The Dhs300m project, which offer residential and commercial space, was unveiled at Cityscape, the region's largest property exhibition held at Dubai International Exhibition Centre from October 16 to 18.
Located within the prestigious Marina Square development, the 43-storey tower offers one, two, three and five bedroom apartments as well as penthouses, with smart home technology in all units and common amenities like swimming pool, gymnasium, 24-hour security services, and covered parking area.
Commenting on the project, Mohamed Sultan Al Qadi, Managing Director of RAK Properties said: "Abu Dhabi has emerged as a lucrative investment market. We are delighted to unveil our first project in the emirate and look forward to initiating other such projects in the near future. With a strong expansion plan in place, RAK Properties will also be establishing a presence in overseas markets and especially the emerging and promising markets like India, Sudan, Egypt, Tanzania and Georgia."
In February 2006, the company launched its first project, Julfar Towers, a 43-storey twin office and residential project estimated to cost Dhs500 m and set for completion in mid 2008. This was followed by the launch of the Dhs10bn Mina Al Arab, spread over 30 million sq. feet, in May 2006.
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RAK Properties unveils RAK Towers at Cityscape
- United Arab Emirates: Tuesday, October 16 - 2007 at 11:43
- PRESS RELEASE
RAK Properties PJSC, Ras Al Khaimah's largest property developer, has announced the launch of RAK Towers in Al Reem Island.
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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:
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 EditorTuesday, October 16 - 2007 at 11:43 UAE local time (GMT+4)
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