Yes it is DOHC and water cooled, but is not variable valve timed like some pulbications say.
From www.fiatbravo.net :-
115 16v
ENGINE
No. of cylinders, layout 4, in line, front, transverse
Bore x stroke (mm) 82 x 82.7
Capacity (cc) 1747
Compression ratio 10.3 : 1
Max. EC power: kW (bhp)
At rpm 83 (113)
5800
Max. EC torque: Nm (kgm)
At rpm 154 (15.7)
4400
Timing system 2 OHC (toothed belt) with hydraulic tappets
Fuel system electronic MPI phased, sequential
Ignition electronic, static advance, combined with injection