Abraj Al Lulu,
also known as The Pearl Towers, is a freehold apartment
development being built in the in Seef district
of Bahrain's capital city Al Manama. The BHD 95
million (US$ 252 million) project will contain three
tower located next to the Lulu (pearl) roundabout.
It will cover an area of 18.6 thousand square meters
(200 thousand square feet) and was designed by a
group of architects (Jafar Tukan, Cowi Al Moayed
and Habib Mudara).
Abraj Al Lulu's three freehold residential
towers are named Gold Pearl Tower, Silver Pearl
Tower and Black Pearl Tower. Gold Pearl Tower and
Silver Pearl Tower will rise 200 meters (656 feet),
have 50-storeys and offer 1 to 3 bedroom apartments
from 1,059 to 1,831 square feet (93 to 170 square
meters). Black Pearl Tower will rise 160 meters
(525 feet), have 40-storeys, and offer 3 and 4 bedroom
apartments from 2,121 to 2,896 square feet (197
to 269 square meters). There will be a total of
860 apartment units and each tower will also contain
4 two-floor, 4-bedroom penthouses covering 3,660
square feet (340 square meters).
Amenities at Abraj Al Lulu include
double height reception, 4 high-speed elevators,
swimming pool, jacuzzi, sauna, sun deck, children's
pool and play area, health spa, barbecue kitchen,
cinema lounge, recreation room, squash courts, advanced
safety system, conference room and business center
on the ground floor, electronic proxy card system,
restaurants, shopping and retail outlets, and four
storey car park accommodating over 1,100 cars.
Abraj Al Lulu will be located close
to the Bahrain Financial Harbour (BFH) and the Al
Futtain City Center. It will also be located 8.5
kilometers (5 miles) from Bahrain International
Airport. Bahrain-based Shamil Bank is providing
Islamic home financing to buyers.
Expected Completion Date
- May 2008 Real Estate Developer - Pearl Development
and Real Estate Location - Al Seef, Al Manama, Kingdom of
Bahrain
On First Floor
Extra large swimming pool, Jacuzzi, sun deck with
patio furniture
Toddlers pool with play area and equipment for children
State-of-the-art health spa for ladies and gents
Ladies & Gents changing rooms and toilets with
sauna and steam baths
Attractive landscaped play area, rock garden, water
falls, etc. spread over approximately 56,000 sq.
ft.
Terrace and other floors
Barbecue kitchen with furniture and equipment on
open terrace
Squash courts with furniture and equipment for each
tower on the ground floor
Other facilities: Internet café, snack bar,
guest Laundromat
Luxury redefined! This exclusive 40-storey tower
with its impressive reception area and elegant lounge
is designed to take a visitor's breath away.
State-of-the-art CCTV, sophisticated electronic
proxy card entry system for the apartments all set
the tone for the modern homes, awaiting to be discovered.
High speed elevators race to spacious three and
four-bedroom apartments. Huge windows provide uninterrupted
views of the harbour, the sea and the city. Generous
floor areas allow for a separate family room and
maid's room. These apartments are truly fabulous.
The 12 villas, four each at the very top of the
three towering edifices are designed for privacy
and provide you with an awe-inspiring view of Bahrain
from the skies.
Each villa measures a grand 3750 sq.ft and promises
to be luxury redefined without restrictions.
To complete the ultra-modern lifestyle theme, all
the villas offer state-of-the-art Smart Home™
and Smart Living™ technology.
Abraj Al Lulu is the largest freehold luxury apartments
project in the Kingdom of Bahrain. Due for completion
in December 2007, the project will cover an area
of 200,000 square feet and will comprise of three
multi-storey residential towers offering superior
amenities fit for a luxurious life. The towers will
house over 860 state-of-the-art apartments and will
be complemented by a four-storey car park that will
accommodate over 1100 cars. Abraj Al Lulu is located
in the centre of the capital – Manama - across
the highway from the Bahrain Financial Harbour and
close to the Al Futtaim City Centre, a 20-minute
drive from the Saudi causeway and less than 10 minutes
away from the Bahrain International Airport. The
BD95 million project ($252 million) is owned by
a group of leading Bahraini, Saudi and UAE investors,
in coordination with Bahrain-based Pearls Real Estate
Development Company. Al Hamad Construction and Development
Company has been appointed as the construction contractors
for Abraj Al Lulu and Pegasus Realty has been appointed
as the sales and marketing company in charge of
promoting the project.
