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RAK Prop to launch two new residential projects

Ras Al Khaimah, October 7, 2013

RAK Properties has announced plans to launch two new iconic projects at an investment of Dh400 million ($109 million) on the first day of Cityscape Global expo in Dubai.

Ras Al Khaimah’s biggest property developer listed on Abu Dhabi Stock Exchange, RAK Properties said it has boosted its investments in new residential projects driven by increased demand.

Mohamed Sultan Al Qadi, the managing director and CEO of RAK Properties said: “We will be showcasing a wide portfolio of projects during Cityscape Global this year. This will be our strongest participation to date focused on promoting our completed projects as well as announcing our new residential investments for those looking for ideal luxurious stays in Ras Al Khaimah.”

"After a series of successful projects like Julphar Towers, RAK Tower in Al Reem Island in Abu Dhabi and the leading Mina Al Arab project, we are adding up new innovative projects," stated Al Qadi.

"Our main focus now is on residential projects to meet the increased demand in the emirate due to population growth and the wider attention the emirate is getting regionally," he added.

Senior officials from RAK Properties will be present at the the company stand to address queries and interact with potential buyers and existing customers.

“Being a major real-estate developer in Ras Al Khaimah and the Northern Emirates in particular and the UAE in general, we are extremely confident about the impact these two new projects will have on the sector as well as on our investors and end users,” stated Al Qadi.-TradeArabia News Service
 




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