Bali’s leading property developer, Mirah Investment & Development, extends partnership with TATA for the construction of Kiara Beachfront, 94 luxury beachfront serviced apartment in Bali’s prestigious Nusa Dua region.

The first beachfront residence of it’s kind in Bali
Kiara Beachfront

[BALI, INDONESIA – May 08, 2024] Mirah Investment & Development announces its strengthening of the partnership with PT. Tatamulia Nusantara Indah, more commonly know as TATA.

As one of Indonesia’s leading contractors, the company plays a major role in Indonesia’s rapid urbanization – working on projects from factories, office buildings, & hospitals to 5-stars hotels, including GAMA Tower, Indonesia’s tallest building at the time.

This collaboration heralds a continuation of the synergy that is bringing to life Kiara Ocean Place, Mirah’s fastest selling development to date with 64 apartments sold within 6 months. Kiara Ocean Place, located in Batu Belig, is set to open later this year.

It’s sister project Kiara Beachfront, located on the prestigious Nusa Dua beachfront, distinguishes itself by being one of the few developments offering direct beach access in the region, making it a rarity in Bali’s prime real estate offerings.

Jonathan Hedar, Chairman of Mirah Investment & Development, emphasized the significance of this partnership, stating,

“Our collaboration with TATA Construction is not just about building homes; it’s about creating a legacy that resonates with the discerning tastes of our clients.”

Watch the latest construction update for Kiara Beachfront!
April 2024

Unparalleled Luxury in a Coveted Location

Nusa Dua, known for its tranquil beaches and luxurious lifestyle, provides the perfect backdrop for Kiara Beachfront. This project offers investors and future residents an exclusive opportunity to own a piece of paradise with the promise of a lavish lifestyle and robust investment returns. Currently, 70% of the development has been sold, reflecting the high demand and trust in Mirah Investment & Development’s vision for luxury living.

Constructions of Kiara Beachfront
Nusa Dua

Investment Potential and Strategic Partnership

The strategic partnership between Mirah Development and TATA Construction aims to leverage the strengths of both entities to deliver a project unmatched in quality and design. “The success of Kiara Ocean Place was just the beginning. With Kiara Beachfront, we aim to elevate the luxury living experience in Bali to new heights,” Hedar further added. “The anticipation surrounding this project is high, with projected passive income returns of 12% per annum for owners, making it an attractive proposition for those seeking both luxury and profitability.”

A Call to Discerning Investors

Kiara Beachfront feature two swimming pools, a café, a beachfront restaurant, a business centre and will be operated by the newly formed Luxso Villas & Apartments hospitality management company helmed by Alan Porteous, previously from Elite Havens.

With only 30% of the units remaining, potential investors are encouraged to act swiftly to secure their investment in this exceptional beachfront development.

Bali’s premiere tourist destinations
Nusa Dua

Benoa Tanjung & Nusa Dua

A recently released report by Howarth HTL on Bali Hotels & Branded Residences highlighted Benoa as the fastest growing region with the highest increase in occupancy – far surpassing pre-pandemic levels.

As a market segment, hotels & branded residences have experienced growth,

“In 2023, Bali’s hotel market experienced a remarkable rebound, surpassing peak performance recorded in 2019…

Bali’s overall performance in 2023 exceeded the levels seen in 2019, marked by an impressive 30% increase in both Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR) in USD,” the report said.

Kiara Beachfront is not merely an investment in real estate but an investment in a lifestyle that epitomizes the pinnacle of luxury and serenity in Bali.

About Mirah Investment & Development

As Bali’s leading property developer , Mirah Investment & Development are well established as the market leader with years of experience in bringing luxury developments to the most sought-after locations across the Indonesian archipelago. An extensive in-house team of locals and expatriates offer end-to-end services from architecture and design to professional property management as well as legal, taxation and immigration support.

Contact the sales team to learn more