UAE-based RAK Properties has signed up Gulf Asia as the main contractor for the development of the Phase Two of its flagship community Bay Residences in Ras Al Khaimah. The announcement comes following the completion of piling works.

 

Located on the Hayat Island, the beachfront development will include 324 apartments, ranging from studios to three-bedroom units, across two towers. 

 

The second phase of the community has already been sold out, said RAK Properties, highlighting a surge in demand for beachfront properties in the emirate.

 

Gulf Asia Contracting Company operates across the GCC with active projects in the region. The firm has previously been appointed as the main contractor for several large-scale projects including hotels, residential communities, petrochemical plants, oil refineries and infrastructure-related projects, it stated.

 

On the contract award, Chief Development Officer James Marsh said: "At RAK properties we are dedicated to working with best-in-class partners to realise our vision to deliver exceptional residential communities to the people of Ras Al Khaimah and those wanting to invest in this fast-growing tourism hub."

 

"Gulf Asia is a natural partner as it shares our commitment to developing the highest quality communities. We look forward to the delivery of this exciting project which will add a new dimension to RAK Properties’ rich portfolio," he added.

 

Situated within proximity to InterContinental Mina Al Arab Resort & Spa and Anantara Mina Al Arab Resort, Bay Residences will also provide access to several key amenities including swimming pools, playgrounds, retail stores, food and beverage outlets, and gyms, in addition to scenic pedestrian paths, parks and beautifully landscaped open green spaces.

 

The community is also close to Hayat Island’s waterfront promenade, featuring seafront dining, retail outlets and cycling paths.-TradeArabia News Service