Issue No 296 - 26 Jan 2009
 
 
Marina West's $700m development on target

Construction work on Marina West's $700 million development project is on target, it was announced.

About 25 per cent of the development has already been constructed and all except its five-star hotel is on target for completion by the end of April next year, officials said yesterday.

Overall about 40pc of the height of the towers has been completed, Al Hamad Construction and Development Company project manager Isa Ramadan said.

Al Hamad Construction and Development Company is Marina West's chief project contractor.

Ramadan said last year's cement shortage had brought work to a stop several times since the project started in September last year but now that additional suppliers in neighboring countries had been found everything was running smoothly.

'All is going according to plan,' Ramadan told the GDN on the sidelines of a Press tour of the development site in Budaiya.

'We are at 40pc of the height of the towers and we have started block work and plastering on all the towers.

'Almost 25pc of the overall project has been completed.'

Marina West managing director Mahmood Janahi said about 60pc of the project's 1,168 apartments had been sold.

'About 80pc of apartments in the six towers we released have been sold, the other four have not been released yet,' he said.

'So we can say about 60pc of the entire project has been sold.'

Marina West marketing director Abdulnabi Shakeeb said that the apartments had been bought by an equal number of Bahrainis, expats and Saudis.

'This year we will release the other four towers and hopefully we will sell all,' he said.

'Smaller investors have backed up a bit, but we are still getting interest from the big investors.

'There has been a slowdown, but it hasn't stopped. This is a reflection of the total market.'

ReeMoon Consulting Company managing director Eric Tromans said the project's 10 residential towers were on target to finish on time, but its five-star Rixos Hotel was a little behind schedule.

ReeMoon is the development management partners of Marina West
'The Rixos Hotel has 286 keys and includes standard and luxury rooms, suites, five restaurants and other facilities,' he said.

Mr Tromans said the construction work is carried out 24 hours a day and currently employs about 1,500 people, but he expected this to peak at about 2,500.

ReeMoon project director Mohammed Jalees said since the project started in September they had achieved 1.7 million man-hours without a lost time incident.

Marina West comprises four 20-storey and six 26-storey residential towers and a 32-storey hotel featuring state-of-the-art elevators, common areas, reception vicinities and balconies.

The towers enclose a fully-equipped marina, offering scenic views of the sea and landscaping of the 75,000sq/m community.

On offer are one, two, three and four bedroom flats, in addition to simplexes, duplexes, and penthouse suites, all fully equipped with air conditioners, high definition televisions, sound systems, telephones, high speed internet connection, and more.

The Rixos Marina West Hotel features two marina-front fine dining facilities, two roof top restaurants, pool side coffee shops, a discotheque, banquet halls, a health club, an infinity pool and Jacuzzi.

The residential development boasts private sandy beaches, an outfitted marina, a complete health club, playground area, tennis courts, cycle paths and lagoon shaped pools.

It also features retails outlets, cafes, waterfront restaurants, and various leisure facilities. Marina West is a gated community that uses the latest security systems and services and has a two-storey car park podium with space for more than 1,800 vehicles.

Source: Trade Arabia News

     
PO Box: 7553, Dubai, UAE
Tel: +971 4 331 3122 Fax +971 4 331 3126

www.eqarat.com