A $100 million beachfront residential community is being developed as part of the $1 billion Amwaj Islands project, off Muharraq in Bahrain.
The project, called Tala Island, will be developed on a 110,000 sq m island.
Al-Khaleej Development Company (Tameer) and Ossis Real Estate Developers have signed a memorandum of understanding (MoU) forming a joint venture company, called Tala Development Company.
The project, which will be developed in three phases over five years, will include 77 villas and 478 apartments. The villas will offer private beaches, with built-up area ranging between 260 and 400 sq m, while the apartments will have a built-up area ranging between 100 and 200 sq m. These will include a combination of one, two, three bedrooms and duplex penthouses and executive marina apartments.
Tameer chief development officer Mohammed Al Tawash said Tala will offer a secure exclusive lifestyle and ambience and is being developed in line with the government policy of providing ideal housing units to Bahrain nationals and residents.
Ossis chairman Saud Kanoo said Tala would offer all sorts of community services within its gated community to make the island a permanent residence.
Designs are being completed and marketing of the project will start in October.
The project's architectural and engineering design works were conducted by Davenport Cambell and Hyder, two leading engineering companies.
The infrastructure of the entire Amwaj Islands is to be provided by Ossis, which should be completed by the fourth quarter of 2004.