Business | Construction
Bab Al Bahr piling works on track, says Rakeen
Rakeen, the master-planner and land developer of the Ras Al Khaimah government has announced that it has recently completed the piling works for half of the residential component of the Bab Al Bahr and is set to proceed with the construction of the residential units.
- Staff Report
- Published: 23:43 August 20, 2008
Dubai: Rakeen, the master-planner and land developer of the Ras Al Khaimah government has announced that it has recently completed the piling works for half of the residential component of the Bab Al Bahr and is set to proceed with the construction of the residential units.
Rakeen emphasised that the unobstructed workflow has been a significant success after a critical shortage of building materials as well as a sharp increase in prices have affected several construction projects across the region.
Rakeen also reported that main contractor Al Hamra Construction Company will start the piling work and construction of the second half of the residential area shortly as the Dh1.2 billion mixed-use resort development remains firmly ahead of schedule.
Consistency
"Consistency is an important factor in the highly competitive real estate sector. Investors and property buyers want to be constantly reassured of the state of their investments and there is no better way to boost their confidence than to remain consistent and committed to the construction schedule," said Rakeen board member Wahid Atta Allah.
Following the successful sales campaign for the Bab Al Bahr office tower, the premier commercial centre of the Bab Al Bahr development, Rakeen is now taking steps to highlight the key features of the residential components of the integrated community development.
Bab Al Bahr is the inaugural development project on Al Marjan Island, Rakeen's man-made coral shaped atoll that extends four kilometres into the Arabian Gulf.
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