Bahrain-based master developer Ithmaar Development Company has announced signing the $7 million construction contract of Lamar residential project with Apex Real Estate Development.
Lamar project lies in the artificial island of Dilmunia and it spans a total area of 1800 square meters to include 45 penthouse apartments.
It’s worth mentioning that a part of the project’s units will be displayed for sale, while the company will hold another part in accordance with its policy of keeping real estate units under its ownership.
Ithmaar announced finishing and delivering the first phase of the infrastructure development process. It included extending electricity, water, sanitation, building bridges, street lighting, and communication.
It announced also starting the second phase which is expected to be delivered by the end of current year.
Dilmunia Island combines between fancy living and the pureness of environment balance. The project is adjacent to the eastern coast of Muharraq Island and it includes upscale health facilities and fine natural environment.