• HSBC

RAK Properties delivers keys for villas owners at Precinct 4 of Mina Al Arab

  • United Arab Emirates: Sunday, July 11 - 2010 at 16:22
  • PRESS RELEASE

RAK Properties PJSC, the property developer in Ras Al Khaimah started delivery last week of keys for villas owners at Precinct 4 of Mina Al Arab completed in time to high specifications.

Precinct 4, a key component of the mega project-Mina Al Arab, contains 93 villas on a built up area of 198,000 square meters. It has 6 luxury villas, 41 standard villas and 46 townhouses. The location of the villas gives a panoramic view of the 30,000 square meters of pristine beaches. Hard and soft landscaping constitutes 50% of the total area of precinct 4.

This project provides world class living environment suitable for healthy lifestyle with jogging tracks, private beach planted with coconut trees, swimming pools, tennis courts, children's play area and ample open area to feel nature's freshness.

Mohamed Sultan Al Qadi, Managing Director and Chief Executive Officer of RAK Properties expressed his satisfaction, saying:
"This stage is very important turning point for RAK Properties and we are proud to handout the first stage of Mina Al Arab to the villas owners. Such an achievement will be the opening of other deliveries of other projects in Ras Al Khaimah and Abu Dhabi to come in the pipeline this year."


Mr. Al Qadi commends the consultants and the contractors and all those contributed in this timely delivery, "We regard all those who contributed in this project as partners to our company and we look forward to expanding our business with every consultant and contractor who proved to share a good experience with RAK properties."

It is worth mentioning that most of the villas at Precinct 4 have been sold and this demonstrates that this project is regarded as an ideal destination for those seeking tranquility and uniqueness to settle in.

Customers who have already received their villas so far expressed their admiration and satisfaction to the designs and the high quality material used. Some of them have already settled in their villas.
 
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Notes and Media Contacts »

Notes:
RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company 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 45-storied twin office and residential project at a cost of Dhs500m - in February 2006 followed by Mina Al Arab - spread over 43 million sq. feet at a cost of Dhs10bn - in May 2006. It also launched RAK Tower in Abu Dhabi at Cityscape Dubai.

For further information, please contact:
Yasser Mohamed Al Dabach
Senior PR Manager / Shares
Tel.: 07 - 2330004

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