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Rakeen to showcase Dhs1.2bn Bab Al Bahr luxury resort at Cityscape 2007

United Arab Emirates: Tuesday, October 16 - 2007 @ 11:23

Cityscape will serve as an excellent venue to promote the resort’s integrated development concept, which offers residents luxurious residential and recreational amenities side by side with world-class commercial facilities. The extensive resort project, which is located on Ras Al Khaimah’s Al Marjan Island, will be prominently displayed during the event, providing instant access to high profile investors and real estate buyers.

“Our clients range from families, investors, businessmen to prominent individuals; there is something for everybody from all walks of life, which is exactly the message we aim to deliver during our participation at Cityscape. Our marketing initiatives have already created a strong impact and many prospective investors and buyers are now looking forward to learn more about Bab Al Bahr during the exhibition,” said Wahid Attalla, CEO, Spectrum Consultants, Project Managers of Bab Al Bahr.

Bab Al Bahr is the inaugural development project on the Al Marjan Island, Rakeen’s man-made coral-shaped atoll that extends four kilometres into the Arabian Gulf. The development includes a four-star deluxe hotel, time-share apartments, freehold residential apartments, a shopping centre and an office tower, offering occupants 360 degree sea views and open private beach fronts.

Aside from its world-class infrastructure, Bab Al Bahr also provides easy access to travel facilities being just 20 minutes from the Ras Al Khaimah International Airport, and only 45 minutes from Dubai. Moreover, the project covers other important aspects of an integrated community such as 24-hour security, ample parking space for up to 800 cars, and 100 per cent free-hold ownership for residents.

On completion in the first quarter of 2010, Bab Al Bahr will feature five residential buildings and a total of 710 residential freehold apartments broken into 110 studio apartments, 290 one-bedroom apartments, 220 two-bedroom apartments and 90 three-bedroom apartments. Facilities at the residential areas also include a pool bar, gym, themed swimming pools, children’s play areas, and other club privilege access.

Other features of the self-contained community include swimming pools, exotic gardens, private beach, a la carte dining options, facilities for various beach activities and a nearby golf course. Additionally, the resort will have a tropical look dotted with coconut trees, flowers, shrubs, stones and waterfalls.

Rakeen is now in the process of determining the project’s main contractor in a move to break ground before end of this year; while it has already gathered a powerful line-up of partners for the development and operations of Bab Al Bahr, including B&G Hotels & Resorts, the hotel management company; ASTECO, the real estate agent for the freehold apartments; Union National Bank, the mortgage facilitator for the project; and Spectrum Consultants.

Literally translating to ‘central pillar’ in Arabic, Rakeen is a private joint stock company established in 2006 by the Emirate of Ras Al Khaimah to support the development of the emirate’s booming real estate and property development sectors.

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Tuesday, October 16- 2007 @ 11:23 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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