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Lombok on the rise: multimillion dollar investment announced by Emirates property company

 

Hailed as Bali's sister island, with beautiful pristine white sand beaches and a rugged southern coastline offering unrivalled ocean views, Lombok finally is emerging on the international real estate scene. Emaar Properties, the UAE-based global property developer is expanding to Lombok and has signed up to develop 1.200 hectares for an estimated $ 600 million. If all goes according to plan, Lombok will soon boast its own marina, luxury residences and five star resorts in the Kuta / Tanjung Aan bay area.

Savvy investors have started to pick up prime beach land at prices unheard of in Bali. The first villa developments have been completed and more are underway. With an international airport offering direct flights from Singapore and Kuala Lumpur, and plans for a new expanded airstrip in Central Lombok, the island is getting ready to get on par with Bali.

Exotiq Property is proud to be the first international property agency to open its doors in Lombok and offering professional real estate services.

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