The BD 95 million 'Abraj Al Lulu' (Lulu Towers)
project, the first of its kind in the Kingdom of
Bahrain, was instigated by Bahrain-based Pearl Real
Estate Development Company, which is co-owned by
a group of Bahraini, Saudi and UAE investors who
boast a wide experience and proven expertise in
the real estate sector. Rising high from the heart
of Bahrain's capital, this first-of-its kind venture
will undoubtedly transform Bahrain's skyline and
provide investors with a luxurious lifestyle at
the centre of the downtown action.
Strategically located in the heart of Manama, Bahrain's
capital, across the highway from the Bahrain Financial
Harbour and opposite the Al Futtaim City Centre,
'Abraj Al Lulu' is a 20-minute drive from the Saudi
causeway and less than 10 minutes away from the
Bahrain International Airport. Abraj Al Lulu is
expected to be completed by December 2007.
This revolutionary project covers an area of 200,000
square feet and will comprise of three multi-storey
residential towers offering superior amenities fit
for a luxurious life. The towers will house over
860 state-of-the-art apartments that will be complemented
by a four-storey car park that will be able to accommodate
over 1100 cars.
Mr. Mohammed Dadabhai commented that "this
ground-breaking freehold luxury apartments project
fulfils the needs and desire of many Gulf and expatriate
families who wish to buy
property and get a residence permit in order to
make Bahrain their home. To further facilitate the
acquisition procedure, we are in the closing stages
of finalising an agreement with a leading financial
institution to provide the best mortgage finance
deals to parties interested to invest in Abraj Al
Lulu'.
Mr. Dadabhai also added that 'this project runs
in-line with the policies of our wise leaders that
aim to promote investment opportunities in Bahrain,
enhance and develop the national economy, create
more job opportunities for the local workforce and
attract foreign investment in the kingdom.'
'We would like to convey our sincere appreciation
to our leaders and the various competent governmental
bodies that supported this project since its inception
and assisted us in bringing it to life.'
Mr. Dadabhai also explained that this pioneering
venture will not be the last of its kind as the
company is seeking to expand its project-base to
further contribute towards the country's social
and economic development and potential investors
should be encouraged to embark on similar initiatives
in order to further benefit Bahrain and its citizens.
Talking about the interest generated in this project
to-date, Mr. Hatim Dadabhai, Director of Dubai-based
Pegasus Realty - the exclusive sales agents of the
project, explained that 'we are extremely pleased
with the tremendous interest witnessed by 'Abraj
Al Lulu' and have to-date sold over 40% of the apartments
to investors around the GCC and Bahrain, which is
an extremely positive sign for a development project
of this nature.'
'Although we were initially planning to set up our
sales offices following the official unveiling ceremony
of 'Abraj Al Lulu', the vast enquiries received
by potential investors made it necessary for us
to open up for sales earlier than anticipated. Located
at Seef Residence, our sales offices have been set
up to receive calls and enquiries on this pioneering
venture as well as carry out processes and finalize
sales transactions for all the 860 state-of-the-art
apartments. We are also in the process of continuously
expanding our sales staff to handle the increasing
number of enquiries and provide a superior level
of service as is suitable for a project of this
magnitude' continued Mr. Hatim Dadabhai.
Al Hamad Construction and Development Company, a
highly experienced and one of the most efficient
contracting companies in the region, has been appointed
as the construction contractors for the Abraj Al
Lulu project. Having been involved in the construction
of similar large-scale projects such as Financial
Harbour and Al Areen Developments, Al Hamad Construction
has a track record of executing all construction
deliverables well within the set time-frame.
Dubai-based Pegasus Realty, one of the most prominent
names in the real estate arena with offices in London,
Nice and Monaco, has been appointed as the exclusive
sales agents in charge of the Abraj Al Lulu project.
With a portfolio of over 200 prime properties, Pegasus
Realty holds the keys to the best and most luxurious
residences worldwide.
The BD95 million project was designed jointly by
a group of renowned architects: Jafar Tukan, the
winner of the most notable Aga Khan Award for architecture
in 2001 and involved in many prestigious projects
around the world, namely the Amman Hilton Hotel
in Jordan, San Stefano Complex in Canada, Jordan
Gate project and Mecca General Hospital in Saudi
Arabia. Cowi Al Moayed and local architect Habib
Mudara are also involved in this prestigious project.