Coldwell Banker Bahrain Company signs new deal
According to Al-Ayyam newspaper, the Coldwell Banker Bahrain Company signed a BD 55 million contract to market 650 residential apartments at the Tala Island Project. The developer for the Tala Island project, a 136,000m² island, is Khaljee Development Company with Ossis Property Developers. The new residential island is situated at the south eastern part of Amwaj Island and is adjacent to the more advanced Al Marsa development.
This development is to be a more exclusive one and will be a gated residential community. The island will accommodate 48 beachfront villas, 42 two-storey, mid-size villas, as well as 410 apartments in 31 blocks (including 12 penthouses) and another 148 smaller apartments. The development will also include an aqua park, retail areas, a sports centre, tennis club and restaurants and coffee shops. The development is requiring an investment of $110 million. Coldwell is a Commercial and residential brokerage with franchises throughout the US, Canada, and Europe.