Mystified is not the only astonished onlooker pondering the mysteries surrounding the moribund state of Marina West, ‘Project mystery’, (GDN, October 30).
The failure to recover this joke of a development is felt most strongly by those who put their confidence in the Bahrain property market back in 2007, shelling out thousands of dinars of their hard-earned savings, in good faith, for a deposit on a nice new quality home in a useful location and with attractive facilities.
Regrettably, it seems the laws of Bahrain at the time were neither robust enough to protect investors nor comprehensive enough to oblige those with the necessary authority to get the project going again with any sense of urgency.
Onlookers like me can only gasp at the patience and long-suffering tolerance of off-plan buyers who must be tearing their hair out at the lack of progress in restarting and completing Marina West. Buyers’ losses must now be valued in the hundreds of thousands and rising. For every day that high-profile projects like Marina West remain unfinished, Bahrain’s reputation as a business-friendly investment is tarnished.
The only advice to Mystified, who would clearly like to invest in Bahrain for its notable attributes such as lifestyle, personal freedom and the feeling of being safe on the streets – envied by many so-called civilised countries – must surely be: consider the risk very, very carefully before investing your money.