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Thursday, November 12 - 2009

RAK Properties completes marine works and land filling at Mina Al Arab

  • United Arab Emirates: Tuesday, February 19 - 2008 at 10:25
  • PRESS RELEASE

RAK Properties (PJSC), the most prominent property developer in Ras Al Khaimah today announced the completion of land filling and marine work at the Mina Al Arab development.

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  • Mina Al Arab marine works completion.
    Mina Al Arab marine works completion.
The Dhs10bn Mina Al Arab is a mixed use development complete with waterways, wetlands, resort hotels and residences spread over an area of 30 million square feet on Ras Al Khaimah's beachfront.

Mohamed Sultan Al Qadi, Managing Director & CEO of RAK Properties said that the completion of marine works marks a milestone for Mina Al Arab. "We are happy that the development works at Mina Al Arab are proceeding to plan. With works currently going on in full swing, we will be able to complete the various phases of the project as per schedule and meet the time lines set for hand over."

"Mina Al Arab underlines RAK Properties theme of "living closer to nature" as the project envisages the creation of integrated and diverse communities built around a natural habitat. At the same time, Mina Al Arab also offers a complete experience with its luxury residential and world class tourism developments, retail components and waterside dining facilities. It's a lifestyle that the region has not yet seen,"


added Al Qadi.

Composed of a beachfront strip and a group of islands, Mina Al Arab will have themed resort hotels and two eco-hotels that will add an estimated 3,500 sumptuous rooms for tourists and visitors. In addition, there will be a cluster of 3,500 residential units, mainly bora bora hotel units, and standard apartments.

RAK Properties is also developing two other projects - the Dhs500m Julfar Towers in Ras Al Khaimah and the Dhs300m RAK towers in Abu Dhabi - along with Mina Al Arab.

RAK Properties participated at the International Property Show, the biggest transactional property exhibition in the region, held at the Dubai International Exhibition Centre (DIEC) from February 17 to 19.
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Notes and media contacts

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 emirates 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 Dhs500m - in February 2006 followed by Mina Al Arab - spread over 30 million sq. feet at a cost of Dhs10bn - in May 2006.

For further information, please contact:
Nizar Saab/Sara Hamam
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in
Middle East and North Africa
Dubai, UAE
Tel: +971-4-3344550, Fax: +971-4-3356080

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