Bahrain mulling strip of 50-storey skyscrapers
Manama Municpial Council ponders development of Seef District seafront
Bahrain is considering building a strip of 50-storey skyscrapers along the seafront of the Seef District of the island, despite objections that the towers will destroy the area’s skyline, it was reported on Saturday.
The Manama Municipal Council is considering a plan to give the green light for area along the coast of the Seef District to be developed into towers for commercial and residential use, the TradeArabia News Service reported.
If the five-year plan being considered is approved it will result in a strip of towers up to 50-storeys lining the seafront.
However, some residents and lawmakers in the area are concerned the urbanisation of the coastal area and the increase in tall buildings will destroy the area, the report said.
“We can't stop investors from building their projects and at the same time we can't force investments on residents who have lived there way before it became an attractive hub,” council vice-chairman and area councillor Mohammed Mansoor was quoted as saying.
“We see three houses and 10 multi-storey buildings - one with a height of 15 storeys, another 10 storeys and some 20,” he added. “Then we see government buildings that are three storeys scattered in between, which makes the place ugly.”
Despite the ongoing social unrest in the country, real estate transactions in Bahrain rose nearly 60 percent year-on-year in the first half of 2012, the Al-Watan newspaper reported in July, citing statistics from the Survey and Land Registration Bureau.
Transactions worth BHD317.6m (US$842m) were signed between January and June 2012, a rise of 59 percent, the report said.
While local investors accounted for 81 percent of the total deals signed, investors from the GCC accounted for 8.87 percent, or BHD28.2m, while overseas buyers accounted for 10.1 percent or BHD32.1m.