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Manama, Bahrain : Eagle Hills Diyar, master-planners of the Kingdom’s iconic waterfront development Marassi Al Bahrain, has announced the launch of a 2-year post-handover payment plan on ready properties in Marassi Residences.
Property buyers will be provided with a rare opportunity to move into their new homes by the end of 2018, while continuing to pay off their purchase in installments over a 2-year period. Buyers who wish to benefit from the payment plan will be required to pay an installment of 30% during the construction phase, with the next installment of 30% to be paid on handover, which will take place in December 2018. The remaining 40% will be paid in installments over a 2-year period post-handover.
The payment plan applies to those wishing to purchase 1, 2 or 3-bedroom apartments in Marassi Residences, the development’s first premium residential offering. Located near the beach, residents will be able to be part of a vibrant and dynamic community while enjoying a waterfront lifestyle. Marassi Residences will also provide direct access to Marassi Galleria, dedicated lower level indoor parking, 24-hour security and a host of other amenities such as gyms, adult and children’s pools, recreation rooms as well as access to a two kilometer long beach and promenade.
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About Marassi Al Bahrain
Marassi Al Bahrain is a distinguished urban project by Eagle Hills, a private real estate investment and development company, headquartered in Abu Dhabi, as part of a joint venture agreement with Diyar Al Muharraq, the developer of mega-project Diyar Al Muharraq.
The project is set to become the Kingdom’s premiere ‘smart city’, offering luxury homes, high-end shopping, leisure and entertainment. An 875,000 sqm development, the Marassi Al Bahrain master plan includes 6,000 luxury apartments, 250,000sqm of retail space, and Marassi Galleria, a shopping and entertainment destination. In addition, there will be two world-class hotels The Address Marassi Al Bahrain and Vida Marassi Al Bahrain, around 300 branded apartments and 270 hotel rooms, a 34,000sqm central park with play areas for all ages, a 2,000sqm Sales Centre, two kilometres of sandy beach, and a range of restaurants and cafés.
About Eagle Hills
Eagle Hills is an Abu Dhabi-based private real estate investment and development company focused on the development of new city hubs in high-growth international markets. With a focus on developing large-scale real estate projects, Eagle Hills designs and implements mixed-use facilities. These communities draw on the latest technologies to build smart and sustainable projects that add significant value to the local economy. The company is currently developing projects in Bahrain, Jordan, Morocco, the UAE, Oman and Serbia.
For press inquiries, please contact:
Shaikha Seyadi
Network Affairs Manager
TRACCS Bahrain
Tel: +973 17 592008
Email: shaikha.seyadi@traccs.net
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