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Rakaa Property signs Cornerstone Real Estate as exclusive sales and marketing agent
- United Arab Emirates: Saturday, January 26 - 2008 at 08:15
- PRESS RELEASE
Rakaa Property Development, the real estate subsidiary of reputable Saudi company, Rakaa Holding, announced that Cornerstone, one of the UAE's leading property management company, is to be the exclusive sales agent for Rakaa's latest Reem Island projects; Dynasty Tower and Falcon Crest.
Envisaged to be two of the most luxurious, premier addresses in the heart of Al Reem Island, Dynasty Tower's unique design boasts a philosophy derived from the ancient Chinese Yin and Yang wherein all forces in nature have an equal opposite, while Falcon Crest's derives it's powerful name and stature from the symbolization of the Arab nation. The design of both towers is a complementary of opposites reflecting the vibrant, modern urban scene of Abu Dhabi.
"We at Rakaa ensure that we deliver the highest standard of quality with regards to our projects and developments," commented Rakaa Property CEO Dr. Abdulraman Al-Tassan. "Naturally we would look to maintain this level of quality in the sales and marketing of our projects. This natural progression has led to the signing of Cornerstone Real Estate who we feel have a very strong regional presence, a very high level of quality assurance, and will aid our debut into the region perfectly," Al-Tassan further added.
The two Dhs750m, 27 and 22-storey tower projects will house a multiple mix of studio apartments and 1, 2, 3 and 4 bedroom luxury apartments and retail outlets, and will be on sale to prospective expatriate and UAE national homeowners. Both towers comprise of 3 basement parking levels, 2 and 3 podium levels and 25 and 19 residential floors in Dynasty Tower and Falcon Crest respectively, and include an array of modern amenities including the 'Smart Home' system, health club, outdoor swimming pool and a designated children's area. The projects are scheduled to be ready for occupancy in 2010 and will offer an unparalleled view of the Island, Marina, Sea, and Abu Dhabi skyline.
"Rakaa Property has continually developed the highest quality properties and we were extremely impressed with their plans for Abu Dhabi," commented Ziad Bushnaq, CEO of Cornerstone. "Dynasty Tower and Falcon Crest are fantastic investment opportunities due to their unique design concepts, spectacular full sea views, and prestigious locations. With Cornerstone's local property success and industry knowledge, and Rakaa's impeccable reputation for offering luxury and high quality to their clients, we foresee a mutually beneficial partnership that cannot be beaten," concluded Bushnaq.
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Notes and media contacts
For further information, please contact Cornerstone at +971 2 665 70 55.About Rakaa Property
Rakaa property was founded in 1990 as a subsidiary of Rakaa Holding. Since its inception, Rakaa Development has developed over 1.3 million sq m of diversified projects as well as additional 1 million sq m in developmental stage.
Over the past 17 years, Rakaa Development projects have included a diverse range of property types ranging from office buildings, malls and residential apartments to luxury villas, farms and ranches spread all over the Kingdom of Saudi Arabia.
Our performance across a broad spectrum of diverse real estate products and development services has fuelled our success and growth through all types of market conditions.
Rakaa properties' inaugural projects in the UAE include the Tulip ,Falcon Crest and Dynasty Towers, which are located on Reem Island. The properties feature elegant design and the highest standards of construction, and are exclusively available through Cornerstone Real Estate, one of the leading property management companies in UAE.
About Cornerstone Real Estate
Cornerstone Real Estate was established in 2004 by a team of property and marketing experts to fulfill a need for a complete integrated real estate solution in a rapidly expanding market. Based in Abu Dhabi and with offices in Dubai, Amman and Damascus plus many international affiliates, Cornerstone allows the widest geographical reach for clients and the convenience of having a Cornerstone office nearby, no matter where you are.
Over the past 4 years, Cornerstone has successfully built a reputation for being a quality-oriented trustworthy company with an exponential turnaround rate that is unrivalled in the region. By providing developers with a complete integrated A to Z management solution, and offering investors complete portfolio management by experts that has a thorough understanding of the dynamics of the UAE property market and continually provides clients with the latest information, trends and insights, Cornerstone provides both their customers and their development partners with the stamp of quality to help achieve their business objectives.
Cornerstone specializes in:
•Sales
•Leasing
Property Management & Facility Management
•Investments
•Property Sales Management
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