Latest News
HomeHotels & LodgingRakeen launches luxury resort in Ras Al Khaimah

Rakeen launches luxury resort in Ras Al Khaimah

The launch of the AED 1.2 billion Bab Al Bahr resort in Ras Al Khaimah has been unveiled by Rakeen, a project development company in Mid East during a press conference held at the Burj Al Arab in…

The launch of the AED 1.2 billion Bab Al Bahr resort in Ras Al Khaimah has been unveiled by Rakeen, a project development company in Mid East during a press conference held at the Burj Al Arab in Dubai.



Bab Al Bahr will be the first project to be developed by Rakeen on Al Marjan Island, the master developer’s man-made coral-shaped atoll being built to extend four kilometres into the Gulf. On completion in 2009, the Bab Al Bahr resort will encompass a four-star deluxe hotel, time-share apartments, freehold residential apartments, a shopping centre and an office tower.



Commenting on the launch, Dr. Khater Massaad, Chairman and Member of the Board, Rakeen said, “Rakeen’s fresh approach to development will act as a catalyst for growth and transform Ras Al Khaimah into a modern and flourishing destination that can capitalise on its huge tourism and commercial potential. Meticulous planning will ensure that Bab Al Bahr will develop into the ultimate resort destination, offering the most selective investor a gateway to island living.”



“We will work closely with Rakeen to create a modern day haven, combining top of the line luxuries with the grace of nature to generate the ideal home in an idyllic island lifestyle. We are also committed to upholding Rakeen’s responsible development methods, as Bab Al Bahr is the ultimate eco-friendly development and promotes clean, energy-efficient and pollution-free living,” said Wahid Atalla, CEO, Spectrum Consultants, Bab Al Bahr owners’ consultants and representatives.



A selection of experts in their field are involved in the development and operations of Bab Al Bahr, including B&G Hotels & Resorts – the hotel management company; ASTECO – the real estate agent for the freehold apartments, freehold offices and rental retail centre; Union National Bank – mortgage facilitator for home owners; and Spectrum Consultants. During the Press Conference, Dr Massaad signed contracts with the associates involved with Bab Al Bahr and thanked the companies for their support.



In addition to Dr Massaad, five representatives from associate companies also addressed the press conference, including Dr Imad Haffar, Chief Operating Officer, Rakeen; Aladdin El Khudary, Senior Vice President and Head of Real Estate and Commercial Finance Division, Union National Bank; Andrew Chambers, Managing Director, Asteco Property Management; Ahmed Balbaa, President, B&G Hotels and Resorts; and Wahid Attalla.



“I am delighted to work with this team of highly talented associates, whose support and expertise is central to the success of this project. Under the experienced management of Spectrum Consultants, as one of the region’s leading consultancy houses and experts in property development and hospitality, I am assured that Bab Al Bahr will become a distinguished destination and will enable Rakeen to achieve its strategic objectives within a short period of time,” Dr. Massaad added.

12/07/2024
11/07/2024
10/07/2024
09/07/2024
08/07/2024