Header Logo
Lombok Realestate - News pages
Investment News
Article from Lombok Times issue June 2008
With its cheap land, magnificent forests rugged mountain terain, volcano and pristine white-sand beaches that out do anything Bali has to offer, Lombok's Time in the Investment sun may finally have cove. Two major developments signal the sea change from sleepy land bank to a potential Southeast Asian invesiment hotspot.
Emaar of Dubai last year signed a Memorandum of Understanding ( MoU ) for a massive 1200-hectare development on the south coast. mean while the constuction of the new international airport, located just north of Sengkol, will put the south coast town of Kuta and many of the island's southern beaches within a 20 to40 minute drive of arriving for the first time.
The new Lombok International Airport is due to be completed by 2009, when it will be open for domestic and regional traffic, while long-haul flights are set to commence the following year. The airport will have a landing strip of 2750 meter, long enough to accommodate 747s and A310s.
Emaar one of the Dubai's largest and most conservative worldwide investment and development companies, is one of the financiers for te airport, along with the Lombok local government, plus Japanese and Korean loans.

 Sceptics await actual constuction to commence on the Emaar and airport project, but as of January all looks set.
Land clearance on the airport has been completed, while the Emaar development concludes its due diligence.

Emaar leads the way
The Emaar development will cost somewhere between US$600 million-$800 million, according to verying report, and will feature a marina, golf course, luxury private recidences and resorts run by five star hotel groups.
The project will have 7km of water frontage based on Mandalika Beach in the Kuta/Tanjung Aan area, and will extend 1.7km back from the coast east and west of Kuta.
The Armani Group and Ritz Carlton are said to have commited to the project. Villa communities will also be built in the hill featuring ocean views and supporting and recreational facilities. Muhamed Ali Alabbar, Cheirman of Emaar properties, stated that the new project will be environmentally friendly, low rise and culturely attuned to its surrounding. Emaar, he said, will also ensure suitable infrastructural measures for water, roads and waste diposal are put in place.

 In addition to the verious properties going in with Emaar, new hotels in Lombok are in the drawing boards for Accor, Banyan tree and local hoteliers Tugu and Santrian.
The Emaar Group, which has alredy invested heavily in Asia, most recently in Singapore's prestigious Raffles International School, further indicated that Emirates would be flying into the new Lombok airport.
With direct international flight to Lombok set to rapidly expand with the new airport's proximity to the island's many southern beaches, investment is heating up. In 2000, beachfront property in Lombok could be picked up for US$220 per are ( 100sqm ) or US$9,600 an acre. Today, prime beachfront is going for 10 times that.
To Contact us :
PT. Lombok Property
Realestate & Broker
Lombok Realestate
PO-Box 113, Senggigi
Office : Jl.Raya-Senggigi
Gallery Intan Laguna No 3
Lombok NTB Indonesia
Phone :
Office : + 62 370 693 796
Hp: 0818544731 / 0813534
14121
Fax : + 62 370 693 872
Webdesign by: Teratai Solutions
© Lombok Realestate - 2007