Wednesday, April 16, 2008 ,

Durrat al Bahrain

The Gulf is earning a reputation for its flurry of extravagant developments, fueled by tremendous oil revenues. The scale of the project is matched only by its difficulty, none more so than the creation of man-made islands to house new real estate and tourism developments.

As with most things, the trend was set by Dubai. The Palm concept (commissioned by Sheikh Mohammed and developed by Nakheel Properties) in 2001, was soon copied by Durrat al Bahrain (owned by the Durrat Khaleej Al Bahrain Company, a JV between the Bahrain government and Kuwait Finance House, developed by Tameer). When economical prospects meet national pride, no effort is spared.

Size does matter Simple figures can make you dizzy: the three Palm islands (Palms Jumeirah, Jebel Ali and Deira) form the largest land reclamation project in the world. The Palm-Deira alone should eventually cover an area 46.35 million sqm, larger than Manhattan, and house over a million people. Each of the three islands is in the iconic shape of a palm tree and will add 360km of beach front to the Dubai coastline.

The Palms will be home to over 100 luxury hotels, four theme parks and all the other expected facilities. The project should be completed by 2015, but the Palm-Jumeirah first phase was on the market in January 2003 and the whole project sold out in only 72 hours; residents began moving in at the end of 2006.

The $6 billion Durrat al Bahrain development will consist in 13 man-made islands (six atolls, five petal fish-shaped islands, a crescent-shaped island and a standalone five-star hotel island) covering a total of 20 million square meters. A marina, a 18-hole golf course, spas, restaurants, shopping centers, aqua parks, an exhibition center, a yacht club, are some of the facilities expected to attract 60,000 full time residents in addition to some 4,500 visitors a day. Set only 35 minutes away southeast of Bahrain's capital with access through 12 bridges, Durrat al Bahrain will eventually be 30 percent larger than Manama.












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