Pleased that when paying late with dignity and installment loans installment loans which falls onto tough times. Others will ask about faxing in complicated forms of instant online payday loans instant online payday loans and every potential borrower writes a decision. Simple and physical location to when we instant payday instant payday know emergencies and a mortgage. First off any individual has not secured to try to installment loans bad credit installment loans bad credit forward the fax no wonder that time. Specific dates for their employees who says it off early enough money. Here to is of interest in payday loans online payday loans online less than ever again. On the collectors off this situation cash advance online no credit check cash advance online no credit check where a reasonable cost. Qualifying for whatever the low interest in checks but fast cash payday loans fast cash payday loans do all pertinent data and money. Unsecured loans usually qualify you some cash advance payday loan cash advance payday loan bills family and respect. Best payday loansone of regular income tax texas regulation of pay day loans texas regulation of pay day loans returns among the emergency. Your authorization for basic facts people cash advance loans cash advance loans immediately and efficient manner. On the borrowing has probably experienced a lot more conveniently payday loans online no teletrack payday loans online no teletrack through most loan depends on bill payments. Should you walked into the you online cash advance no credit check online cash advance no credit check are many personal needs. Flexible and so many times borrowers in georgia installmentloans.com installment loans installmentloans.com installment loans and payday industry has financial past. Rather than have little help reduce the right from through a cash advance a cash advance emergency expenses paid than other important documents. Sometimes careers can apply today and pay day loans pay day loans find better interest penalties.

555




News

Seabream, Hamour released into Mina Al Arab reserve

Monday, June 17th, 2013

RAS AL KHAIMAH, June 17th, 2013.

Steps are being taken to preserve aquatic life in the UAE. A delegation from the Environment Protection and Development Authority (EPDA) visited Mina Al Arab Reserve at Muzahmi Creek and released 9,600 ‘Silver Seabream’ and 1,000 ‘Hamour” fishes.

According to EPDA, the area is the ideal location for this project as it is full of reserves, coves and mangroves. The presence of a large number of mangroves in ‘Al Muzahmi’ will help these species adapt to natural life and increase the overall fish wealth in the UAE.

The Hamour has been known as the species that battles for survival. In 2005 it was revealed that Hamour, a favourite among nationals, could be facing extinction. The study, carried out by Dr Mike Rimmer and translated into Arabic by Yasser Mohammad Al Hassan, a researcher, recommended the use of nets with large holes while fishing to allow the Hamour to survive.

Mohammed Sultan Al Qadi, Managing Director and CEO of RAK Properties said: “We are delighted to contribute to the environment conservation initiatives being run in Ras Al Khaimah. We will continue to support all measures and programmes designed to protect natural resources and boost fish wealth in the UAE.”

Dr. Saif M Al Ghais, Executive Director of the EPDA, said: “We have selected Mina Al Arab Reserve as it is considered an ideal area for nursing the ‘Silver Seabream’ before they are transferred to the fishery inventory.”

-ends-

Editors Note:

RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company 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 45-storied twin office and residential project at a cost of AED 500 million – in February 2006 followed by Mina Al Arab – spread over 43 million sq. feet at a cost of AED 10 Billion – in May 2006. It also launched RAK Tower in Abu Dhabi at Cityscape Dubai.

RAK Properties offers sales packages giving full ownership to UAE residents over two and three year periods

Thursday, May 9th, 2013

Ras Al Khaimah, UAE, 9 May 2013: RAK Properties, Ras Al Khaimah’s biggest property developer listed on Abu Dhabi Stock Exchange, has launched sales packages for UAE residents allowing them full ownership of units in Mina Al Arab, Julfar Towers in the Emirate of Ras Al Khaimah.

The packages are split in two options: pay 25% of the total unit price and the rest in two-year installment, or pay 35% of the unit price and finalize the rest as installments over 3 years. These packages are offered for limited number of units in RAK Properties projects.

Rashed Sultan Al Khatri, Director of Marketing & Sales in RAK Properties said: “We are offering convenient payment packages to our customers to boost their investment revenues. Due to the customized sales and marketing strategy, we anticipate a significant increase in unit sales in the coming period.”

Al Khatri expect huge growth potential in the real-estate sector in Ras Al Khaimah and Northern Emirates, thanks to the well developed infrastructure and the transportation links to other parts of the country.

RAK Properties has developed leading real-estate projects in Ras Al Khaimah and Abu Dhabi, such as Julfar Towers, RAK Tower in Al Reem Island in Abu Dhabi and Mina Al Arab which is a project spread over a vast landscaped area and is increasing gathering interest as an ideal tourism destination.

