Rakeen has said 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.

Rakeen is one of the region's most dynamic property developers and master planners.

Piling is already underway on the Dh1.2 billion ($0.32 billion) development, while the apartment buildings are on course to be completed in the fourth quarter of 2009, said an official spokesman.

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.

"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," said chief operating officer of Rakeen, the owner and master developer of Bab Al Bahr, Dr Imad Haffar.

"Available directly from Rakeen with 100 per cent freehold ownership, the apartments on Bab Al Bahr exist in six 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," said CEO of Spectrum Consultants, the client representative and project manager, Wahid Attalla.

There are 710 apartments in five 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 will offer 90 per cent mortgages to Bab Al Bahr apartment buyers.

Forward this article