RAK Properties to show latest progress of its projects at Cityscape Abu Dhabi

The international property investment and development event will be held under the patronage of His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces at the Abu Dhabi Exhibition Centre from May 19 to 22, 2009.

Cityscape Abu Dhabi is an annual networking exhibition focusing on all aspects of the property development. The event attracts regional and international investors, property developers, leading architects and designers to showcase and witness the very best in real estate, architecture, urban planning and design.

"RAK Properties' third in line participation in Cityscape Abu Dhabi this year coincide with the tough times the real estate sector is passing through, nonetheless I am confident that the flexibility of the real estate sector and the strong economy of the UAE will soon reposition this sector in its previous unique position being the best choice for investors both locally and internationally." said Mohamed Sultan Al Qadi, Managing Director and CEO of RAK Properties.

"The downturns of real estate sector in some areas provide good investment opportunities for those smart investors who know how to pick the best amid crises. Selective investment is quite remarkable these days as most of the speculations and off plan trading have disappeared. Investors now focus on real tangible projects which most of them being carried out by national companies supported by the trust of investors." Al Qadi added.

RAK Properties will showcase its Julfar Towers, the 45-storey twin office and residential towers, and RAK Tower in Al Reem Island in Abu Dhabi as well as Mina Al Arab, the unique waterfront resort community that will epitomize the 'Living Closer to Nature' motto of the property company. The Dhs500m Julfar Towers was launched in February 2006 while Mina Al Arab, spread over 43 million sq. feet and estimated to cost Dhs10bn, was announced in May 2006.

Newsweek 'Arabic Edition' has recently awarded RAK Properties as one of the top 20 performers in UAE for its flagship project Mina Al Arab as 'The best Developer for the Best Tourist Project.'

A team of professionals will be available at the RAK Properties stand number (4A20) at Cityscape Abu Dhabi this year to share the latest updates and progress of RAK Properties different projects.