First Al Marjan towers due for 2010 delivery

Construction on site is at an advanced stage, according to Rakeen

Ras Al Khaimah-based developer Rakeen has said that the first project on its Al Marjan Island development will be delivered next year.

“The six residential towers that make up the Bab Al Bahr development are in an advanced stage of construction and will be delivered in Q3 2010,” said Rakeen managing director Ghassan T Youssef.

“We’re all so excited to see them delivered as they’re the first to be completed on what is our flagship project,” he added.

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According to Youssef, delivering the project on schedule had not presented any problem for the developer due to a slowdown in the number of new projects being launched, resulting in an increased concentration on the construction section of the development chain.

“It shows how committed we are as a developer,” continued Youssef.

“We honour our obligations to stakeholders at Rakeen. Our chairman’s philosophy is that our human equity is just as important as our financial capital. That human equity is our investors, just as much as our talent and experts.”