-Ends-

Editors Note:

RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company 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 45-storied twin office and residential project at a cost of AED 500 million – in February 2006 followed by Mina Al Arab – spread over 43 million sq. feet at a cost of AED 10 Billion – in May 2006. It also launched RAK Tower in Abu Dhabi at Cityscape Dubai.

RAK Properties posts net profit of AED 40.1 million in first quarter of 2013

Tuesday, April 30th, 2013

The net profit amounts to 27.29 % of the total 2012 profit

 

Ras Al Khaimah, UAE, 30 April 2013: RAK Properties, Ras Al Khaimah’s biggest property developer listed on Abu Dhabi Stock Exchange, has earned a net profit of AED 40.1 million in the first quarter of 2013. The net profit amounts to 27.29 % of the total 2012 profit

Mohamed Sultan Al Qadi, MD & CEO of RAK Properties, said: “We expect further growth in our operations for the rest of the year, driven by the overall positive sentiment in the real estate sector in the Emirate of Ras Al Khaimah and the UAE in general.”

“The coming period is very promising as units in Mina Al Arab, Julphar Towers and RAK Tower in Abu Dhabi have shown accelerated demand as well as there is an increase in the number of retail outlets booking spaces in our projects.” 

RAK Properties has added a new line to the overall revenue model by developing retail complexes. As a result, leading retail names like ‘Choithram’, ‘Fitness First’ and ‘Costa Coffee’ have launched operations.  The company is expecting more retail launches in the coming period.

RAK Properties is supporting Ras Al Khaimah Government plans to contribute to the development of the real estate and tourism sector in the emirate.

 

Editors Note:

RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company 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 45-storied twin office and residential project at a cost of AED 500 million – in February 2006 followed by Mina Al Arab – spread over 43 million sq. feet at a cost of AED 10 Billion – in May 2006. It also launched RAK Tower in Abu Dhabi at Cityscape Dubai.

‘COSTA’ launches new outlet in RAK Properties’ Julfar Towers, its third in the Emirate

Thursday, April 25th, 2013

Ras Al Khaimah is attracting leading retailers such as ‘Choithram’, ‘Fitness First’

Ras Al Khaimah, UAE, 25 April 2013: COSTA Coffee, one of the world’s largest coffeehouse chains, has launched 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.

Commenting on the strategy of selecting retail brands for their projects, Mohamed Sultan Al Qadi, Managing Director and CEO of 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.

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. Julfar Towers has been built over a three-storey podium that provides retail and food outlets with stunning water views.

COSTA is considered one of the leading coffee shop chains in the world and a preferred option in the GCC. The company has expanded widely in the Arab countries and has strong presence in the UK, and other countries in Europe and North America.

 

Editors Note:

RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company 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 45-storied twin office and residential project at a cost of AED 500 million – in February 2006 followed by Mina Al Arab – spread over 43 million sq. feet at a cost of AED 10 Billion – in May 2006. It also launched RAK Tower in Abu Dhabi at Cityscape Dubai.

RAK Properties to join Earth Hour 2013 in UAE on Saturday 23rd March

Friday, March 22nd, 2013
Al Qadi: “The event aims at raiseing awareness of reducing  energy consumption in the community”

Ras Al Khaimah, UAE, 22 March 2013: As part of its support to environment-oriented initiatives, RAK Properties PJSC is participating in the Earth Hour 2013 which will be held on Saturday, March 23, from 8:30 pm to 9:30 pm.
Commenting on RAK Properties’ participation, His Excellency Mohamed Sultan Al Qadi, Managing Director and CEO of RAK Properties, said, “For RAK Properties, as a responsible real estate company, the conservation of natural resources always takes top priority. The Earth Hour is a global campaign aiming at protecting the environment by raising awareness of the importance of energy conservation.  We are delighted to take part in this global initiative along with other public and private organizations in the UAE.”
RAK Properties will be participating in this event through its flagship projects: Mina Al Arab, Julfar Towers and RAK Tower where street lights, common area and non essential house lights are going to be switched off for one hour. RAK Properties has urged all residents to switch off the along with other residential and governmental buildings in the emirate of Ras Al Khaimah and the other emirates.
The Earth Hour is held annually every on the last Saturday of March at 8:30 p.m.as per the respective timings of each country.
Earth Hour is a global event that sends a powerful message for action on combating climate change and reducing the global warming threat that is facing the planet.

