Durrat Al Bahrain Saturday started selling Phase 1 of its new property development, according to officials. Durrat Al Bahrain ["Rising Pearl"], will consist of 13 distinctive islands to be developed over 20 square kilometers of desert and sea.
"This is a groundbreaking project. Not only does it provide a unique proposition for residents, but it is also a significant step forward in the kingdom's plans to encourage and actively work towards the further development of its lifestyle and tourism sectors," said Abdul Hakeem Al Khayat, General Manager of Kuwait Finance House, Bahrain (KFH) and Chairman of Durrat Khaleej Al Bahrain Company.
The project, located on the southern tip of Bahrain island, is equally owned by
the government of Bahrain and KFH.
During a ceremony attended by Bahraini ministers and senior officials, Durrat Al Bahrain offered the first comprehensive view of the $1.2 billion (Dh4.3 billion) development's design, according to Gulf News.
"Bahrain and the Durrat Al Bahrain project together offer an unmatched life-style and investment opportunity. We have amassed all the technical and financial resources required for its success," Al Khayat said.
The residential and resort city will comprise 2,000 villas, 3,000 apartments and various community facilities. They will include schools, mosques, health centers, an 18-hole golf course and sports and leisure facilities specifically suited for families.
