Doors will open to the $1.25 billion (BD472.5 million) Lulu Island housing project on the coast of Manama at some point in 2008, allowing investors to take residence in their new homes.
The manmade Lulu Island, a freehold development project, covers a total area of 564,000 square metres (6.1 million square feet) according to Gulf News Daily.
The future complex will be managed by the Lulu Tourism Company, and is currently being built as a joint venture between the Bahrain government and the Bahrain-based Mouawad Group Real Estate Development Company.
The island is being built in the he shape of the number nine, the and will house 39 residential buildings, one residential Icon Tower, 49 chalets, 67 Arabian-designed villas, a 325-room five-star hotel, marina and yacht club, an aquarium, a medical centre, a shopping mall and a multi-function exhibition center.
