Dubai PR Network, Online Press Release from Dubai and Middle East
 
Property & Real Estate(Real Estate & Retail)
Filter PR by
  
Al Maabar's Bab Al Bahr in Morocco – the New International Community Hotspot of Rabat-Salé
 

The World Calls ‘Home'

Bab Al Bahr residential sales surpass 80% in the Marina and River Front Districts with new intercontinental home ownership representative of Europe, North America, Africa, Asia

Abu Dhabi, UAE, 16 April 2013: Global demand for residential properties in Rabat's Bab Al Bahr, the largest mixed-use development in Morocco's history, is reshaping Rabat into an international meeting ground, announces property developer Bab Al Bahr Development Company (BBDC) at CityScape Abu Dhabi 2013. BBDC is a joint venture between the UAE's Al Maabar International Investment and Morocco's Bouregreg Agency.

Rabat, designated a 2012 UNSECO heritage site and also a top 10 tourism destination for 2013, only adds to Bab Al Bahr's appeal. Bab Al Bahr residential ownership is representative of four continents – Africa, Europe, Asia and North America– with new home owners from Germany, Holland and Belgium to the Congo, UAE, Morocco and Canada. Three out of every four owners are Moroccan, while Emiratis account for 10 percent of total home owners. 

Mr. Yousef Al Nowais, Managing Director of Al Maabar said:

“It gives us a great sense of pride that those from around the world, including the UAE, are making Bab Al Bahr their new home. This not only symbolizes the success of our JV with the Bouregreg Agency, but something much greater – the creation of a new gateway that enhances the MENA region's crossings with the world. Through our Bab Al Bahr development, we are driving economic growth to our partner country and community, whilst meeting real market needs, which are key strategic objectives that lie at the heart of Al Maabar's business model.”

Total sales of the Marina and River Front District residences, which were delivered to owners in 2012 has now surpassed the 80% mark. Phase two of the Bab Al Bahr development has been initiated, marked by the launch of the Arts District, which showcases a variety of luxury residential buildings, a five-star hotel, boutiques, an array of art galleries and museums and dining establishments. Once completed, the Arts District will have 491 units, whilst the entire Bab Al Bahr property will house a total of 1,456 residential units.

Al Nowais continued:“We are delighted to see Bab Al Bahr flourishing into the ‘new and trendy' downtown, not just of Morocco, but of the world, as evidenced by new home owners from around the world flocking to Bab Al Bahr and Rabat to make it their new home. In collaboration with Morocco's Bouregreg Agency, we are creating an internationally integrated city with contemporary luxury living that embraces local art forms, culture and history that is driving the socio-cultural and economic revival of Rabat. This is only the beginning of Rabat's Renaissance as new benchmarks for Morocco's mixed-use development are being set that support the country's drive to become a world-class tourism destination.”

Across 485,000 sqm of built-up area, where the Bouregreg River and Atlantic Ocean meet, lies the world's new trendiest downtown, the landmark Bab Al Bahr mixed-use development that reflects Arabian-Andalusian architecture and overlooks views of the 12th century Tower Hassan, the Oudayas from the ancient city of Rabat, and the ancient city of Salé.

The premier next-generation luxury residential, commercial, retail and hospitality mixed-use development will be home to the future Rabat Grand Theatre, designed by Zaha Hadid, the internationally acclaimed London-based Iraqi architect, and Morocco's first tramway.

Bab Al Bahr will house a host of residential communities, complemented by a main square, two hotels and a guesthouse, fine dining establishments, residential buildings, office and retail space, public recreational facilities, schools and a library, representing the next generation of real estate developments around the world.

For further information on Bab Al Bahr, please visit Al Maabar at stand No. 4E10 between April 16-18 at CityScape at the Abu Dhabi National Exhibition Centre or http://www.babalbahr.ma/


Posted by : Dubai PR Network Editorial Team
Viewed 11309 times
PR Category : Real Estate & Retail
Posted on : Tuesday, April 16, 2013  3:01:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : "4 Qatari Real Estate Projects Makes Its Day View in A'...
Next Story : Bloom Properties Participates at Cityscape Abu Dhabi 2013
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Lamborghini SCV12: Squadra Corse Hypercar Ready to Hit the Track [4736-Views]
Let's Brigthen Up! The Face Shop's Ultimate Summer Skincare Range From Belif is Here! [3813-Views]
NUDESTIX Launches - Nudies Blush, Bronze, and Glow Shade Extension [3624-Views]
Saxo Bank Launches Loyalty Program for MENA Region Clients [3620-Views]
WTTC Launches Safe Travels Protocols for Attractions, Car Hire and Short-Term Rental [3423-Views]
Dabur Launches Pure Organic Coconut Oil: Natural Protection for Hair, Skin, and Overall He... [3259-Views]
Crude Oil Headwinds on Virus and Technicals [2940-Views]
Registration Opens for Training On the Camel Trek and Camel Marathon for Expats [2841-Views]
Essence Spring/Summer 2020 Collection [2562-Views]
Pan Emirates Unveils Exclusive New Collection [2435-Views]
Dubai Sports Council Discuss Upcoming Sports Events With Federations and Organisers [2411-Views]
Big Bang Integral King Gold [2386-Views]
Customers can Benefit from Increasing Gold Rate by just Paying 10% Advance at Malabar Gold... [2325-Views]
IATA Proposes Alternatives to Quarantine' [2218-Views]
IATA Proposes Alternatives to Quarantine [2206-Views]
Preparing for a New Post-pandemic Economic Era in Mena [2161-Views]
Siemens Energy signs Al Hamudhia 400kV Substation contract with Iraqi Ministry of Electric... [2157-Views]
The 11th Edition of the Arab Fashion Week to Launch Virtually Today, from June 24th to 26t... [2140-Views]
New Bentayga to Launch Beyond100 [2050-Views]
Transfast Partners with Habib Bank Limited (HBL) for Global Remittances [2021-Views]
Frontline Warriors and Volunteers from two Al Warsan isolation facilities honoured for hel... [1976-Views]
Cairo Amman Bank Adopts the Latest Technology to Enhance Performance and Security for its ... [1939-Views]
Panasonic Jaguar Racing Management Team Discuss Formula E's Return to Racing in Berlin [1931-Views]
Formula 1 Launches #WeRaceAsOne [1915-Views]
Media Rotana Hotel Reopens Its Doors With Attractive Offers in a Safe Environment [1898-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories