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Work starts on $396m Bahrain project

Manama, October 6, 2009

Work has commenced at the site of a $396 million (BD149.6 million) real estate project at Amwaj Islands, developers have announced.

Speaking after a Press conference to mark the signing of a contract with Charilaos Apostilides (Chapo) Bahrain, Lona Real Estate Development business development manager Nouf Jamsheer confirmed that pylon construction had begun on the first phase of Amwaj Waves.

'The first wave will feature four contemporary residential buildings consisting of two 13-floor and two 15-floor buildings, consisting of 299 apartments with scenic views of the sea, the city and a landscaped pool area.'

Amwaj Waves, which is expected to be completed by early 2012, will offer a total of 1,106 freehold apartments and recreational facilities spread over 287,083sqm within its four 'waves'.

Designed by Davenport Campbell, it is intended to resemble undulating waves from above.

Chapo Bahrain beat off competition from 10 other qualifying companies for the contract to build the first wave, which also includes over 1,661sqm of commercial space.

Each wave represents a different phase of the project, but prices for the one-bed, two-bed, three-bed and penthouse apartments have not yet been announced.-TradeArabia News Service




Tags: Bahrain | property | Lona Real Estate | Amwaj Islands | Chapo |

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