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As part of their participation, RAK Properties will showcase its premier waterfront project 'Mina Al Arab' and highlight tremendous growth opportunities in the UAE's real estate sector.
Mohamed Sultan Al Qadi, Managing Director of RAK Properties said,
"Russia is proving to be a lucrative market with tremendous growth opportunities for us. Having received significant success at last year's event, we are delighted to showcase our flagship project Mina Al Arab at this year's event."
In February 2006, the company launched its first project, Julfar Towers, a 43-storey twin office and residential project estimated to cost Dhs500m and set for completion in mid 2008. This was followed by the launch of the Dhs10bn Mina Al Arab, spread over 30m sq. feet, in May 2006. Mina Al Arab will have a variety of amenities ranging from hotels, residential buildings, a theme park, marinas, shopping arcades, restaurants and cafés. RAK Properties announced recently the launch of its Dhs300m RAK Towers in Abu Dhabi, during City Scape held in Dubai from October 16 to 18.
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Posted by Anne-Birte Stensgaard, Senior News Editor
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