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Select Group and Select Property have announced that the final piling and layout are underway for the foundations of the Pacific, a prime residential development on Al Marjan Island, the first-of-its-kind man-made island in Ras Al Khaimah, as the Pacific remains on schedule for its June 2011 completion.
The joint developers have likewise fully completed all construction requirements and complied with the escrow account regulations of Ras Al Khaimah Investment Authority (RAKIA), the government body responsible for the socio-economic growth of the Emirate, as properties within the residential development are now being offered in various lengthy and attractive payment plans.
Pacific is located in a prime location at the top isle of Al Marjan Island, offering exclusive private beaches. The residential complex also features 24-hour security, rooftop infinity pools, health clubs, saunas, steam rooms and Jacuzzis. The development is equipped with a full range of complementary facilities and amenities, including several dining and shopping outlets.
Eng. Yehia Kambris - general manager, RAKIA RERA said: "Maintaining a healthy pace of development is one of our key priorities, which is why we are closely and constantly monitoring the progress of all the property developments on Al Marjan Island. RAKIA has also been coordinating with all developers to ensure all properties are built according to the highest standards and specifications. At the same time, we are making sure to protect the interest of investors by strictly enforcing the escrow account regulations."
Rahail Aslam, CEO of Select Group said: "Pacific will be one of the most exciting and relaxing residential destinations in the region, featuring a wide variety of contemporary residences within a delightfully landscaped beachfront community.
"It has been a great advantage for us that RAKIA has been providing invaluable strategic support, which has contributed in the smooth transition of the various phases of development and has helped us stay well within the construction schedule."
Pacific consists of six contemporary designed residences: Samoa, Bora Bora, Tonga, Polynesia, Fiji and Tahiti, each offering panoramic views of the Arabian Gulf and the natural surroundings of Ras Al Khaimah.
