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KHCB announces successful deployment of electrical power to Oryx Hills

Khaleeji Commercial Bank B.S.C. (“KHCB”) today announced the successful deployment of electrical power to Oryx Hills Project located in the Al Areen area. The Oryx Hills project has been developed by Surooh Real Estate Company, an investment vehicle managed by KHCB. The announcement comes amid tremendous efforts exerted by KHCB’s Management and the Investment Team, Surooh and the master developer to bring life to this prime project.

The project consists of 70 high-end modern style villas built to the highest architectural standards. All villas have high quality finishes and each comprises of a spacious garden, a swimming pool, and covered garages along with other amenities. The villas’ land area range from approximately 725 sqm to 1210 sqm with a built-up area of approximately 469 sqm to 699 sqm. The project construction was completed back in 2011 but faced some delay in getting utilities connections.

Commenting on the new development, Dr. Fuad Al Omar, Chairman of KHCB 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 to the villas and soon will be able to have water supply as well. We would like to thank Government officials in the concerned ministries on their extended support which helped us greatly in achieving the completion of this project.”

“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.” he added 

The Company will soon commence a marketing campaign to sell the remaining villas at attractive prices.

For more information and queries on how to buy in the project, please contact Khaleeji Commercial Bank Real Estate Department on 17505050.