Bahrain is in the process of building Reef Island at a cost of BD 450 million (US$ 1.20 billion). Reef Island will be Bahrain’s most luxurious development, offering the serenity of wide open spaces and greenery that Bahrainis and residents have long wished for. The 579 thousand square meters (6.23 million square feet) free-hold development, previously known as Lulu Island, is being re-launched with a brand new marketing push targeting high income investors and residents from across the Gulf. Lying off the shores of Manama, Reef Island will include a total of 1,217 apartments among 39 residential buildings, 65 villas, 49 chalets and a 250-room 5-star hotel & spa. The project will also contain an all-inclusive shopping mall, the most up-to-date Medical Center, six lavish parks, a private marina, a state-of-the-art Spa Village and a Yacht club. With its luxurious designs, spacious parks and even an Aquarium, Reef will be an island paradise complete with modern amenities and infrastructure. [IntListings]
