RAK Properties appoints main contractor for Bay Residences project
The second phase of the community sold out, highlighting a surge in demand for beachfront properties in the emirate
Gulf Asia Contracting Company, a major civil and industrial contractor in the gulf region, has been awarded as the main contractor in, Ras Al Khaimah’s leading property developer, RAK Properties’ flagship community Bay Residences, now in the second phase of its development following piling works completion.
The project is situated on Hayat Island, and will have 324 apartments in two towers, including studios and three-bedroom units. Moreover, according to the release, the second phase of the residences is sold out, which is indicative of the UAE’s growing demand for beachfront properties.
Set close to the InterContinental Mina Al Arab Resort & Spa and the Anantara Mina Al Arab Resort, Bay Residences will also provide access to several amenities including swimming pools, playgrounds, retail stores, food and beverage outlets, and gyms, in addition to pedestrian paths, parks, and landscaped open green spaces. The community is also close to Hayat Island’s waterfront promenade, featuring seafront dining, retail outlets and cycling paths.