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Monday, June 1, 2009

Rakeen’s Bab Al Bahr- Residential Development Reaches Its Two Storey Construction

Bab Al Bahr is the iconic development in Al Marjan Island. This island is the first man-made island in the emirate of Ras Al Khaimah. One of the master real estate developers of the region, Rakeen has announced, the residential development in Bab Al Bahr has reached 2 storey construction. This entire development is valued at Dh 1 billion. Rakeen has assured a smooth flow of construction on the site and would be able to deliver its first residential unit by mid-2010.

Herbert Krause, Director of Development, Rakeen said: "On-site progress of the Bab Al Bahr project is ongoing as scheduled. Rakeen is working closely with all the consultants and the construction teams to ensure timely completion and handover as all of us are aware of the importance of this signature project of Al Marjan Island." "Moreover, in these times of global economic challenges, the proper handling of this project will send out the right message to investors and the public and boost their confidence in the strength and resiliency of the Emirate and the strategic leadership of H.H. Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah. We also warmly welcome investors and the public to contact our offices for further information or visit the site and personally witness the construction progress," added Krause.

Bab Al Bahr offers a huge range of residential unit which includes 136 studio apartments, 104 three bedroom apartments, 236 two bedroom apartments and 356 one bedroom apartments. These apartments offer panoramic sea view and overlook some private beaches. In addition this property in Ras Al Khaimah hosts several facilities like underground parking, children’s play area, state-of-the-art gymnasium and several more. Bab Al Bahr forms an integral part of this island. It servers as a gateway to this integrated community.

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