RAK Properties to showcase “Julfar Towers” in Abu Dhabi & Kuwait exhibitions

Following the successful launch of “Julfar Towers”, RAK Properties (PJSC), the premier real estate development company of Ras Al Khaimah, will showcase its project in two of the major real estate and property development exhibitions in the GCC region.

Their first participation will be at Abu Dhabi’s Arabian Properties Forum from April 2nd to April 5th, 2006, This prestigious forum is a part of the Arabian Properties 2006, the first property development and finance exhibition for the Arab world to address issues relating to the development and future of the real estate and property sector in the region.

The second exhibition will be the Kuwait’s Worldwide Property Show from May 7th to May 8th, 2006. This Five star exhibition will target affluent national, expatriate, international corporate investors and high net worth individuals who wish to buy off, plan and invest in commercial and residential real estate on a global basis.

RAK Properties will be showcasing its premier project, “Julfar Towers”, a mixed use development consisting of two 43 storey towers, one residential which has 349 apartments and one office tower which has 468 offices, located on the same podium.

Alongside the “Julfar Towers” project, RAK Properties will also be exhibiting other planned developments in the pipeline.

Mohammed Al Qadi, Managing Director, RAK Properties, said: “In an attempt to position RAK as a favored location for residents, business and organizations alike, and as a vibrant tourist, leisure & shopping destination, RAK Properties believes that prestigious local & regional exhibitions such as Arabian Properties Forum in Abu Dhabi or Worldwide Property Show in Kuwait serves our purpose.

It also provides the model platform to showcase RAK Properties’ flagship project, “Julfar Towers” to local, regional and international investors.”

RAK Properties has opened the door for selling units in the towers earlier this year. “Julfar Towers” investors will benefit from a unique payment scheme based on construction phases, whereby they would pay divided amounts of the total cost of their flat or office according to the structural development of the Towers.

“Julfar Towers” has attracted a tremendous amount of interest of investors since its launch late February 2006, reflecting a high investor interest in RAK and proving the potential it holds for the future.

RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company that operates in a sector that is enjoying an economic boom. It is 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.

© 2006 Al Bawaba (www.albawaba.com)