Cluttons, a leading international real estate advisor, and Bahrain-based property consultant Impact Estate are set to launch the sale of new luxurious freehold apartments at a residential tower in the kingdom.

Orchid Plaza, developed by Orchid Developers and Kadi Properties, offers panoramic views of the sea, in the Juffair area of Bahrain, a statement said.

Orchid Plaza offers 11 apartment styles that have been designed to maximise space, with modern interiors. Set for completion in 2017, Orchid Plaza will offer residents indoor and outdoor swimming pools, male and female gyms, squash courts, a mini basketball court, kids play area and a cinema.

The high quality development is located off Prince Khalifa Bin Salman Causeway and its 305 apartments are available for sale off plan.

Cluttons and Impact Estate will showcase the development at Bahrain Property Developers Association Exhibition, which takes place at Bahrain City Centre, from November 6 to 10.  With prices starting at BD29,900 ($78,000) investors can choose from a range of stylish studio, one, two and three bedroom apartments as well as duplexes, with the first 20 apartments set to sell at a 5 per cent discount.

Harry Goodson Wickes, head of Cluttons Bahrain said: “We’re excited to launch the sale of apartments at Orchid Plaza, to meet the demand that we are witnessing for freehold developments in Bahrain. We have already recorded strong interest from both local and international investors, which is no surprise, given that similar developments from Orchid Developers are attracting returns of between 7-8 per cent for investors.”

Oksana A K, general manager at Impact Estate said: “With apartments ranging in size from 43 sq m to 164 sq m and benefitting from uninterrupted views of the sea, Orchid Plaza is set to become the most desirable location for expats, locals and GCC nationals in the Kingdom.” – TradeArabia News Service