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Tuesday, November 10 - 2009

RAK Properties promotes Mina Al Arab as a destination at International Berlin Bourse

  • United Arab Emirates: Sunday, March 02 - 2008 at 10:39
  • PRESS RELEASE

RAK Properties PJSC, the most prominent property developer in Ras Al Khaimah, will be participating for the third consecutive year in the 42nd International Tourism Bourse (ITB) at Berlin, showcasing Mina Al Arab, the Dhs10bn mixed use development on Ras Al Khaimah's beachfront.

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  • Mohammed Sultan Al Qadi, Managing Director & CEO of RAK Properties.
    Mohammed Sultan Al Qadi, Managing Director & CEO of RAK Properties.
Complete with waterways, wetlands, resort hotels and residences spread over an area of 30 million square feet, Mina Al Arab is set to become a major attraction in the region's expanding tourism portfolio.

ITB Berlin, which will be held in Berlin from March 5 to 9, is one of the largest and most prestigious tourism exhibitions in Europe. The fair brings together thousands of global real estate and tourism professionals. Last year's event attracted over 10,850 exhibitors from 180 countries, along with more than 162,000 visitors from all over the world.

"The development initiatives and investments of RAK Properties have contributed significantly towards the ongoing efforts of the Government of Ras Al Khaimah to transform the emirate into a leading tourist destination. Now RAK Properties is all set to tap the international market for further growth opportunities and ITB Berlin presents a tremendous opportunity,"


said Mohammed Sultan Al Qadi, Managing Director & CEO of RAK Properties.

"ITB provides an effective platform to attract leading hotel brands to Mina Al Arab, further cementing our position as a leading tourist and real estate destination," he added

Created with the environment in mind, Mina Al Arab is set to offer visitors and residents a life closer to nature. The waterfront project brings together nine themed hotels and two eco-hotels, that will provide an estimated 3,500 sumptuous rooms for tourists and visitors of the emirate, in addition to a cluster of 3,500 residential units, mainly bora bora hotel units and standard apartments to cater for the regional & international visitors. Already the project has attracted major international hotel chains with Hilton Hotels Corporation and Millennium Hotels & Resorts signing up to manage two resort properties in the project.

The project will also offer a range of 388 residential villas, shopping district, spacious green oasis walk as well as all related amenities that create a refined vacation experience. The amenities include 310 hectares of open spaces, ecological preserves & landscaping, parks, medical facilities, mosque, cafes & restaurants, and recreational facilities such as gym, tennis courts, spas and sporting activities.
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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 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 Dhs550m - 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
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

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