Shaikh Saud inaugurates Dh1.2 billion Bab Al Bahr

DUBAI - Shaikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, yesterday inaugurated the Sales Centre of the Dh1.2 billion Bab Al Bahr development in Ras Al Khaimah.



By (By a staff reporter)

Published: Wed 16 Jul 2008, 11:52 PM

Last updated: Sun 5 Apr 2015, 12:50 PM

Shaikh Saud also unveiled the model apartments of the extensive resort project, the inaugural development on the Al Marjan Island, which is being developed by Rakeen, the master planner and developing arm of the Ras Al Khaimah Government..

Accompanied by Dr Khater Massaad, CEO of Ras Al Khaimah Investment Authority (Rakia) and Chairman of Rakeen, Shaikh Saud laid a symbolic cornerstone marking the official inauguration of the Bab Al Bahr Sales Centre. Shaikh Saud then cut the ceremonial ribbon and led government officials, stakeholders of the Bab Al Bahr project and other VIPs into the Sales Centre.

Shaikh Saud bin Saqr Al Qasimi said, "Bab Al Bahr opens a new era in the development of many lifestyle-oriented projects in Ras Al Khaimah. This innovative project serves a very important strategic purpose as it significantly boosts the emirate's reputation as a key business and leisure destination in the Middle East. More importantly, being the first of many landmark projects on the Al Marjan Island, the Bab Al Bahr project will be a key instrument in generating greater interest for the exclusive island development and the rest of our groundbreaking real estate projects in Ras Al Khaimah."

Dr Massaad, the Chairman of Rakeen, commented, "The prestige and reputation of the Bab Al Bahr project is crucial in the overall economic development plan of Ras Al Khaimah, particularly in the rapidly growing tourism sector. Tourism has become one of the emirate's fastest-growing economic contributors and the Bab Al Bahr project will help consolidate our position as a major tourist destination in the Middle East. This project also serves as an excellent complementary initiative to the extensive industrial and commercial development programmes of Rakia."

The Sales Centre and model apartments featuring one and two-bedroom units have been designed to cater to investors and property buyers. The Sales Centre is equipped with offices and a meeting room for business.

"The Sales Centre will definitely expedite our marketing initiatives that help us achieve superior sales results, while the model apartments have been meticulously created to reflect the beauty and elegance of the actual Bab Al Bahr units. These steps represent our total commitment to provide beginning-to-end customer support and make the investment activities of our clients as comfortable as possible. Furthermore, our efforts are based firmly on Rakeen's core values of sustainability, responsibility and prosperity," said Wahid Atalla, Member of the Board, Rakeen.


More news from Business
In-store shopping regains trust

Business

In-store shopping regains trust

What is happening now is that as Covid-19 cases continue to decline, residents are regaining confidence in in-store shopping. This is according to a Kearney study in which UAE respondents cite convenience (51 per cent), enhanced shopping experience (49 per cent) and competitive pricing (44 per cent) as the main motivators driving them back to brick and mortar stores

Business5 days ago