Cityscape Abu Dhabi 2007, the first of the Cityscape show series to be held in the UAE capital, attracted a large number of local, regional and international visitors. The RAK Properties stand at the exhibition turned out to be a big draw, with the AED10 Billion Mina Al Arab and the AED500 million Julfar Towers selling several units and receiving many inquiries from investors looking to invest in a modern business convention and a vacation haven like Ras Al Khaimah.
"From our past experience in participating in such exhibitions, we can say that the response we got in Cityscape Abu Dhabi has been overwhelming and at the same time encouraging. It inspires us to come up with more property initiatives in Ras Al Khaimah," said Mohammad Sultan Al Qadi, Managing Director of RAK Properties.
"Investors are finding the strategic location and design template of Mina Al Arab and Julfar Towers highly appealing and in line with Ras Al Khaimah's declared objectives of emerging as the business hub of the future and as the preferred tourist destination in the region," Al Qadi added.
Over 200 exhibitors from over 50 countries participated in Cityscape Abu Dhabi, showcasing more than $270 billion worth of development projects.
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Mina Al Arab and Julfar Towers attract investors world over
- United Arab Emirates: Sunday, May 13 - 2007 at 14:59
- PRESS RELEASE
Cityscape AbuDhabi 2007 ended on an upbeat note for RAK Properties, one of the largest property developers in the Northern Emirates, with its Mina Al Arab and Julfar Towers projects attracting local, regional and international investors during the three-day exhibition.
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RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company that operates in a sector that is enjoying an economic boom. It is 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 43-storied twin office and residential project at a cost of AED 500 million - in February 2006 followed by Mina Al Arab - spread over 30 million sq. feet at a cost of AED 10 Billion - in May 2006.For further information, please contact:
Lina Anani / Sami Al Shorafa
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in
Middle East and North Africa
Dubai, UAE
Tel: +971-4-3344550, Fax: +971-4-3344556
Posted by Anne-Birte Stensgaard, Senior News EditorSunday, May 13 - 2007 at 14:59 UAE local time (GMT+4)
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