Transactions of multi billion dollars take place at Cityscape Abu Dhabi 2008

The company's stand attracted the massive crowds on the days of the premier property event, where the two groundbreaking tower projects, under development on Al Reem Island, Abu Dhabi, piqued the interest of investors, buyers and visitors alike. RAKAA has already announced having sold out 70% and 55% of the Dynasty Tower and the Falcon Crest Towers respectively.

RAKAA Properties one of 300 participants representing 100 countries taking part in the region's leading real estate exhibition. Cityscape Abu Dhabi 2008 attracted 50,000 visitors - between 50% and 60% more than the number of visitors at last year's edition. On the first day of the exhibition, a 120% increase in the number of visitors was recorded, while transactions worth billions of dollars were conducted throughout the three day exhibition.

Commenting on the company's participation, Dr. Abdulraman Al-Tassan, CEO of RAKAA Properties Co, said,

"RAKAA was keen on making a strong debut in the UAE's booming real estate market, and thus to duplicate the tremendous success the company has achieved in the KSA market, where the company has a great reputation, credibility and experience due to the quality projects it has launched and executed. We see this participation as a new step towards achieving our strategies in the medium and long terms."

"We aim to boost our presence in the Abu Dhabi real estate market as we reflect the essence of our experience in these two state of the art towers. We are committed to further expansion and progress, and to contributing significantly to the success of this vibrant market," Al-Tassan added.

Cityscape is considered the largest international platform for real estate development and exchange, with Dubai's 2007 edition alone attracting 800 exhibitors from 120 countries, who showcased their products in an exhibition space of 70,000m² and concluded transactions to the value of approximately $2 trillion.