Complex Made Simple

RAK Properties expects to collect $474m in 2011

RAK Properties has announced that it expects to collect at least $474m in 2011 as buyers of completed properties make final payments, Bloomberg has reported. The developer, which built Ras Al Khaimah's first manmade islands, is set to complete 3,073 apartments, villas and offices this year starting in February, CEO Mohammed Sultan Al Qadi told the news service.