Page 62 - Magazine December 2022

Construction
Rak Properties
begins construction on Bay Residences
Ras Al Khaimah, UAE: RAK Properties, one of the homes to elevate their sense of living and leisure
UAE’s leading property development and tourism and offer seaside living within the Mina Al Arab
infrastructure companies, held a ground breaking destination.”
ceremony to signify the beginning of construction Bay Residences is situated in the heart of Hayat
work on the latest waterfront addition to Hayat Island, Island within the Mina Al Arab community in the heart
Mina Al Arab, Ras Al Khaimah - Bay Residences. of Ras Al Khaimah. Comprising of 324 modern, one,
The ceremony was attended by Sameh Al Muhtadi, two and three-bedroom apartments boasting direct
RAK Properties’ CEO and Mohammed Al Tair, RAK access to the beach, Bay Residneces is adjacent to
Properties’ COO, alongside several senior staff and the prestigious 5 Stars InterContinental Mina Al Arab
members of Al Oroba Contracting Co. Ras Al Khaimah Resort & Spa. The residential complex
Speaking at the ceremony, Sameh Al Muhtadi includes swimming pools, playgrounds, retail, F&B
commented, “It is my honor to announce the outlets, and a gym enhancing the benefits of seaside
commencement of construction of the first phase living. Surrounded by promenades, walkways,
of Bay Residences. The immense success of our boardwalks, parks and beautifully landscaped open
latest Residential projects paved the path for further spaces, the residential apartments are conveniently
development on this much sought-after location located to benefit from a wide array of dining, retail
of Hayat Island. We look forward to continuing our and entertainment options.
mission to offer families and investors innovative
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Contractors News
Mag of Life launches $1.3b luxury development
MAG of Life, has announced the launch of eight out Dubai Industrial Strategy 2030; the acclaimed French
of total 12 mansions at the Ritz-Carlton Residences, designer, Amar Sabeh; and the leading Istanbul-based
Dubai, Creekside, part of the Keturah Resort, each interior design studio, Autoban.
valued at AED 177 million. The luxury wellness Keturah Resort features 12 mansions, eight of
development, which is valued at USD 1.3 billion, which are currently available for sale. The mixed-
provides residents and visitors with a unique, used development integrates Delos’ world-leading,
healthier environment towards uplifting the notion of evidence-based wellness innovations, pioneering the
inspired living with a 180-degree view of the Dubai concept of Wellness Real Estate™ in collaboration with
skyline and the Ras Al Khor Wildlife Sanctuary. Its world-class scientific and medical experts, including a
construction cost of the built-up area per square foot board of doctors from Columbia University Medical
is AED 2,150. Center, the Wellness Institute at Cleveland Clinic,
The Ritz-Carlton Residences, Dubai, Creekside, part and the Center for Innovation at Mayo Clinic, helping
of the Keturah Resort, is an independent residential provide a healthier environment to homeowners and
development conceived and designed by MAG of cement an immersive wellness-luxury lifestyle in
Life, the first wellness real estate focusing on the Dubai.
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