Rakaa Properties is set to launch a series of three new towers in the prestigious Al Reem Island of Abu Dhabi.

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"Abu Dhabi has a huge investment potential due to its political position as the capital of the country and its global reputation. It has become the centre of attention and admiration for politicians, businessmen and investors alike and it is these facts that encourage us to allocate a major share of our investment into the Abu Dhabi market. Our activities there will be initiated by the three smart towers in Al Reem Island, namely the Marina Tulip Tower, the Dynasty Tower and the Falcon Crest Tower," said CEO of Rakaa Properties Dr Abdul-Rahman Al-Tasan.
 
"Investment in Abu Dhabi is very attractive in both the short and long terms. We expect a rapid growth in the emirate during the coming period along with the development of several mega projects which are currently still under the infrastructure stage. These projects are expected to attract more investment upon completion," he added.
   
The Marina Tulip Tower, the Dynasty Tower and the Falcon Crest Tower are all smart technology equipped and feature stunning views that overlook the sea and the island's mangrove trees. The project also boasts swimming and gymnastics halls and gardens in each of its three towers.
Each possessing different heights and uses, the Marina Tulip will feature 39 floors designated for residential and commercial purposes, featuring 140 apartments ranging from one to three bedroom apartments in addition to twelve luxurious apartments.

The Dynasty Tower will be solely dedicated to residential purposes at a height of 29 storeys, where there will be 136 apartments ranging from one to four bedrooms and the Falcon Crest Tower boasts 24 floors allocated for residential purposes with limited retail spaces.
    
Economists highlighted the extremely high level of occupancy in Abu Dhabi as one of the key factors that is encouraging real estate developers to its market. The level of occupancy witnessed a significant increase in 2007, with a projected supply of 1,100 units compared to a demand for 21,900 units.- TradeArabia News Service