RAK Real Estate Project: Al Marjan Island Completes Reclamation Work

A significant real estate developer in RAK, Rakeen has confirmed they have completed their reclamation work on the $1 billion project: Al Marjan Island. This is the first man-made island which surrounds the emirates coastline by 21 km. The infrastructure work in the first phase, by Rakeen, has covered electricity, sewerage, drainage, water, roads, telecommunication, street lighting and channel crossing. 2.7 million sq m of the project, this first phase includes island 1 and island 2 out of the 4 island cluster.

The infrastructure and Project Director of Rakeen said “"We have maintained the highest standards in all aspects of the project, and have adopted modern technology and pro-environment techniques that will distinguish Al Marjan island as an environmentally friendly business and residential destination in the region. Moreover, our commitment to protect the interests of investors and stakeholders of the project is clearly manifested by Rakeen's timely completion of the project's reclamation work."

From the Public Works Department, Rakeen had taken over as a master developer in May 2007. Island 1 and forty percent of Island 2 were domesticated. However, by 2008, Island 2 and Island 4 were completed. Reclamation work was completed for Island 3 by January, after finishing the rock work and sand filling.

Rakeen has also extended its responsibility by taking over the reclamation and infrastructural changes for Bab Al Bahr. This development is an integral part of Al Marjan Island, which will serve as a gateway to the integrated island community. This is a mixed used development hosting residential and office tower, accompanied with a hotel and a mall tower. The first building constructed for the residents in this development would be completed to handover by mid 2010.

Other developments in Al Marjan Island such as Marbella Bay and Pacific are also on its way to face some infrastructural changes.