MARASSI AL BAHRAIN’S FIRST REVEAL
Eagle Hills, the private real estate investment and development company based in the UAE and developer of Marassi Al Bahrain, in partnership with Diyar Al Muharraq, announced that both residential unit sales and development work for the first phase of the master planned community are set to launch during the first quarter of 2016. A kilometre stretch of sandy beach and F&B outlets, will also open before year-end alongside the sales centre, allowing the public to experience what the vibrant waterfront lifestyle will have to offer.
Promising a sophisticated new lifestyle choice, the first phase of Marassi Al Bahrain includes iconic landmarks such as 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, with all related roads, utilities and other infrastructure. A total of 480 serviced and residential apartments offer access to the beach and outstanding views overlooking one of Bahrain’s most spectacular sea fronts. The first of the five development phases will be completed by 2019.
Marassi Al Bahrain, spanning 864,000sqm, 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. Set to become one of the Kingdom’s major shopping, family entertainment and dining destinations, the high-end shopping destination with 190,000sqm of built up area will attract the world’s leading brands, many for the first time in Bahrain.
Dr. Maher Al Shaer, CEO of Diyar Al Muharraq and Managing Director of Marassi Al Bahrain, said: “What makes this fully integrated community a key project within Diyar Al Muharraq is the high quality designs and engineering, and the strong international experience that Eagle Hills brings from developing advanced city hubs in Jordan, Morocco, Serbia and Nigeria. Eagle Hills has taken a holistic approach by ensuring that all Marassi Al Bahrain’s components complement each other, bringing exceptional value for its residents to work, live and play. Integrating the beach as a landmark, to be enjoyed all year round, will transform lifestyles in the Kingdom and meet a growing demand for waterfront living.”
Low Ping, CEO, Eagle Hills, added: “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 with a total of 3,500 residences and a total retail space of 250,000sqm, creating over 1,200 jobs.
Potential investors can register their interest online and visit the recently launched website www.marassialbahrain.com for more information, ahead of the sales launch which will be announced soon.