06 June 2005
Beirut (APD) - Coldwell Banker Bahrain announced Sunday the launching of its second largest projects in Amwaj Islands called Zawya Residential Towers that will have an estimated cost of $133 million, the London-based daily ASHARQ AL-AWSAT reported Monday.
Aliah Sairafi, the manager of the real estate department at Coldwell Banker Bahrain told ASHARQ AL-AWSAT that Zawya Residential Towers, which are formed of two 19-storey towers overlooking the central lagoon, are destined for families and businessmen as well.
Each tower is formed of five-star 133 residential units designed according to international standards and divided into duplexes, penthouses and apartments of various sizes. Their prices range from $133,000 to $773,000, the daily said.
Work on the project is scheduled to start in July and finish 18 months later.
On the other hand, Coldwell Banker was able to sell, in two weeks only, the majority of the residential units of phases three and four of Bahrain's Tala Island project which has a total cost of $76 million and which comprises 88 luxurious villas and 165 residential apartments of different sizes.
Competitive Islamic financing programs will be offered to buyers of residential units, the paper stated.
Coldwell Banker Bahrain is a division of Coldwell Banker Middle East which is a subsidiary of Cendant Corporation. [SN-FC]
Beirut (APD) - Coldwell Banker Bahrain announced Sunday the launching of its second largest projects in Amwaj Islands called Zawya Residential Towers that will have an estimated cost of $133 million, the London-based daily ASHARQ AL-AWSAT reported Monday.
Aliah Sairafi, the manager of the real estate department at Coldwell Banker Bahrain told ASHARQ AL-AWSAT that Zawya Residential Towers, which are formed of two 19-storey towers overlooking the central lagoon, are destined for families and businessmen as well.
Each tower is formed of five-star 133 residential units designed according to international standards and divided into duplexes, penthouses and apartments of various sizes. Their prices range from $133,000 to $773,000, the daily said.
Work on the project is scheduled to start in July and finish 18 months later.
On the other hand, Coldwell Banker was able to sell, in two weeks only, the majority of the residential units of phases three and four of Bahrain's Tala Island project which has a total cost of $76 million and which comprises 88 luxurious villas and 165 residential apartments of different sizes.
Competitive Islamic financing programs will be offered to buyers of residential units, the paper stated.
Coldwell Banker Bahrain is a division of Coldwell Banker Middle East which is a subsidiary of Cendant Corporation. [SN-FC]
© APD (Arab Press Digest) 2005
