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Al Maabar delivers 60pc of Morocco homes project

Abu Dhabi, April 23, 2014

Abu Dhabi-based real estate developer Al Maabar said that 60 per cent of the residential units of phase one at its Moroccan Bab Al Bahr project have been delivered to its new owners, with tenants already moving in.

The Bab Al Bahr development, a joint venture with The Bouregreg Agency of Rabat, is strategically situated in western Morocco’s Bouregreg Valley between Rabat and Salé, and blends in to the region’s Arab-Andalusian natural heritage. With a mix of residential, hotels, retail and artistic spaces, Bab Al Bahr is set to benchmark leisure and community living for a healthy lifestyle in Morocco.

Speaking from Al Maabar’s exhibition space at the ongoing Cityscape Abu Dhabi, Yousef Al Nowais, managing director of Al Maabar said: “We couldn’t be happier to confirm that we’ve started to hand the keys over to Bab Al Bahr’s first residents. Bab Al Bahr has truly come to life now and its new residents can begin their journey. This news is promising for potential investors and buyers here at Cityscape Abu Dhabi as we continue to demonstrate a commitment to innovation, action and delivery.”

Residents and visitors to the Bab Al Bahr destination will have a prime view of key historical sites including Rabat’s Tour Hassan, the Kasbah of the Udayas at the mouth of the Bouregreg River and the ancient cities of Rabat and Salé.

The residential component of Bab Al Bahr is the largest aspect of the destination and comprises of close to 1,500 units spread across 260,000 sq m.

Upon completion in 2019, Bab Al Bahr’s 485,000 sq m of total built-up area will be made up of a wide range of units including two 5-star hotels, a luxury Ryad, leisure space, offices, boutiques, cafes and restaurants, museums and art galleries. In response to local demand and a variety of target segments, the residential units have been designed to vary between studios, to one-, two-, three- and four-bedroom apartments, townhouses and penthouses.

Al Nowais added: “We are proud of our progress with Bab Al Bahr; it is rewarding to be able to work with a host country to develop a project that fits into the local landscape and helps to complement and evolve the socio- economic and cultural conditions in a country like Morocco. This is a true testament to our vision and a reflection of our commitment to creating partnerships that open doors of opportunities to all stakeholders.” – TradeArabia News Service




Tags: Morocco | Al Maabar |

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