Al Nasria Construction has completed piling works and foundations at Marbella Bay.
Manazil Real Estate has announced that it has completed piling works, load tests and foundations at one of its developments on the massive Al Marjan Island project in Ras Al Khaimah.
The construction contract at luxury resort Marbella Bay was awarded to Nasria Construction Company, which is now working on the project’s second parking floor.
Manazil says that of a total of US $109 million (AED400 million) worth of property, $68 million has already been sold.
“We have achieved great progress in the construction work of Marbella Bay as RAKIA has provided critical strategic support that has contributed significantly to the healthy pace of development,” said Eng Abdul Mohsen Al Hammadi, CEO of Manazil Real Estate.
“We are very optimistic of the excellent prospects of this project as Marbella Bay is poised to emerge as one of the most exciting island-inspired residential destinations in the region."
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