The managing director of Bahrain’s Eagle Hills Deyar “Maher Al Shaer” said that the company invests around $1.5 billion on 6 new real estate projects which are; a commercial center under the name “Marassi Galleria”, 4-star and 5-star hotels, and the hotel apartment projects “Marassi Boulevard” and “Marassi Shores Residence”.
The statements came on the sidelines of the ceremony held for launching construction works on Marassi Shores Residence project. Al Shaer added saying that the company has successfully assigned contractors for construction works. The project is scheduled to be completed in 2019.
It’s worth mentioning that Eagle Hills owns 60% of Marassi Al Bahrain, while Deyar Al Muharraq owns 40% of it. The project stands on 876 thousand sqm and a total investment of $3 billion. The project works extends on 3 phases with a total capacity of 5,600 residential units and 4 hotels.
Al Shaer assured in his statement that Marassi Shores Residence received a great turnout from buyers like other projects. The building comprises 289 units offering exquisite designs and fancy views of the sea. The units vary between studios, apartments, and penthouses.