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Al Maabar's Project in Morocco Sees Brisk Sales

ABU DHABI — Abu Dhabi’s international real estate investment company Al Maabar has sold 40 per cent of the first phase of the mixed-use Bab Al Bahr development in Morocco opened for sales last week.

The project being developed by Al Maabar and its Moroccan partner, Bouregreg Valley Development Agency through their joint venture, Bab Al Bahr Development Company, is located between Rabat and Sale city where the Bouregreg River meets the Atlantic Ocean.

The innovative master plan of the project predisposes it to set new standards in mixed use developments and create a destination for recreation, living and work.

The development encompasses retail, hospitality, and high-end residential, entertainment and commercial components.

Phase one of Bab Al Bahr consists of Marina front, the Riverfront and the Art and Craft District. Each district will feature premium apartments with stunning views and tranquil and safe atmosphere within surroundings that blend history and culture with a modern lifestyle.

“The outstanding sales results are a clear endorsement of our business model, which targets economically attractive and sustainable opportunities that deliver maximum growth potential for all partners and stakeholders,” said Yousef Al Nowais, Managing Director of Al Maabar.

Al Maabar, which is a partnership between Abu Dhabi’s six leading real estate and investment powerhouses is developing some of the region’s largest and most dynamic real estate projects, with portfolio of projects values over Dh40 billion including; Marsa Zayed in Jordan, Al Waha in Tripoli and Bab Al Bahr in Morocco.