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Friday, November 27 - 2009

Arabian Opportunities 2 to invest 300 million euros in freehold properties in Ras Al Khaimah

  • United Arab Emirates: Tuesday, June 27 - 2006 at 09:26
  • PRESS RELEASE

Arabian Opportunities 2, a Hamburg based Property Fund, has opened its branch in a Free Zone managed by the RAK Investment Authority with a view to invest in real estate opportunities in Freehold Areas that are coming up in Ras Al Khaimah.

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  • Dr. Khater Massaad, CEO of Ras Al Khaimah Investment Authority (RAKIA) along with Adolf Gerrit Wagner, who is promoting RAK as a destination for tourism and investments in Hamburg, in Ras Al Khaimah on Monday.
    Dr. Khater Massaad, CEO of Ras Al Khaimah Investment Authority (RAKIA) along with Adolf Gerrit Wagner, who is promoting RAK as a destination for tourism and investments in Hamburg, in Ras Al Khaimah on Monday.
Nearly 300 million euros is being collected from investors in Germany for investments in real estate properties in the Middle East. RAK emerged as the favorite to harness the bulk of this funds thanks to its freehold laws and integrated master-plan with beach front tourism properties, mountain based projects and state of the art business and media zone projects.

Arabian Opportunities 2 RAK Branch which was registered in the RAK Investment Authority Free Zone is managed by Markus Müller (43, Banker and Insurance Manager ). With several years of experience in international asset management and executive-level service in two insurance companies. He stands for a sound financing strategy and professional asset management. His area of responsibility covers, among others, the acquisition and care of institutional and private investors, international project financing as well as risk management and controlling.

Markus Wagner (34, Grad. Business Administrator, M.A. hons.) Highly experienced in the area of strategic business development of big international companies. In the second generation he is continuing the asset management of Arabian investors as well as the development of real estate projects in Europe. He is responsible, among others, for the investment segment, research, he stands for the selection of adequate investment projects and the marketing thereof as well as the international network management.

The genesis of the RAK operations of Arabian Opportunities is with Mr. Adolf Gerrit Wagner who has been in the Middle East for over four decades as consultant to many multinationals in the region. Mr. Wagner says" I advised my son Markus Wagner and his partner Markus Moeller to invest in Ras Al Khaimah for very strategic reasons.

• RAK has a leadership that is dynamic, business oriented, honest and globally aligned. His Highness Sheikh Saud Bin Saqr Al Qasimi is clearly a leader who has made a difference and will be a positive influence in the region for businessmen. Dr Massaad as Advisor to His Highness has been aggressive and has translated the Vision of the Deputy Ruler into reality. RAK Investment Authority is fast, astute and sensible. There is no bureaucracy and everything is transparent. RAK clearly can never go wrong given its leadership quality. Our investments are very safe in the short, medium and long term.

• RAK has been keeping a low profile and this works in our favour now. The prices of freehold real estate are at entry level and can only go up as it is happening now. We have monitored a steady climb in real estate prices and with the new high visibility projects coming up there is clear indication of dramatic capital appreciation in the time frame we are looking at. This fits in with our investor expectations.

• There is a master plan in place for Ras Al Khaimah and the growth is planned. Infrastructural problems are not likely and there are plenty of freehold properties in the master-plan to accommodate foreign investor interest. The Marjan Island, The Al Hamra Village, the Minal Arab, the Gateway City are all seen as possibilities by the Fund.

The Wagners have also been encouraged by the trust reposed in them by the RAK Investment Authority.

Dr Massaad has signed an MOU with the Wagners to promote Ras Al Khaimah as a destination for tourism and investments in the city of Hamburg and Lubeck where Mr. Adolf Wagner is an established name.
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