UAE developer to launch sales at Bahrain mega project in 2016

Eagle Hills, the UAE-based private real estate investment and development company, has announced that both residential unit sales and development work for the first phase of its Bahrain mega project Marassi Al Bahrain are set to launch during the first quarter of 2016.

The project, launched in partnership with Diyar Al Muharraq, will also see the opening of a kilometre stretch of sandy beach and F&B outlets before year-end alongside the sales centre.

The first phase of Marassi Al Bahrain includes a lifestyle shopping complex anchored by two luxury hotel brands The Address Hotels + Resorts and Vida Hotels and Resorts, seafront residential apartments, a canal waterfront promenade and a community mosque.

The first of the five development phases will be completed by 2019, a statement said. Marassi Al Bahrain, spanning 864,000 sq m, will be constructed on the eastern shores within the master planned community of Diyar Al Muharraq, forming a key luxury component of Bahrain’s largest private urban project.

Low Ping, CEO, Eagle Hills, said: “The first phase of Marassi Al Bahrain assures an array of retail, F&B, leisure and entertainment choices for residents and visitors. The strong interest received this year, not only from the region, but also from global investors, indicates the project is one of the key residential property launches. “We anticipate successful sales, as the development offers exceptional value across all aspects.”

Upon completion, Marassi Al Bahrain will be home to 22,000 residents. 

(arabianbusiness.com)