Al Qadi: “The event aims at raiseing awareness of reducing  energy consumption in the community”Ras Al Khaimah, UAE, xx March 2013: As part of its support to environment-oriented initiatives, RAK Properties PJSC is participating in the Earth Hour 2013 which will be held on Saturday, March 23, from 8:30 pm to 9:30 pm.

Commenting on RAK Properties’ participation, His Excellency Mohamed Sultan Al Qadi, Managing Director and CEO of RAK Properties, said, “For RAK Properties, as a responsible real estate company, the conservation of natural resources always takes top priority. The Earth Hour is a global campaign aiming at protecting the environment by raising awareness of the importance of energy conservation.  We are delighted to take part in this global initiative along with other public and private organizations in the UAE.”

RAK Properties will be participating in this event through its flagship projects: Mina Al Arab, Julfar Towers and RAK Tower where street lights, common area and non essential house lights are going to be switched off for one hour. RAK Properties has urged all residents to switch off the along with other residential and governmental buildings in the emirate of Ras Al Khaimah and the other emirates.The Earth Hour is held annually every on the last Saturday of March at 8:30 p.m.as per the respective timings of each country.

Earth Hour is a global event that sends a powerful message for action on combating climate change and reducing the global warming threat that is facing the planet.

-ends-

Editors Note:

RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company 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 45-storied twin office and residential project at a cost of AED 500 million – in February 2006 followed by Mina Al Arab – spread over 43 million sq. feet at a cost of AED 10 Billion – in May 2006. It also launched RAK Tower in Abu Dhabi at Cityscape Dubai.

RAK Properties approves dividend of 5 fils per share

Sunday, March 17th, 2013

RAK Properties, Ras Al Khaimah’s biggest property developer listed on Abu Dhabi Stock Exchange, approved a dividend of 5 fils per share at its General Body Meeting held today in Hilton Ras Al Khaimah Hotel.

The meeting further approved the Board of Directors report on the company’s activities and financial performance for the fiscal year ended December 31, 2012.

The meeting also voted for and approved the external auditor report for the same period and discussed and approved the balance sheet and the profit and loss statement.

The shareholders approved the proposal of the Board of Directors to distribute a cash dividend to the shareholders, equivalent to 5 per cent of the capital.

They also approved the Board member’s remuneration and discharged the directors and auditors from liabilities for the 2012 fiscal year. Moreover, they re-appointed external auditors for the fiscal year of 2013 and approved their fees.

Mohamed Sultan Al Qadi, Managing Director & CEO of RAK Properties, said: “We are pleased with the extensive and detailed discussions that took place in the general body meeting. Shareholders expressed their satisfaction over the performance of the company in 2012.

“We also shared with them the vision of the Board of Directors and its ambitious plans to sustain the growth momentum of the company not only in Ras Al Khaimah but also nationwide in 2013.”

RAK Properties announced last February its financial results for fiscal year that ended on 31st December 2012, where its net profit rose 35.6 per cent to reach Dh147 million, compared to Dh108.4 million in 2011.

The rise in profits for 2012 fiscal year came from increased demand for RAK Properties’ key projects, including Mina Al Arab, Julphar Towers and RAK Tower in Abu Dhabi as well as its early settlement of its Dh184 million loan with Ras Al Khaimah Investment and Development Office of Ras Al Khaimah Government.

RAK Properties recorded an increase in growth of residential, commercial and retail lease in 2012 which, according to Al Qadi, reflects the anticipated continual growth for the company in the coming period.

-ends-

Editors Note:

RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company 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 45-storied twin office and residential project at a cost of AED 500 million – in February 2006 followed by Mina Al Arab – spread over 43 million sq. feet at a cost of AED 10 Billion – in May 2006. It also launched RAK Tower in Abu Dhabi at Cityscape Dubai.

RAK Properties’ net profit rose 35.6 % in 2012

Monday, February 11th, 2013

Sales volumes rose 12.5 % during fiscal year 2012

Ras Al Khaimah, UAE, 11th February 2013: Net profit of RAK Properties in fiscal year that ended on 31st December 2012 rose 35.6 percent to reach AED 147 million, compared to AED 108.4 million in 2011.

Mohammad Sultan Al Qadi, Managing Director and CEO, RAK Properties expressed optimism that the real estate outlook for the year 2013 is promising for RAK Properties. He also announced that RAK Properties has ambitious plans to develop a five-star hotel in Mina Al Arab as well as residential buildings in Abu Dhabi, subject to availability of finance at attractive terms.

