Jassim Al Jowder, deputy general manager and chief operating officer Durrat Al Bahrain, on Saturday told Bahrain Tribune that the sale of first phase 390 villas will open today and is inclined to be closed within three days.
Durrat Al Bahrain, worth over $1 billion housing project being developed on 20 square kilometres, has become the biggest-ever housing project carried out in the kingdom of Bahrain. Kuwait Finance House and the Government of Bahrain are holding equal stakes in this project. Durrat Al Bahrain, located in southeast of Bahrain, will be linked with the heart of the Kingdom through 23 highways and two bridges.
The first phase will be complete by 2006 with entire basic infrastructure in place within 24 months after the formal launch of the first phase. The oveall project will be complete by 2008 or early 2009 as the infrastructure development is already in full swing. This project is estimated to cost $105 million initially.