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RAK Properties to showcase 'Mina Al Arab' and 'Julfar Towers' in Pakistan
- United Arab Emirates: Tuesday, August 29 - 2006 at 14:17
- PRESS RELEASE
RAK properties, the premier real estate development company of Ras Al Khaimah will exhibit two of their premier real estate projects, 'Mina Al Arab' and 'Julfar Towers' at the World Wide Property show in Karachi from the 28th - 30th of August.
Post the exhibition, RAK Properties will embark on a six-day road show where they will interact with potential investors and clients at a number of cities like Lahor, Karachi and Faisalabad from August 31st to September 5th.
"RAK Properties expects to drum up a lot of interest from our participation at the property show," said Mohammed Sultan Al Qadi. "We're confident that our exceptional designs and the overall allure of the emirate of Ras Al Khaimah will attract heavy investor interest to the emirate."
RAK Properties had earlier launched Mina Al Arab, which proposes the creation of integrated and diverse communities offering luxury residential and international standard tourism developments, coupled with excellent retail entertainment and waterside dining facilities.
A number of themed resort hotels and two eco-hotels will be featured along the beautiful natural beaches of the islands, which will provide an estimated 3,500 rooms for tourists and visitors of the emirate.
Investors in the Julfar business tower will enjoy the benefits of mainly 100% foreign ownership. The Julfar Towers consists of two 43-storey towers, one residential, which has 349 apartments, and one office tower with 468 office units built over a three-level podium that provides retail, food outlets and central facilities.
The project has a prime location in the town's city centre, overlooking the creek; the mangroves and mountains surrounding Ras Al Khaimah gives both towers' residents breath-taking views. The development is only a few minutes away from the Hilton hotel, Manar mall, beaches and even the golf club.
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Notes and media contacts
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. The company launched its first project, Julfar Towers - a 43-storied twin office and residential project at a cost of AED500 million - in February 2006 followed by Mina Al Arab - spread over 30 million sq. feet at a cost of AED 10 Billion - in May 2006.For further information, please contact:
Lina Anani
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in
Middle East and North Africa
Dubai, UAE
Tel: +971-4-3344550, Fax: +971-4-3356080
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Posted by Anne-Birte Stensgaard, Senior News Editor
