Dubai - emyproperty launches AED1.1bn Bab Al Badr

e-myproperty took the centre stage yesterday as it launched its first project - an iconic AED1.1 billion island property, Bab Al Badr. The launching ceremony was held under the patronage of HH Sheikh Saud Bin Saqer Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah and key officials of the innovative Dubai-based developer and multi-services real estate company. The launch was held at the Mena Al Salam Hotel in Madinat Jumeirah in Dubai, in a fitting and well-attended ceremony replete with colours, music and dances preceding a sumptuous dinner. In his welcome speech, Yousuf Maqbul Hussain, founder and chairman of e-myproperty Development, expressed his thanks and gratitude to those who graced the occasion thus capping it into an inspiring and successful event. e-myproperty, a leading & visionary property management and consultancy company has also announced foraying into property development by launching the island property Bab Al Badr, on the offshore man-made development, Al Marjan Islands in Ras Al Khaimah. Senior officials of e-myproperty said the development will add significant value of AED 6.6-billion Al Marjan Islands which is spread over 29 million square feet on the southwest of the emirate. Also called "gateway to the moon", the Bab Al Badr will comprise a mix of high-end luxury residential units, serviced apartments and a vibrant retail zone. It will highlight six towers as entering into the Al Marjan Island 4, incorporating a total of 916 residential freehold apartments, 18 townhouses and 260 total service apartments. The towers will rise 13 and 14-storey high and linked by a Sky Bridge. Construction of the project will start in August 2008, and is targeted to be completed by 2011. Meanwhile, the world-class city of Dubai and Abu Dhabi, the capital emirate will likewise adopt Bab Al Badr, making itself yet another popularly-built architectural opus in the region. Through the launch of its new projects, emyproperty is aiming to attract greater investment into Ras Al Khaimah, which will further boost the real estate sector within the emirate. Ras Al Khaimah is a modern and flourishing destination that can capitalize on its huge tourism and commercial potential. Meticulous planning will ensure that Bab Al Badr offering the most selective 123 1321 3213213 Ras Al Khaimah is a modern and flourishing destination that can capitalise on its huge tourism and commercial potentials. Meticulous planning will ensure that Bab Al Badr offers the most selective investor a gateway to island living. RAK is a growing tourist destination as well as a free zone business hub and the property sector is gathering pace. Developments in the area have already seen their prices increasing by 20% annually for the past two years. The Al Marjan Island is designed to become a haven of luxurious living and an unparalleled leisure destination. This incredible development will comprise of waterfront homes, floating villas, hotels, resorts, sporting facilities and commercial areas. A selection of experts in their field is involved in the development and operations of Bab Al Badr. Offering one of UAE's greatest investment avenues, the Bab Al Badr is set to be the ultimate in luxury investment. Residents can enjoy freehold ownership in addition to a myriad of facilities, gym, swimming pools separate for children with changing rooms, 3-level basements for parking 1,660 cars and 48 for the disabled, 24-hour internal and external security, 24-hour coffee, boutique and retail shops available, supermarket on walking distance, and hotel fitness and health club privilege access. The residents will also enjoy the high-speed elevators, podium garden, podium parking and private gardens, landscaping and professional property management services -- maintenance & cleaning. Bab Al Badr is located only twenty minutes from Ras Al Khaimah International Airport and 45 minutes from Dubai. The resort will be landscaped to have a tropical look, with coconut trees, flowers, shrubs, stones and waterfalls designed to allow easy internal and external accessibility flow of residential and visitor traffic. Rakeen, one of the region's most dynamic property developers and master planners, launched the Al Marjan Island during Cityscape Dubai 2007 at the Dubai International Exhibition Centre on October 16-18.