Construction of the $183 million Amwaj Gateway, a high-end luxury residential compound that will be located at the entrance of the $1 billion mega Amwaj Island development off the coast of Muharraq in Bahrain, is slated to begin in November this year.

This is the first real estate project being undertaken by the newly established development company RealCapita. The project is a joint venture by parent company Amwaj Gateway Company, which has a paid up capital of $53.05 million, which includes 20 per cent for Yara Investment Company, and 80 per cent for RealCapita.
“Amwaj Gateway will be built on 360,000 sq ft of land and is scheduled for completion by May 2009 and will feature six 20-storey towers that will accommodate 550 units,” explains Tony Connor, project manager.
“The development will house all the facilities and infrastructure that are on the forefront of luxurious living, such as condos, apartments, a hotel, restaurants, commercial outlets, townhouses, swimming pools, gymnasiums and a private beach, all within a gated community giving them the true access to luxury, It is the only plot in Amwaj Islands to contain such a unique mix of facilities with unrestricted sea view and its own private beach,” he continues.
Amwaj Islands project director Kareem Shamma says: “We are set to build 35,000 units in different themes by different developers as Amwaj Islands is being constructed to create a new community and offer its residents a new approach to luxurious living.”
With an authorised capital of $200 million, RealCapita is considered one of the largest institutions of its kind in the Gulf. Some of its other projects include the development of gated community villas in Jasra and two 10-storey high residential towers in Mahooz, both in Bahrain, as well as 22,000 housing units in Morocco in Africa.