RAK Properties proudly raise the national flag at Julphar Towers to mark UAE Flag Day. .
RAK Properties PJSC, Ras Al Khaimah’s biggest property developer listed on the Abu Dhabi Stock Exchange, proudly raised the national flag at the emirate’s tallest towers on November 3, 2015 to commemorate UAE Flag Day. The company’s Managing Director and CEO, Mohammad Sultan Al Qadi, led the celebrations alongside senior officials, as well as local school children.
The UAE national flags were waved cheerfully by the attendees in a touching show of solidarity and support for the country’s wise leadership and rich history. Al Qadi said: “Each year we remember the privileged status of the flag which will always remain in the hearts of the nation across all generations. This is a celebration of a journey of pride and heritage that was established by the founding fathers under the leadership of the late Sheikh Zayed Bin Sultan Al Nahyan.”
Flag Day falls on November 3, the day of President His Highness Shaikh Khalifa Bin Zayed Al Nahyan’s accession as President of the UAE. The national flag is unfurled at public and private buildings at noon to symbolize national unity and the public’s pledge of support for the UAE flag and the ideals it embodies.
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.