Abu Dhabi developer opens office in Bahrain
MANAMA, November 25, 2015
Eagle Hills, an Abu Dhabi-based private real estate investment company and developer, has launched its official operational in-country office in Bahrain.
In November last year, the company signed a joint venture agreement with Diyar Al Muharraq to roll out its first project in Bahrain – Marassi Al Bahrain.
Spearheaded by the founder and chairman of Emaar Properties, Mohamed Alabbar, who is also a board member of Eagle Hills, Marassi Al Bahrain will draw on his nearly two decades of experience in creating iconic mega-projects around the world.
His landmarks in the UAE include Dubai Marina, one of the world’s largest and most luxurious waterfront communities; Downtown Dubai, the 500-acre flagship mega-development crowned by Burj Khalifa, the world’s tallest building; and The Dubai Mall, the world’s largest and most-visited shopping and entertainment destination which welcomed over 80 million visitors last year.
On the venture, Alabbar, said: "We see a great potential in Bahrain as it is one of the key markets for Eagle Hills in the Mena region. Through our strategic partnership with Diyar Al Muharraq, one of the leading urban developers in the kingdom, we strive to share the knowledge and expertise of Eagle Hills’ experienced team to successfully deliver Marassi Al Bahrain, a project of the future."
Spread over 864,000 sq m, Marassi Al Bahrain is set to become a unique smart city for the future combining tourism, retail, hospitality and residential spaces in the kingdom.
The project will boast a 190,000 sq m retail and entertainment destination, interconnected with two world-class hotels, The Address Hotels + Resorts and Vida Hotels and Resorts, both offering access to the one-kilometre long beach and a waterfront promenade.
Spectacular views over the Arabian Gulf will be visible from the hotels, the shopping complex, and the restaurants and cafés which will stretch along the sheltered, sandy beaches, said the Abu Dhabi developer.
Upon completion, Marassi Al Bahrain will be home to 22,000 residents, and provide business space to employ over 1,200 people. It will have an open and spacious feel, and all buildings will follow a height restriction of no more than eight floors.
Its architecture will combine traditional, local and regional cultural elements with modern facilities, envisioning a timeless style which is cohesive throughout the project, it stated.
With a focus on developing large-scale real estate projects, Eagle Hills designs and implements mixed-use smart and sustainable projects around the world. The company is currently developing a number of mega developments in Jordan, Morocco, Serbia and Nigeria, said Al Abbar.
“Marassi Al Bahrain will undoubtedly create a sustained revenue stream which will serve in revitalising the Bahraini economy and support the government in achieving its Vision 2030; we anticipate that it will become a key touristic destination in the GCC which will create thousands of new jobs, promote new sectors including retail, hospitality and leisure, and drive inward investments to the country,” he added.-TradeArabia News Service
His landmarks in the UAE include Dubai Marina, one of the world’s largest and most luxurious waterfront communities; Downtown Dubai, the 500-acre flagship mega-development crowned by Burj Khalifa, the world’s tallest building; and The Dubai Mall, the world’s largest and most-visited shopping and entertainment destination which welcomed over 80 million visitors last year.
On the venture, Alabbar, said: "We see a great potential in Bahrain as it is one of the key markets for Eagle Hills in the Mena region. Through our strategic partnership with Diyar Al Muharraq, one of the leading urban developers in the kingdom, we strive to share the knowledge and expertise of Eagle Hills’ experienced team to successfully deliver Marassi Al Bahrain, a project of the future."
Spread over 864,000 sq m, Marassi Al Bahrain is set to become a unique smart city for the future combining tourism, retail, hospitality and residential spaces in the kingdom.
The project will boast a 190,000 sq m retail and entertainment destination, interconnected with two world-class hotels, The Address Hotels + Resorts and Vida Hotels and Resorts, both offering access to the one-kilometre long beach and a waterfront promenade.
Spectacular views over the Arabian Gulf will be visible from the hotels, the shopping complex, and the restaurants and cafés which will stretch along the sheltered, sandy beaches, said the Abu Dhabi developer.
Upon completion, Marassi Al Bahrain will be home to 22,000 residents, and provide business space to employ over 1,200 people. It will have an open and spacious feel, and all buildings will follow a height restriction of no more than eight floors.
Its architecture will combine traditional, local and regional cultural elements with modern facilities, envisioning a timeless style which is cohesive throughout the project, it stated.
With a focus on developing large-scale real estate projects, Eagle Hills designs and implements mixed-use smart and sustainable projects around the world. The company is currently developing a number of mega developments in Jordan, Morocco, Serbia and Nigeria, said Al Abbar.
“Marassi Al Bahrain will undoubtedly create a sustained revenue stream which will serve in revitalising the Bahraini economy and support the government in achieving its Vision 2030; we anticipate that it will become a key touristic destination in the GCC which will create thousands of new jobs, promote new sectors including retail, hospitality and leisure, and drive inward investments to the country,” he added.-TradeArabia News Service
