Press Release
RAK Properties with its projects updates at Dubai
Cityscape 2010
Ras Al Khaimah, 30 September 2010: RAK Properties, the largest property
developer in Ras Al Khaimah, will underscore its projects and the growth
potential offered by the property sector of the emirate at Dubai Cityscape 2010,
the premier property investment and development event to be held at Dubai
International Exhibition Centre from October 4 to 7.
The distinctively designed RAK Properties stand (5B10) located commonly with
RAKIA, RAKEEN and Al Hamra Real Estate on Hall-5 will showcase a range of
RAK Properties projects such as Julfar Towers, Mina Al Arab in Ras Al Khaimah
and RAK Tower in Al Reem Island in Abu Dhabi where all cater to diverse
lifestyles offering options of freehold and rental.
Officials from RAK Properties will be available during the event to highlight the
immense progress being carried out on the projects of the company and will also
explain the start of series of deliveries of projects the first of which commenced
on July 2010 when the company started handover of villas of precinct 4 at Mina
Al Arab. Customers will be invited to the stand to see the latest development and
progress made on their projects.
The company intends to handover Julfar Towers in Ras Al Khaimah and RAK
Tower in Abu Dhabi soon, in addition to further handover of precincts 5 and 2 of
Mina Al Arab during the course of next year.
“Cityscape attracts several high net worth local and global investors who seek
attractive investment options. Being at this event is very important to our
company specially that this is the first participation after we started handover of
some of our projects. We consider this as an opportunity to interact with our
customers and seek their feedback on these projects. We also want to show
them the enormous progress we have made so far and which will definitely
enhance the growth of RAK Properties. With the good signs of “back on the
track”, we expect our stand to attract a wide audience of those related to the real
estate sector in general and customers in specific” said Mohammed Sultan Al
Qadi, Managing Director and CEO of RAK Properties.
-ends-
Notes to Editors
RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities
Market, is a real estate development company established to implement the emirate's
plans to promote real estate, tourism and leisure facilities in RAK and invest in
interesting projects. It is intended that its activities will encourage economic growth in the
UAE in general and Ras Al Khaimah in particular. The company launched its first project,
Julfar Towers - a 45-storied twin office and residential project at a cost of AED 500
million - in February 2006 followed by Mina Al Arab - spread over 43 million sq. feet at a
cost of AED 10 Billion - in May 2006. It also launched RAK Tower in Abu Dhabi at
Cityscape Dubai 2007.
For further information, please contact:
Yasser Mohamed Al Dabach
Senior PR Manager / Shares
Tel.: 07 - 2330004
Email: yasser@rakproperties.net
Website: www.rakproperties.net