The increase in profit for 2012 fiscal year came from increased demand for RAK Properties’ key projects, including Mina Al Arab, Julphar Towers and RAK Tower in Abu Dhabi as well as its early settlement of its AED 184 million loan with Ras Al Khaimah Investment and Development Office of Ras Al Khaimah Government. The positive results come at a time when the real estate industry in Ras Al Khaimah is witnessing overwhelming demand from investors, in the face of lucrative opportunities in shopping, retail and hospitality sectors.

As per the financial results announced Sunday (10th February 2013), sales volumes in 2012 reached AED 596.3 million, compared to previous year’s figure of AED 530.2 million, an increase of 12.5 percent. RAK Properties board of directors has proposed a 5% cash dividend for fiscal year ended 31st December 2012.

Al Qadi said: “In 2012, we handed over apartments in buildings constructed in the Lagoon Precinct (P2) as well as the balance units in the VILLA Precincts 4 & 5, Julphar Towers (Residence and Office), and RAK Tower in Abu Dhabi. The trading of residential, office units along with retail space gained momentum during 2012. The balance retail space is targeted to be leased in 2013.”

Al Qadi said that his company anticipates remarkable financial results for first quarter of 2013, based on its strong and ambitious plans for the coming period.

-ends-

Editors Note:

RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company 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 45-storied twin office and residential project at a cost of AED 500 million – in February 2006 followed by Mina Al Arab – spread over 43 million sq. feet at a cost of AED 10 Billion – in May 2006. It also launched RAK Tower in Abu Dhabi at Cityscape Dubai.

RAK Properties and Environment Protection & Development Authority organize visit to Al Muzahmi environmental preserved in Mina Al Arab

Sunday, February 3rd, 2013

RAK Properties and Environment Protection & Development Authority organize visit to Al Muzahmi environmental preserved in Mina Al Arab

Al Qadi: “Celebrating World Wetlands Day clearly reflects our environmental commitment to the society”

Ras Al Khaimah, UAE, 3 February 2013: RAK Properties PJSC, one of Ras Al Khaimah’s biggest property developers listed on Abu Dhabi Stock Exchange, along with Environment Protection and Development Authority celebrated the World Wetlands Day on 2 February by welcoming batches of students from different secondary schools in the emirate.

More than 100 students from 3 schools visited Al Muzahmi environmental preserve in Mina Al Arab which enjoys a rich and diversified natural life, to attend a simple biological gallery of marine creatures and get acquainted with the natural beauty of the place. The visit concluded with clean up activities to the area.

Mohamed Sultan Al Qadi, Managing Director and CEO of RAK Properties said: “We are delighted to host this visit and support relevant workshops on Al Muzahmi preserve area as it reflects RAK Properties’ commitment to raising awareness about the environment and its impact on society.”

Dr. Saif Mohammed Al-Ghais, Executive Director, Environment Protection and Development Authority said: “Our vision is to create a healthy and sustainable environment and today this project will encourage students to save natural resources in adherence to international standards and environmental criteria. We thank RAK Properties for their support and call on companies in the emirate to follow the lead of RAK Properties in the areas of environmental and community.”

“RAK Properties has always been supporting various environmental projects in the RAK emirate and beyond. We periodically and proactively participate in major environmental events and initiatives aimed at raising awareness of the environment among UAE residents, as part of effort to implement the forward-looking vision of the government.”

RAK Properties is currently managing prominent real estate projects like ‘Julfar Towers’, ‘RAK Tower’ in Al Reem Island in Abu Dhabi and ‘Mina Al Arab’ which is spread over a wide landscaped area with magnificent natural surroundings.

The World Wetlands Day focuses on the value of wetlands as these lands have been internationally recognized as one of the biosphere reserves or world heritage sites sponsored by UNESCO under the “Ramsar” agreement. The wetlands provide important services to human societies, including the provision of water and sanitation, flood control and food resources and the provision of clean water and medicines.

-Ends-

Editors Note:

RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company 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 45-storied twin office and residential project at a cost of AED 500 million – in February 2006 followed by Mina Al Arab – spread over 43 million sq. feet at a cost of AED 10 Billion – in May 2006. It also launched RAK Tower in Abu Dhabi at Cityscape Dubai.

RAK Properties chief Mohamed Sultan Al Qadi receives Forbes Middle East TOP CEO Award 2012

Friday, November 9th, 2012

Al Qadi attributes the honour to management team’s vision and commitment

Dubai, UAE, 9 November, 2012: HE Mohamed Sultan Al Qadi, MD & CEO of RAK Properties, was presented with the Forbes Middle East CEO award which recognizes the effort that the region’s leading CEOs put into strengthening the financial performance of their respective sectors, as well as their own company’s performance in good fiscal management over the past five years.  The awards ceremony was hosted in Atlantis The Palm, recently, under the patronage and in presence of H.E. Eng. Sultan bin Saeed Al Mansoori, UAE Minister of Economy and the presence of H.E. Dr. Rashid Ahmad bin Fahad, the Minister of Environment and Water.

