"The initial 32 sea-facing villas on the man-made island off the coast of Muharraq, the first to be made available for sale, sold out in only three days marking a dramatic show of investor confidence both in the kingdom's economy and in the project developer.
The Seavilla project, the first residential offering at Dilmunia at Bahrain, a mixed-use development built on an island off the coast of Muharraq, consists of villas, each with its own sea frontage. The project, which is being built on a total area of approximately 20,000 square metres with a 500 metre shoreline, will take 18 months to be completed.
"Seavilla was announced on June 11 and all available units were sold out by June 15," said Ithmaar Development Company (IDC) chief executive Mohammed Khalil Al Sayed."
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