• HSBC

Rakeen announces sales launch of Bab Al Bahr Office Tower

  • United Arab Emirates: Thursday, July 31 - 2008 at 12:11
  • PRESS RELEASE

Rakeen, the master-planner and land developer of the Ras Al Khaimah Government that exercises environmental responsibility when planning and developing, has announced the sales launch of the Bab Al Bahr Office Tower, one of the centrepiece projects within Ras Al Khaimah's Dhs1.2bn mixed-use resort development Bab Al Bahr.

Bab Al Bahr Office Tower is the only office and commercial building that is located between the entrance of Ras Al Khaimah until downtown Ras Al Khaimah City. The Bab Al Bahr Office Tower, which has 108 offices for sale, is located in a free zone area and is open to all local and international investors.

Rakeen has recently stepped up its marketing and sales initiatives for the Bab Al Bahr Tower following the recent commencement of construction, which has since been progressing at a healthy pace. Construction work on the tower is now in the piling stages even as the rest of the components of the Bab Al Bahr development have likewise progressed on schedule.

"We expect the initial sales results for the Bab Al Bahr Office Tower to exceed our expectations, as the resort development has been conceptualised to provide world-class amenities that cater to the business, leisure, recreational and personal needs of our clients. It is a fully integrated community that will rival any development of its kind in the region," said Wahid Attalla, Member of the Board, Rakeen.

Bab Al Bahr Office Tower will be a 20-floor office facility, which is integrated into a three-tiered, 19,000 square meter shopping complex. The shopping complex boasts luxury retail stores, coffee shops, a food court, a family entertainment centre and four screen cinemas.

The 18,500 square meter office tower offers a full range of business and office amenities, stunning views of the Gulf and an underground parking for up to 400 cars. Moreover, the office facility provides free zone trade licenses and easy access to a fully integrated development complex, which includes residential apartments and a 320-room resort hotel.

Bab Al Bahr is the inaugural development project on Al Marjan Island: Rakeen's man-made coral shaped atoll that extends four kilometres into the Arabian Gulf. The island-inspired, fully integrated community offers occupants and visitors stunning 360-degree sea views and extensive landscaping that includes exotic gardens and a 500-meter long stretch of beach.
World-class business tower integrated into three-tiered mall complex is one of centrepiece projects within Dhs1.2bn Bab Al Bahr project. 
World-class business tower integrated into three-tiered mall complex is one of centrepiece projects within Dhs1.2bn Bab Al Bahr project.
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About Rakeen:

Rakeen is one of the Middle East's leading land master developers and property development companies, and the real estate development arm of the Ras Al Khaimah government, which commenced operations in April 2006, following a royal decree by H.H. Sheikh Saud Bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah.

Rakeen, translated as 'central pillar' in Arabic has an authorised capital of AED 3 billion and is in the process of developing a myriad of residential, commercial, tourism and industrial projects in Ras Al Khaimah, Georgia, India, Iran and Africa. Some of Rakeen's major projects include, RAK Financial City, Gateway City, Al Marjan Island, RAK Convention Centre, Bab Al Bahr, Jabel Al Jais, Banyan Tree Resort, Azure Hotel and Dana Island in Ras Al Khaimah, in addition to Isfahan, Iran; Tbilisi Uptown and Tbilisi Heights in Georgia; and Kinshasa High Rise Congo in Africa.

For more information, please contact:

Orient Planet PR & Marketing Communications
P.O. Box 23345, Dubai UAE
Tel : +971 4 3988901
Fax : +971 4 3988941
Website: www.orientplanet.com

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