Diyar Homes, a real estate development subsidiary of KFH-Bahrain, was honored with "The Best Real Estate Investment 2012" award at the CPI Financial Islamic Business and Finance Awards Gala Dinner Ceremony that was held recently at the Jumeirah Emirates Towers Hotel in Dubai. On receiving this accolade, Mr. Abdulhakeem Alkhayyat, the Managing Director & CEO at KFH-Bahrain and Chairman of Diyar Homes commented, "Winning this prestigious award demonstrates that Diyar Homes was able to prove that there is a real demand in the Bahraini real estate market for local housing needs". "It confirms the success of the Bahraini real estate workforce, whether it be engineers, architects or contractors." Mr. Alkhayyat added. Mr. Hisham Al Moayyed, General Manger of Diyar Homes, received the award at the Gala Dinner Ceremony and commented, "Diyar Homes is working on one of the largest residential projects undertaken by the private sector in Bahrain, where between 2,500 and 3,000 housing units will be developed within Diyar Al-Muharraq, the flagship real estate development project. Diyar Homes is an ideal integrated residential community which includes all the living amenities that ensure a modern Bahraini lifestyle to its residents." "I am delighted with the positive response that we have received and want to thank the voters of Islamic Business & Finance for their confidence in this project," Mr. Al Moayyed added. This prestigious global annual event is organized by CPI Financial, Dubai. The leading publisher of financial magazines in the Middle East, namely, Banker Middle East, Islamic Business & Finance, financeME and WEALTH. The Islamic Business & Finance Awards have been designed to encourage, inspire and reward excellence within the global Islamic Business and Finance community and they have become the yardstick by which Islamic Finance institutions and practitioners across the globe measure themselves.