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Dr. Abdul Rahman Al Tasan, Rakaa Properties' CEO, said:
"We were not surprised to see an audience of this size attend Rakaa Properties' projects. Numerous developers and experts in the UAE property market confirmed that the mark left by Rakaa Properties in the real estate market is a distinguished one, a mark that will popularize smart building technology in all upcoming architectural projects in the region, especially with the call for environment-preserving and power-saving procedures. Due to its wise and insightful vision, UAE was able to avoid the financial crisis, even before it surfaced. UAE's economy is built upon a solid basis, active banks in the country rely on local assets that form 77.4% of secure financing resources, and these banks still attract developers and investors as a safe haven for long-term investments."
High profile governmental financial reports state that foreign stock purchases in the financial market has amounted to Dhs2.215bn during the last week alone, this equates to 41.2% of total purchases, with stock sales amounting to Dhs2.786bn during the same period, forming 51.8% of total sales; while foreign net investments amounted to Dhs571.6m, which is a strong indicator that the financial market is striding steadily, unaffected by the recent financial dilemma that shook many parts of the world.
Dynasty Tower is specified for residential purposes only, reaching a height of 29 storeys, and housing 136 units with 1 to 4 bedrooms each. Falcon Crest Tower is also specified for residential purposes and consists of 24 floors. Ground spaces will be utilized for retail.
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Posted by Rana Mesbah
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