Ras Al Khaimah: Impressive construction progress on Al Marjan Island projects
Following news last week that infrastructure works on Al Marjan Island are in full swing, the Ras Al Khaimah Investment Authority (RAKIA) has revealed that impressive progress is also being made on several of the island’s developments.
The first development scheduled for completion is Rakeen’s multi-use Bab Al Bahr project, located on the Al Marjan’s peninsular. Construction on the final level of Bab Al Bahr’s first phase of six residential buildings is underway and handover is scheduled for August this year. Further phases will comprise an office tower, a shopping mall and a hotel.
Two further developments are set to complete in 2011: Manazil Real Estate’s Marbella Bay and Pacific, the award winning joint development by Select Group and Select Property.
Located on island number 2, Marbella Bay is based upon the Spanish region of Andalucia, and features waterfront apartments set amongst lavish landscaping.
The Pacific development, located in prime position on the top island number 4, will offer residents the ultimate in luxury living, boasting private beaches and contemporary properties with stunning views.
RAKIA has revealed that other projects on the island are also mobilising with more developers expected to follow suit over the coming months.
Commenting on the progress, CEO of RAKIA, Dr Khater Massaad said:
“We are very happy about the quality of developments we have been able to attract to Al Marjan Island and about their steady construction progress. Our vision is to create a self-contained community and comforting neighbourhood, providing convenient services and amenities, on a luxurious island with a wide variety of unique residential properties providing high standards of living, with stunning surroundings, lush greeneries, white sandy beaches and romantic views over the sea.”
He added that Al Marjan will be “an outstanding place to live.”
This progress is great news for investors in Al Marjan Island and is testament to the confidence in the success of Ras Al Khaimah’s first man-made island project.
Source: Khaleej Times
- 8th Mar 2010
- Ras Al khaimah Property News
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