(MENAFN - Khaleej Times) 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 on wednesday from al maabar’s exhibition space at 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.”
strong sales in jordan
the developer said that 50 per cent of the residential units available for purchase at al raha village in aqaba’s marsa zayed have been sold demonstrating customer confidence in the jordanian real estate market. al raha village is the project’s first residential neighborhood located on the southern edge of the development and is slated for completion by the end of 2015.
al nowais said: “our reports show that jordan and the uae are highly represented in the buyer nationality mix; the progress shown on the developments and the sales figures recorded indicate tangible confidence in what we are offering investors and homeowners —both here and abroad.”
meanwhile in the heart of jordan’s capital the 126500 square-meter development of the st. regis amman and the residences at the st. regis amman will be completed by q2 of 2016 and confidence in the project has been solidified with the visible progress shown on the development.