Investment Update
 

Tala Islands
at Amwaj Islands

An exclusive gated island residential community covering an area of 136,000 square metres, Tala Island is jointly developed by Tameer with Ossis Property Developers at a cost of over US$ 120 million. The project comprise 90 beach villas and 560 apartments available on a freehold basis, and also feature swimming pools, a health club and sports centre, tennis courts, restaurants and retail areas. Tala Island is a prestigious component of the US$ 1.5 billion, 30 million square feet Amwaj Islands development, located off the coast of Muharraq Island.

Tala Island has an expected IRR of 15 per cent over a five-year period. As promised, the first distributions to investors commenced on time during 2006. The CNBC Arabian Property Awards 2006 recognised Tala Island as ‘Best Development Project Bahrain’.

Home owners at Tala Island started moving inn late 2007.

For more information about Tala Island visit www.tala-amwaj.com or contact +973 16020202.

Al Khaleej Development Company B.S.C.