and transparent space in which bidders may engage in equitable competition.” “We encourage the general public and