BizBahrain May-June 2017

Real Estate
The new Address
Residences unveiled
Eagle Hills Bahrain, developers of the
urban waterfront project Marassi Al
Bahrain, launched serviced apartments
at the new-to-market hospitality
development, The Address Residences
Marassi Al Bahrain. The Address Hotels
& Resorts is renowned for offering a
premium lifestyle experience, and Bahrain
has been chosen as the first location
outside of the UAE for this signaturestyle
hotel and serviced residences. The
Address Hotels & Resorts are operated
by Emaar Hospitality Group, with five
extremely successful properties in Dubai,
and another to open soon in Fujairah.
Upon completion, The Address
Mall of Dilmunia
development in Bahrain
announced
The Mall of Dilmunia is a unique
mall concept located in the heart of
Dilmunia Island, within the Muharraq
Governorate. It is the first of its kind
in the Kingdom of Bahrain and it is
believed that it will be a destination
travelers will destine. The total built up
area (with a spacious underground Car
Park) is 125,000 sqm upon a land size of
26,753.6 sqm. The Gross Leasable Area
is 47,300 sqm and has received interest
from retailers and renowned F&B outlets
across the MENA region.
It is a balanced representation of
modernistic and futuristic architecture,
and promotes an exciting family oriented
ambience within it. The mall promises
to include a variety of retailers that are
yet to enter the Bahraini market and
to develop a quality entertainment,
leisure and retail destination, which
adds value to the mall's tenants and
guests. The vision for this development
is to promote a comprehensive family
destination that caters to all age groups
and genders. It allows children and
Residences Marassi Al Bahrain will be
offering 155 fully-furnished and serviced
1-bedroom, 2-bedroom, 3-bedroom,
4-bedroom, and penthouse apartments
with 199 parking spaces. All units will be
freehold and available to all nationalities.
The lifestyle destination, with full
amenities, will be in the signature Address
style that has led to the huge success of
the brand in the UAE, and will include
fine-dining and cafes, spa, fitness center,
landscaped terraces, pool, ballrooms and
access to a private beach.
The Address Residences Marassi
Al Bahrain will also be connected to the
development’s 180,000sqm shopping
and entertainment destination, Marassi
Galleria, and will feature private
residential facilities with direct access
to a private beach and to a world-class
waterfront boardwalk promenade.
The project is being brought to life in
partnership with renowned international
consultants Perkins & Will - P+W is
appointed as Architect and HOK as
interior design consultants.
young adults to engage in fun and
educational entertainment facilities
and activities with rooftop cafes,
delicious food and beverage outlets
and two atriums to engage with for
events. The mall overlooks a beautiful
canal view and a lush green landscape
that is also complimented by greenery
within the mall. One of the main
family entertainment features include
a spectacular 16m high cylindrical
aquarium with aquatic life that will
mesmerize visitors from each level of the
mall and a state-of- the-art large indoor
Ice Rink built on the first floor, and three
more concepts yet to be revealed.
The main contractor for the project
is Cyprus Cybarco Tabet JV W.L.L. and
the international architectural design is
by DP Architects. The contractors have
begun mobilizing resources on site. The
target opening date is October 2019.
Lamar at Dilmunia
Ithmaar Development Company
Limited, the Master Developer of
Dilmunia at Bahrain, signed a sale and
development agreement with Apex Real
Estate Development Company, for a new
project named Lamar at Dilmunia.
The agreement for the USD 7 million
boutique project is to be developed on
a 1,800 sqm land plot, and is expected
to entail 45 penthouse style, seaview
apartments. The agreement was signed
between Mr. Jean-Claude Bejjani, Project
Manager at Ithmaar Development
Company and Mr. Ammar Al-Samahiji,
General Manager Apex Real Estate at the
Gulf Property Show.
Lamar at Dilmunia is Apex
Development Company’s fourth project.
Apex intends to sell a portion of the
units within the Lamar and to retain
others keeping with the company policy
of long term investment within all of its
development projects.
Ithmaar Development had
announced the start of the second stage
of the infrastructure works in 2016,
which is due to be completed by the
end of 2017, which means providing
infrastructure services for a cumulative
70% of the project Dilmunia.
Dilmunia is located in close
proximity to the Bahrain International
Airport, with easy access to Saudi Arabia
via the King Fahad Causeway. Dilmunia
at Bahrain is a resort-style health
island, where balance is restored and
life is enhanced, it includes world-class
health facilities, luxury hotels and spas,
lifestyle attractions, environmental
interaction and residential luxury.
Dilmunia is focused on holistic wellbeing
- a way to live differently, to live
better. Composed, integrated, friendly
and culturally aware. Dilmunia is a great
prospect for today and a valuable legacy
for tomorrow.
May-June 2017
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