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Old March 13th, 2005, 01:40 AM   #1
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#COMPLETED-Amwaj: "AL MARSA FLOATING CITY"



The Project involves the design, management, construction and marketing of around three hundred and fifty nine (359). Waterfront Villas/Chalets and flats covering an area of 53,430 sqm. located in the Floating City neighborhood of Amwaj Islands, a man-made island covering an overall area of 2,798,064 sqm. situated at the northeastern tip of Muharraq, Bahrain.

The Floating City is designed to have a series of canals where boats may cruise and even park right by their own back garden where the level of water is maintained within 50cm 'rise and fall' by a sector-lock gate located at the south entrance of the island adjacent to the Proposed Yacht Club.

The project is designed and patterned after similar residential marina projects conceptualised and constructed by world famous Architect, Bernard Spoerry, son of Naval Architect Francois Spoerry, founder and builder of Port Grimmaud, renowned marina neighborhood located near St. Tropaz, France.

The Al Marsa Residential Marina is the first of its kind in the Gulf region and located in the most picturesque vicinity of Muharraq with its pristine waters and cool breeze.

Description

The Al Marsa Waterfront Villas Project covers an area of 53.430 sqm. out of a total of 83,772 sqm. of residential canal lots located at the eastern section of the island, right by the main entrance to Amwaj Islands.

A series of canals with tongue shaped land-masses that are accessed and traversed through humpback bridges were designed to be in the centre of the Floating City to keep these sheltered from adverse elements of nature.

The residential canal lots are part of the Residential Marina or better known as ‘Amwaj Islands’ Floating City’ District which includes a Town Centre with a Hotel, Condominium, Beach Area; Shopping Centre and Banquet Hall; 4 Mansion Lots; Interior Lots; Private Beach Lots and a Yacht Club covering an overall area of 264,000 sqm.

Design Types
There are 13 Villa & Flat Type designs to choose from having varied floor areas, bedrooms and lot cuts, starting with the smallest unit, a Studio Type Flat on 6.2 meter grid property and the largest villa having 5-bedrooms with garden, swimming pool, and boat shelter on a 12 meter grid type plan.
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Old March 13th, 2005, 01:45 AM   #2
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http://www.npcbahrain.com/almarsa_movie1.asp

http://www.npcbahrain.com/almarsa_movie2.asp
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Old March 13th, 2005, 01:55 AM   #3
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Project FAQs

1. What is Al Marsa Floating City?
Al Marsa Floating City is the 'Waterfront' neighborhood district of Amwaj Islands that is traversed by a series of waterways similar to Venice and is the first ever man-made island in the Kingdom of Bahrain where waterfront villas, chalets and flats are being built.

2. How long is the project going to take?
The whole of the project will take 3 years to complete but the first few houses of Phase 1 will be completed in 18months from the day of signing the contract with initial down payment)

3. For whom is Al Marsa?
Al Marsa Floating city is designed for homeowners or investors from every part of the world who may wish to invest on a first-home, a retirement property or an investment property on the water where your private yacht or jet ski can be parked right outside your doorstep.

4. What is the difference between Al Marsa and Amwaj?
Amwaj- is the main island where majority of residential and commercial plots are situated. Commercial plots and buildings will vary from fine-dining restaurants to high-rise apartment buildings, deluxe hotels, private lagoons and beachfront houses.

Al Marsa Floating City- is the waterfront housing project where all villas, chalets and apartments are surrounded by a 2.5-meter deep canal with facilities to park you boat outside your doorstep. The floating city consists of a shopping mall, banks, a souq, a banquet hall, an 8-storey condominium and a yacht club complete with full marine facilities. All housing units are provided with latest sophisticated Internet shopping and delivery services.

5. Where exactly is the Al Marsa Floating City located?
At the southeastern side of Amwaj Islands, Muharraq, Bahrain.

6. What is the size of Amwaj and Al Marsa islands?
Amwaj consists of 3 million m˛ while Al Marsa Floating city is 264,000 m˛.

7. How is Al Marsa being funded?
By equity participation: 50% by Al Shamil Bank, which is one of the leading Islamic Banks in the GCC; 50% by the Y B A Kanoo Group of Companies.

8. How much interest has Al Marsa generated locally and internationally?
We receive constant inquiries from locals & expatriates living in the Gulf region as well as investors living abroad. We have sold 91% of total units in just four and a half months. Due to the demand and to the limitation in units we are very confident that all units will be sold in just two more months.

9. Is there any thing like this anywhere in the world?
The concept is similar to Venice and that is why we call it 'Little Venice' and it's also similar to Port Grimmaud, France along the coast of San Tropez.

