bab al bahr apartment construction on schedule, bringing the promise of island living one step closer
830 apartments boasting first-class amenities and set in idyllic island location are due for completion by end of 2009
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.
Piling is already underway on the AED 1.2 billion 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 percent 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.”
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.
