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Bahrain-based Khaleeji Commercial Bank (KHCB) has secured a power connection for its Oryx Hills Project located at the Al Areen area of Bahrain
The project, which is being developed by Surooh Real Estate Company, an investment vehicle managed by KHCB, will consist of 70 high-end modern style villas. Each villa will comprise a garden, a swimming pool and covered garages along with other amenities.
The land areas of the villas range from approximately 725 square metres to 1,210 square metres with a built-up area of approximately 469 square metres to 699 square metres. The project construction was completed back in 2011, but faced delays in attaining utilities connections.
KHCB chairman Fuad Al Omar said, “As manager of the investment vehicle and promoter of Oryx Hills project, we are very pleased to announce the new developments in this high-end residential villa project. We have successfully obtained power for the villas and soon will be able to have water supply as well.
“Despite the difficult conditions, the investment team has successfully sold 31 villas and is working closely with different real estate promoters to close the sale of the remaining villas. As a result of the new development, we expect an increase in market demand for villas in this attractive residential project especially with current owners looking to move into to their homes very soon.”
Al Omar said the company will soon launch a marketing campaign to sell the remaining villas at attractive prices.