Costa opens in RAK Properties towers
Ras Al Khaimah, April 23, 2013
Costa Coffee, one of the world’s largest coffeehouse chains, has opened an outlet in Julfar Towers of RAK Properties; the biggest property developer in Ras Al Khaimah listed on the Abu Dhabi Securities Market.
Costa Coffee joins other leading retail brands including Choithram and Fitness First’ which has set up shops in RAK Properties’ projects in the emirate.
Mohamed Sultan Al Qadi, managing director and CEO, RAK Properties, said: “We are guided by a clear vision while selecting retailers, for both the business and community users. We partner with retailers whose brands are in sync with the spending power and lifestyle of our residents, tenants and visitors.”
“We found Costa the ideal coffee chain for Julfar Towers. We have selected a location that would be convenient to both business and community users. We will continue to provide residents and visitors of RAK Properties the best retail options available around,” added Al Qadi.
This is the third Costa shop in Ras Al Khaimah and the first in a RAK Properties’ projects. The location in Julfar Towers offers a picturesque sea view. The new coffee outlet will offer Costa’s signature coffees and snacks to resident and visitors of Julfar Towers.
RAK Properties has added a new revenue stream by developing retail complexes in its projects like Julfar Towers, RAK Tower on Reem Island in Abu Dhabi and the Mina Al Arab project.
Julfar Towers is the tallest and most luxurious structure in Ras Al Khaimah, offering top of the range facilities and amenities. It has been built over a three-storey podium that provides retail and food outlets with stunning water views.
Costa has expanded widely in the Arab countries and has strong presence in the UK, and other countries in Europe and North America. – TradeArabia News Service