10. Who are Designers?
The project is designed by architect Bernard Spoerry, son of renowned Francois Spoerry, founder and designer of Port Grimmaud in cooperation with architect Ahmed Bucheery of Gulf House Engineering.

CONSTRUCTION

1. What are the construction stages?
Phase 1: Within 14-18 months -76 housing units will be completed.
Phase 2: 4 months after Phase 1 - 75 units will be constructed.
Phase 3: 4 months after Phase 2 - 64 units will be constructed.
Phase 4: 4 months after Phase 3 - 144 units will be constructed.
Total number of units: 359

2. What is the island being built of?
The Island is a man-made island reclaimed on the northeastern part of Muharraq Island and were first formed by using the Dutch Technology of geotextile tube bunds and afterwards filling in the containment areas through dredging & reclamation operations by the biggest dredging company in the Gulf.

3. How is the land protected from the canal?
8 to 10 meter long steel sheet piles are driven into the bedrock and capped with concrete reinforcements.

4. How is construction progressing?
British Steel have provided the sheet piles and the Canal contractor will start mobilizing in a month's time to prepare for the piling operations. Completion of Phase 1 is expected by mid next year.

5. What are the unique challenges of such a project?
Bahrain is a tax-free country with an outstanding reputation for having the strictest monetary agency in the region. There is no doubt that this project along with the other sport & tourist developments on the island will provide the economic boost of the century and create a wonder to the world by developing a man-made island where a luxurious lifestyle in a modern world of living is found at affordable prices.

6. Is there a constant water flow in the canal?
Yes. Two water inlet channels will provide enough fresh seawater during the high tide. Water circulation is pushed through a sector lock gate at the south end of the Floating City. The water level of the canal will always remain between 2.0 meters to 2.5 meters and will be maintained within a 50cm 'rise and fall' by a sector-lock gate located at the southern entrance of the island adjacent to the planned yacht club.

7. How will the boats get access to the sea?
Through the sector lock gates, next to the yacht club at the southern end of the project. The gate operates similar to those in the Netherlands, Red Sea and Panama Canals.

8. What will the contractor provide in the houses?
Fully tiled entrance, foyer, kitchen and bathroom including balconies/ verandahs. Light fittings in bathrooms. Concrete screed surfaces in the sitting room for you to chose either carpets or tiles. Fully fitted bathrooms and fully fitted kitchens with lighting. Windows & doors with locks, water heaters, exhaust fans, split A/Cs, outside maid/driver rooms & window A/Cs.

9. What about the car park for the boats and cars for owners in the first and the second floor apartments?
One car park will be located close to the apartment & boat parking at the Souk area and Yacht club (Marsa Marina).

PAYMENT

1. What types of payment schemes are available?
1. Self-financing payment schedule over 18 months with an initial 5% down payment when signing the contract and 15% upon the commencing work at site.

2. Mortgage through Kuwait Finance House with a minimum of 5% down payment and the mortgage period of between 5 to 20 years. We advice our buyers to come up with a 10% down payment where one could get a 12 months grace period before repaying the mortgage.

3. Mortgage through Shamil Bank with a minimum of 20% down payment and the mortgage period of 15 years. Grace period given by Shamil Bank is 18 months (during the construction period).

RESIDENTAL

1. How many homes have been sold so far?
100% of the first phase, 98% of the second phase and 99% of the third phase has been sold.

2. How many types of units are available?
There are 13 varied design types to choose from.

3. How much will they cost?
From BD40,000 1-Bed Flat upper floor to as much as BD225,000 5-Bed Villa with swimming pool.

4. Will expatriate owners be provided with visas?
Yes. All foreigners are welcome to purchase. You and your immediate family (children under 18 years) will be provided with resident visas by the government of the Kingdom of Bahrain. This visa will be invalidated once you dispose of your asset.Visas for other family members visiting you in Bahrain can be arranged through the Passport and Immigration at your own convenience.

5. Can people design their own homes or choose from a selection?
Not in the Al Marsa Waterfront neighborhood. The products are sold as villas, chalets or flats.

6. Can they modify designs?
No. What you see is what you get.

7. What will be the impact of the Amwaj Island & Al Marsa on the real estate market in Bahrain?

Bahrain's real estate market has been flourishing over the past few years and this is just the beginning of that rise. Since the government announced that foreigners are eligible to buy properties on man-made islands & other commercial/touristic areas in 5 specific locations to build high-rise buildings, all these has helped the real estate market to appreciate its prices within a very short period of time.The projects are coming in at the right time when the country opens up to the car-sporting world among other future government endeavors.