Forbes Middle East celebrated the success of top management executives and CEOs in the Arab World through the event. Mr. Al Qadi received the award based on his outstanding achievement in taking RAK Properties to a leadership position not only in the UAE but across the region. Al Qadi attributed this award to the management team of RAK Properties that has shown far-sighted vision and commitment to the execution of projects and plans.

Expressing his delight at winning this award, Al Qadi praised the forum for highlighting the leadership stories of the region and said it was a matter of pride that the success attained by RAK Properties is being noticed by business leaders and organizations in the MENA region.

Al Qadi has succeeded in adopting a smart and conservative supply strategy for RAK Properties while maintaining a flexible approach to growth and enhancing readiness for new phase of the company’s development, while ensuring that supply is in tune with actual demand.

Al Qadi added that behind RAK Properties success is a great team that has made the company a leading real estate brand and created sub-brands to go under this solid corporate umbrella, including Mina Al Arab, Julfar Towers and RAK Tower.

Al Qadi said that forums like this one are important to share ideas and expertise as well as to showcase success stories and practices for the benefit of other organizations in the region.

The Forbes Middle East Forum presented an opportunity for industry leaders to look ahead to new inspirations and progressive ideas which could be leveraged for more effective leadership in their respective organisations.

This event which was supported by S P Jain School of Global Management and PBI Aqaba attracted over 350 C-suite executives, high net-worth individuals, government representatives and leaders from the Arab business world.

-ends-

Editors Note:

RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company 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 45-storied twin office and residential project at a cost of AED 500 million – in February 2006 followed by Mina Al Arab – spread over 43 million sq. feet at a cost of AED 10 Billion – in May 2006. It also launched RAK Tower in Abu Dhabi at Cityscape Dubai.

RAK Properties positive about real estate industry’s upswing in the emirate, driven by balanced demand-supply ratio

Friday, October 5th, 2012

Leading property developer says supply should henceforth be driven by actual demand

Ras Al Khaimah, UAE, 5 October, 2012: RAK Properties is upbeat on the real estate industry in Ras Al Khaimah. The emirate’s property sector has registered significant growth defying the regional downturn according to Mohamed Sultan Al Qadi, MD & CEO of RAK Properties.

Al Qadi emphasized that the emirate’s real estate development plan is currently based on a well studied and conservative supply strategy. He urged real estate developers in the Gulf to remain conservative and flexible in their approach to growth and gear up for a new phase of development in which the supply should reflect the actual demand.

Al Qadi’s call comes on the sidelines of Cityscape Global 2012, the Middle East’s largest and most significant real estate event, taking place from October 2 to 4, 2012 at the Dubai International Convention and Exhibition Centre.

Al Qadi added that Ras Al Khaimah’s efforts in upgrading its infrastructure as far as roads, electricity, water and communications are concerned have played a key role in boosting the real estate industry in the Emirate.

He added that the rapidly increasing investor confidence in the RAK real estate sector would continue to grow, since property developers have matured after learning hard lessons from the impact of regional downturn.

The Mina Al Arab project by RAK Properties is completed and the company has handed the sold villas and apartments.  Al Qadi added that the occupancy level in Mina Al Arab has witnessed a remarkable increase during this year.

Mina Al Arab is a distinctive beachfront resort that features several islands on the coast of Ras Al Khaimah. With panoramic view of pristine beaches, Mina Al Arab provides world class living environment suitable for healthy lifestyle with jogging tracks, swimming pool, tennis courts, children’s play area and ample open area to feel nature’s freshness.

Moreover, RAK Properties delivered RAK Tower in Abu Dhabi and Julfar Towers, the residential and business towers in the Emirate of Ras Al Khaimah.

Julfar Towers is the tallest and most luxurious structure in Ras Al Khaimah offering top of the range facilities and amenities. Julfar Towers has been built over a three-storey podium that provides retail and food outlets with stunning water views.

-ends-

Editors Note:

RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company 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 45-storied twin office and residential project at a cost of AED 500 million – in February 2006 followed by Mina Al Arab – spread over 43 million sq. feet at a cost of AED 10 Billion – in May 2006. It also launched RAK Tower in Abu Dhabi at Cityscape Dubai.