"RAK Properties, in addition to its ongoing projects, holds a lot of growth potential in the property market of the UAE as well as other markets. We want to reiterate this growth potential by showcasing our up-and-coming projects at Cityscape, including new projects in other emirates, and highlighting our continuous efforts to expand towards other markets," said Mr Mohammed Sultan Al Qadi, Managing Director, RAK Properties.
Mr Al Qadi added: "Cityscape attracts several high net worth local and global investors who seek attractive investment options. The exhibition had yielded strong investor response for RAK Properties last year - the second year of our inception. Our premier projects, Julfar Towers and Mina Al Arab, have gained an overwhelming response from investors worldwide and Cityscape will be the perfect platform to showcase these projects before a wider audience."
RAK Properties launched its first project, Julfar Towers - the 43-storey twin office and residential towers being developed at AED500 million - in February 2006 followed by the AED10 billion Mina Al Arab, spread over 30 million sq. feet, in May 2006.
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RAK Properties showcases growth prospects of real estate industry at Cityscape 2007
- United Arab Emirates: Thursday, October 11 - 2007 at 12:25
- PRESS RELEASE
RAK Properties will underscore the growth potential offered by the property sector of the emirate and the company's efforts to expand to other markets at Cityscape 2007.
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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 AED500 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:
Nizar Saab
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 Lara Lynn Golden, News EditorThursday, October 11 - 2007 at 12:25 UAE local time (GMT+4)
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