Rakeen targets new markets in CIS region through participation at 4th KazRealty Exhibition

Rakeen will showcase the groundbreaking Al Marjan Island and Bab Al Bahr development projects in Ras Al Khaimah as part of a strategy to harness the potential of the CIS region as a vibrant new market for the UAE's real estate sector. Rakeen will be participating in the exhibition in collaboration with Rakeen Georgia.

Jeremy Savory, Commercial Director, Rakeen, said:

"We are very much looking forward to attending the KazRealty exhibition as we are eager to build on the UAE's economic relations with the Kazakhstan Government. This dynamic nation has demonstrated strong growth and still has immense untapped potential. Rakeen, through its Chairman's vision, has highlighted the CIS nations as a fertile investor market where per capita wealth is growing despite the crisis, credit defaulting is non-existent and research has shown that the UAE, in particular Ras Al Khaimah, is a high-quality lifestyle choice the people of this region aspire to."

Bab Al Bahr will comprise studio, one-bedroom, two-bedroom and three-bedroom apartments on completion. It will offer a wide range of luxurious amenities such 180-degree sea view, 560-metre private beach, gym facilities, underground car parking, themed swimming pool, ample children's play area, and hotel and club privileges. Bab Al Bahr will serve as a gateway to Al Marjan Island, the first-of-its-kind man-made island in Ras Al Khaimah.

Al Marjan Island is a $1bn pioneering development project that effectively expands the emirate's coastline by an additional 21 kilometres. Extending some 4.5 kilometres into the sea, Al Marjan Island will feature a range of residential developments, hotels, resorts, recreational facilities and commercial and retail amenities. Al Marjan Island and Bab Al Bahr are two of various upscale developments undertaken by Rakeen, whose portfolio also includes Banyan Tree Resort, the RAK Offshore City, Gateway City, RAK Convention Centre and Dana Island.

KazRealty 2009 will gather exhibitors and buyers from key international markets including Bulgaria, Italy, Cyprus, Slovakia, Switzerland, Russia, UK, France, Monaco, UAE, and other countries. The event will be held simultaneously with the tourist fair KITF, which is a value-added feature as many travel agencies in Kazakhstan also provide realty services.