TOURISM - HOTELS/ COMMERCIAL

1. How many hotels are being planned?
There will be two 5-star deluxe hotels, two 4-star standard hotels, four 4-star resort hotels, furnished apartment blocks and the most modern condominium buildings in Bahrain.

2. Have any hotels signed up yet?
Yes, Bahrain Hotels Company representing Gulf Hotel has signed up to be the first hotel to be built on Amwaj Islands. Hotel chains like Marriott and Sofitel are in discussions with the Land Developers.

3. What facilities will Amwaj Island have?
* Deluxe & superior 5 Star hotels
* Fine dining restaurants in the lagoon center
* Golf course
* Theme park
* Banks
* School
* Race Course
* Television Studio * 4 Star resort hotels
* Marina
* Yacht club
* Shopping malls
* Cinemas & public parks
* Hospital
* Show jumping unit
* Floating Restaurant

ENVIRONMENTAL

1. Are environmental concerns important to the project?
Yes, it is a primary concern that Amwaj is environment friendly. Even the method by which the man-made island was formed was taken into account. And there will be no direct discharge of sewer or effluent into the sea but to a Sewerage Treatment Plant.

RENTAL INCOME & MANAGEMENT

1. What is the rental income expected from the smallest units and two bedroom villas?
According to my evaluation the smallest studio type apartment (65m˛) on a fully furnished basis should bring in a minimum income of BD.400/- per month. Two-bedroom villa/chalets will bring in at least BD.600/- per month.

2. Will Norwich property consultants guarantee the rental income?
Norwich International Consultants assure you rental income immediately after the unit is ready to be rented. Since Norwich International Consultants are a well-established real estate company on the island, they will ensure that all the units managed by them will be rented within 30 days of the habitation. Alternatively, a compensation of the management fee or free management for a limited period of time will be granted. (To be negotiated). All units managed and to be rented by NIC will be published in the property magazine of Bahrain and pre signed agreements will confirm the rental income before the completion of the respective housing units.

3. Who will Norwich International Consultants be using for the maintenance of the houses?
Al Saraya, the property developer's maintenance team will be setup to maintain the properties through NIC.

4. What is the management fee of Norwich International Consultants?
15% of the monthly income and this can be negotiated according to the number of houses a person will own and its income.
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Old March 13th, 2005, 02:21 AM   #4
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AL MARSA WATERFRONT VILLAS



The Project involves the design, management, construction and marketing of around two hundred fifteen (215) Waterfront Villas/Chalets and flats covering an area of 53,430 Sq.M. located in the Floating City neighborhood of Amwaj Islands, a man-made island covering an overall area of 2,798,064 Sq.M. situated at the northeastern tip of Muharraq, Bahrain.

The Floating City is designed to have a series of canals where boats may cruise aAL MARSA WATERFRONT VILLAS PROJECT BRIEFnd even park right by their own back garden where the level of water is maintained within 50cm ‘rise and fall’ by a sector-lock gate located at the south entrance of the island adjacent to the Proposed Yacht Club.

The project is designed and patterned after similar residential marina projects conceptualised and constructed by world famous Architect, Bernard Spoerry, son of Naval Architect Francois Spoerry, founder and builder of Port Grimmaud, renowned marina neighborhood located near St. Tropaz, France.
The Al Marsa Residential Marina is the first of its kind in the Gulf region and located in the most picturesque vicinity of Muharraq with its pristine waters and cool breeze.

Description

The Al Marsa Waterfront Villas Project covers an area of 53.430 Sq.M. out of a total of 83,772 Sq.M. of residential canal lots located at the eastern section of the island, right by the main entrance to Amwaj Islands.

A series of canals with tongue shaped land masses that are accessed and traversed through humpback bridges were designed to be in the centre of the Floating City to keep these sheltered from adverse elements of nature.

The residential canal lots are part of the Residential Marina or better known as ‘Amwaj Islands’ Floating City’ District which includes a Town Centre with a Hotel, Condominium, Beach Area; Shopping Centre and Banquet Hall; 4 Mansion Lots; Interior Lots; Private Beach Lots and a Yacht Club covering an overall area of 264,000 Sq.M.

Villa Types

There are 13 Villa & Flat Type designs to choose from having varied floor areas, bedrooms and lot cuts, starting with the smallest unit, a Studio Type Flat on 6.2metre-grid property and the largest villa having 5-bedrooms with garden, swimming pool, and boat shelter on a 12metre-grid type plan.

DEVELOPMENT STAGE

The development of the Waterfront Villas will be phased in 3 years with 66 lots constructed in the 1st year which will produce 75 mixed Villa type units, 70 lots in the 2nd Year with 76 units and 58 lots in the 3rd Year with 64 units.

There are a total of 194 canal lots which will produce 215 nos. of various types of Units.
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