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Anatole France
BAYTI PALESTINE
About Bayti
Bayti Real Estate Investment Company (Bayti) specializes in developing high value turnkey real estate projects to generate attractive risk-adjusted returns through medium-term investments. The company was established in Palestine to jumpstart development of the Palestinian real estate sector. Its mission is to create affordable, accessible, family-friendly communities for Palestinians. Bayti is capitalized by equity funds from private investors who, while seeking to achieve reasonable returns, wish to lend support to the Palestinian national economy. Baytis shareholders are experienced real estate developers in the region who have built thousands of homes. The company is registered with the Palestinian National Authority. Bayti conducts full due diligence on all of its prospective projects. As the prime developer of our own properties, our market research and analysis includes careful study of synergetic as well as competitive activity, ongoing in-depth political and economic evaluations and detailed exploration of the potential market for our housing product.
PALES TINE
Strong Demand for Housing
The current estimated housing shortfall in the West Bank is greater than 200,000 units, a figure which increases roughly 10 percent every year. The absence of large-scale housing projects in the West Bank, together with a high birthrate trending at 3.1% growth annually, is creating an acute housing shortage. Land available for housing development within existing Palestinian cities is extremely limited. In recent years, much of the countrys significant industrial and service sector activity migrated towards the city of Ramallah in the West Bank. As Ramallah has grown into a bustling commercial and governmental hub, young professionals from all over the West Bank and Gaza are flocking to the city to take advantage of job opportunities and a modern way of life. Within Ramallah today, the demand for new homes is skyrocketing, and along with it, rental rates and land prices. The Ramallah areas inhabitants earn significantly higher income on average than residents of other urban centers in Palestine, which makes Ramallah the most suitable geographic area to launch Palestines first planned selfcontained community project.
RAWABI
Bayti Builds the first Palestinian Planned Community: RAWABI
In late 2007, Bayti announced plans to construct Palestines first planned community called Rawabi, or the hills in Arabic. The town of Rawabi is designed to attract Palestinians seeking affordable housing in a well-zoned accessible environment. Rawabi will offer a true quality of life option well within the financial reach of young Palestinian families as well as Palestines rapidly growing class of young working professionals.
Rawabi Heritage
Historic Palestine is a melting pot of peoples, languages, cultures, religions, customs and traditions a diamond of a nation, multi-faceted and rare, a prism through which vision and belief is refined and refracted in infinite ways. The narrative of this blessed land begins long before the times of the great and beloved Prophets, and continues to unfold before us.
A Sense of Community
As the roots of the ancient olive trees have embedded themselves in the bedrock of the Palestinian hillsides, so its people have put down deep roots, and from those roots grow, and thrive. The people of Palestine welcome the future while treasuring the past blending and embracing the best of old and new.
RAWABI
a D eve l opme n t o f
Developer:Company Estimated Cost to Build: Scheduled Date of Groundbreaking: Land Holdings: Construction Phases: Number of Housing Units: Size of housing units: Target purchase price of housing units: Bayti Real Estate Investment Company Over US$350 million 2008 Mostly in Area A (9 km north of Ramallah, 3.5 km from Birzeit) 4 more than 5,000 affordable homes and high-end apartment and townhomes 95 to 165 square meters US$43,000 to $78,000
A little of this absolute and blue infinity would be enough to lighten the burden of these times.
Mahmoud Darwish / Under Siege
Contact Information
Bayti Real Estate Investment Company 7 Al Kawthar Street Ramallah, Palestinian Authority Phone: +970 2 240 9104 Fax: +970 2 240 9752 Email: info@bayti.ps www.bayti.ps