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Construction works of the twin tower project is on course with the residential tower now standing at 30 floors and the office tower at 28 floors.
The Dhs500m Julfar Towers comprises two 43-storey towers - the residential tower having 349 apartments and the office tower consisting 468 units - built over a three-level podium.
The podium will house an advanced business centre, retail and food outlets. It will also be the nerve centre for the common facilities and utilities
'The completion of the podium and utility networks is a milestone in the construction of Julfar Towers. We are pleased with the way work is progressing and in this pace we will be able to complete the project by next year, which eventually will help us hand over of the units in time,' said Mohamed Sultan Al Qadi, Managing Director & CEO of RAK Properties.
Julfar Towers is centrally located in Ras Al Khaimah with the adjacent creek, mangroves, and a mountainous backdrop offering a stunning view from both the towers.
The development is also a few minutes away from the Manar Mall, Hilton Hotel, beaches and the golf club. In addition, Investors in the Julfar Business Tower stand to enjoy the benefits of 100% foreign ownership.
RAK Properties is also developing two other projects - the Dhs10bn Mina Al Arab in Ras Al Khaimah and the Dhs300m RAK Tower in Abu Dhabi.
Mina Al Arab is a mixed-use development spread over 30 million square feet on Ras Al Khaimah's beachfront, with its wetlands, waterways, resort hotels and residences epitomising the RAK Properties motto of 'Living closer to nature'.
The 43-storey RAK Tower is a residential project located within the prestigious Marina Square development in Al Reem Island, Abu Dhabi.
RAK Properties is sponsoring the 2nd Ras Al Khaimah Real Estate and Investment Show (RAK REIS) that brings together the region's leading developers, contractors and real estate companies. The show is being held at the Ras Al Khaimah Exhibition Centre from May 22 to 24, 2008.
RAK Properties completes three-level podium and utility networks at Julfar Towers
RAK Properties (PJSC), the most prominent property developer in Ras Al Khaimah today announced at the 2nd Ras Al Khaimah Real Estate and Investment Show, the completion of all construction works of the three-level podium and utility networks of its Julfar Towers.
- United Arab Emirates: Thursday, May 22 - 2008 at 14:37
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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.
In February 2006, the company launched its first project, Julfar Towers, a 43-storey twin office and residential project at a cost of Dhss500m.
This was followed by the launch of the Dhs10bn Mina Al Arab, spread over 30 million sq. feet, in May 2006.
RAK Properties launched its Dhs300m RAK Towers in Abu Dhabi, in October 2007.
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
Posted by Lara Lynn Golden, News EditorThursday, May 22 - 2008 at 14:37 UAE local time (GMT+4)
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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