Eagle Hills Diyar, a joint venture between Bahrain-based Diyar Al Muharraq and UAE-based Eagle Hills Properties, is expected to float the main construction tender for its $70 million (26.40 million Bahraini dinars) Marassi Galleria Retail District in Marassi Al Bahrain master development in third quarter 2017, a source close to the project said.
The $3 billion Marassi Al Bahrain mixed-use development is located within the Diyar Al Muharraq master planned community. The first phase includes Marassi Galleria mall, a 110-room The Address Hotel, a 160-room Vida hotel and Marassi Residences.
“The detailed design is expected to be completed by July 2017 and the tender for the main construction contract is expected to be issued by the first week of August 2017,” the source said and added that the project is scheduled for completion by end of third quarter 2018.
In December 2016, Eagle Hills Diyar announced that it has awarded the construction contract for the Marassi Residences to local company Nass Contracting. The two-tower project is expected to be completed by the third quarter of 2018, the company said in a press statement, adding that that the project would be connected to the development’s retail and hospitality facilities.
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