Nov 28 2005 |
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UAE: Emaar unveils Dh4.5 billion Bahia Bay project in Morocco
DUBAI -- Emaar Properties, and ONA Group, the Moroccan industrial and financial group, yesterday unveiled its second international venture in Morocco - Bahia Bay. The Dh 4.5 billion ($1.2 billion) project will see the joint venture develop a large-scale residential golfing community along the picturesque Moroccan coast.In close proximity to Casablanca, the 530-hectare development will combine all the benefits of an Emaar golfing community along with the advantages of a coastal location. This announcement closely follows the venture's first project launch last month in Morocco - Amelkis II, the luxury residential golfing complex in Marrakech which allows individual buyers to purchase plots of land and design and build their ideal home.
Mohamed Ali Alabbar, Chairman Emaar Properties said: "Situated along the breathtaking Moroccan coast, Bahia Bay is a unique development in an idyllic setting. Following the success of our existing golfing communities in Dubai - Arabian Ranches and Emirates Hills - the Bahia Bay community will become a flagship development for Emaar's expansion in the North Africa region." Residential units in the Bahia Bay project will range from luxury villas and spacious semi-detached houses to townhouses and apartments with views overlooking the golf course and spectacular views of the Atlantic Ocean.
The development will also feature a beach hotel, golf hotel, beach clubs, equestrian facilities, retail and entertainment and a community and recreation centre making Bahia Bay an ideal location for residents and visitors alike. The development is expected to be completed in five years.
Morocco is a significant part of Emaar's international expansion plans. Already we have seen the great potential in the Moroccan market with our Amelkis II development. Not only will this project benefit the people of Morocco, but it will also boost tourism within the area. Our mission is to offer our customers world-class communities - constantly integrating parks, landscaped areas and retail centres into master-planned themed lifestyles, added Alabbar.
BY A STAFF REPORTER
© Khaleej Times 2005
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