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Tuesday, November 10 - 2009

Bab Al Bahr apartment construction on schedule

  • United Arab Emirates: Monday, February 18 - 2008 at 14:05
  • PRESS RELEASE

Rakeen, one of the region's most dynamic property developers and master planners, today announced that construction of its international standard apartment units within Bab Al Bahr ('Your gateway to island living'), the idyllic resort development on Al Marjan Island, is on schedule.

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  • Bab Al Bahr.
    Bab Al Bahr.
Piling is already underway on the Dhs1.2bn development, while the apartment buildings are on course to be completed in the fourth quarter of 2009. Confirmation that construction is proceeding exactly as planned represents an important step in the development of the Bab Al Bahr project that will ultimately encompass the residential buildings, a timeshare building, a hotel, an office tower and a shopping mall, providing an exclusive lifestyle.

Dr. Imad Haffar, Chief Operating Officer of Rakeen, the owner and master developer of Bab Al Bahr, commented:

"We are delighted that the construction targets we have set for the stunning apartment buildings on Bab Al Bahr are being met. Bab Al Bahr is a development that is designed to offer the finest standards of living; the very embodiment of the fresh approach that Rakeen is taking to development. By the end of next year, residents will be able to enjoy the ocean, nature, exquisite landscaping, fine architecture and enviable facilities in one place."


"Available directly from Rakeen with 100% freehold ownership, the apartments on Bab Al Bahr exist in 6 stunning buildings featuring dramatic architecture that complements the natural beauty of the island. Open private beachfronts, 360-degree sea views and sensitively-landscaped surroundings add to the feeling of openness and freedom that Bab Al Bahr aims to bring to everyday life," indicated Mr. Wahid Attalla, CEO of Spectrum Consultants, the client representative and project manager.

There are 710 apartments in 5 buildings (Fayrouz, Marmar, Yakout, Kahraman and Amwaj) and all are available for freehold purchase, with an additional 120 apartments in Zumourud available for timeshare ownership. Purchasers will find further reassurance in the carefully selected partners working with Rakeen on Bab Al Bahr: Spectrum Consultants will bring to the project their broad experience of providing consulting services for multi-disciplined projects in the region; B&G Hotels & Resorts, a leading hotel and resort management company, will operate and manage Bab Al Bahr hotel and timeshare apartments; Asteco, a leading property management and real estate company, will exclusively sell the units; and Union National Bank, one of the UAE's most renowned mortgage providers, is offering 90% mortgages to Bab Al Bahr apartment buyers.

Dr. Haffar added, "Above all, we have endeavoured to make Bab Al Bahr sustainable. Through intelligent planning, high construction standards and respectful treatment of natural resources, we are fully confident that Bab Al Bahr will be a wonderful place to be - at work, at leisure, for many years to come."
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Notes and media contacts

Bab Al Bahr offers 3, 2 and 1 bedroom apartments, together with studio apartments. Those available for freehold purchase will benefit from a range of first-class amenities, including:
• Private beach
• Gym / fitness centre
• 24-hour security
• Themed swimming pools with bar and snack counter
• Children's play area and games centre
• Hotel and Club privilege access
• Parking for 800 cars

Bab Al Bahr is located where Al Marjan Island meets the mainland, meaning that its residents can enjoy the best of both worlds: working, resting and playing on a haven, with the convenience of being in close proximity to all the amenities and natural splendour of Ras Al Khaimah and the rest of the UAE.

About Rakeen
Translating as 'central pillar' or 'trustworthy support' in Arabic, Rakeen was established in April 2006 as the land master planner and developer responsible for the Emirate of Ras Al Khaimah's property development. With authorised capital of AED 4 million, Rakeen has a number of high-profile local and international projects in progress, including an exhibition and convention centre, offshore financial districts and new urban developments. For more information, please visit http://www.rakeen.com/


About Bab Al Bahr
The vision of Bab Al Bahr is to create the ideal home, where basking in an idyllic island setting is part of everyday life. Bab Al Bahr offers a hotel of international standard, freehold apartments, timeshare apartments, office space and a shopping mall in a cosmopolitan setting. Bab Al Bahr also benefits from nearby facilities, including a top-standard golf course, hotels and resorts, schools and hospitals of international repute.

Bab Al Bahr is 20 minutes from Ras Al Khaimah International Airport, less than an hour's drive from Dubai, and enjoys the advantage of close proximity to three international airports - Ras Al Khaimah, Dubai and Sharjah.


About Al Marjan Island
Bab Al Bahr is situated on Al Marjan Island, an ambitious AED 6.6 billion man-made island development off the beautiful coast of Ras Al Khaimah. Located 27 kilometres southwest of the Ras Al Khaimah town centre, the Al Marjan Island project is a cluster of four coral-shaped islands dotted with a variety of water homes, floating villas, hotels, resorts, sporting facilities and commercial spaces over a total area of 2.7 million square metres. The furthest point of the beach is 4.5 kilometres out into the sea.

Rakeen has rejected 'hostile dredging' techniques to create the man-made islands, preferring a more natural approach by using surface fill with coarse earth material. Various techniques are employed to ensure that marine ecology is not disturbed and that crystal clear waters are maintained.


© 2008 Rakeen.
All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.


For more insight, information, images or to interview a spokesperson please contact:

Press Contact:
Max Tuttle, Raghda Helal & Shazia Malik
NettResults Public Relations
PO Box 72587, Dubai, United Arab EmiratesTel: +971 4 331 1593 Fax: +971 4 331 1562
www.NettResults.com

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