Sales of freehold units in ”Mina Al Arab” start
RAK Properties (PJSC), the premier real estate development company of Ras Al Khaimah, commenced sales of freehold units in its recently launched project in RAK "Mina Al Arab" at the Arabian Travel Market Exhibition in Dubai that took place during May 2nd - May 5th, 2006 at the Dubai International Exhibition Centre.
Marking Ras Al Khaimah's major reconstruction & development, the 10-billion dirhams project involves the development of integrated and diverse communities offering luxury residential and international standard tourism developments, coupled with world class retail entertainment and waterside dining facilities.
The project is spread over total area of 30 million square feet, whereby only one third of it will be developed while the remaining two thirds will be left for the visitors to enjoy the natural scenery of the surroundings.
Alongside the 'Mina Al Arab' project, RAK Properties also showcased its premier project 'Julfar Towers' that also caught the visitors' attention.
Commenting on the outcome of the exhibition, Mohammed Sultan Al Qadi, Managing Director, RAK Properties, commented: "We were delighted to participate in the Arabian Travel Market Exhibition, considered among the most prestigious forums for travel & tourism in the region. It provided us with an ideal platform to showcase our multibillion mega project 'Mina Al Arab' that is expected to transform the emirate into a world-class tourist destination upon its completion. We were also overwhelmed with the number of selling transactions that took place at the exhibition selling freehold units at 'Mina Al Arab' & 'Julfar Towers', which reflected the investors' trust in RAK Properties' projects."
Mina Al Arab offers a number of themed resort hotels and two eco-hotels established along the beautiful natural beaches of the islands that will provide an estimated 3,500 rooms for tourists and visitors of the emirate, in addition to a cluster of 3,500 residential units, mainly hotel units and standard apartments to cater for the regional & international visitors.
In view of what Mina Al Arab is offering, it is expected to contribute in nourishing the tourism sector in the UAE and the region.
Al Qadi concluded: "Under His Highness Sheikh Saud Bin Saqr Al Qasimi's guidance, RAK Properties has managed to establish its status as a sound and leading real estate developer in the region, with the aim of positioning RAK as a favoured location for residents, business and organizations alike, and a vibrant tourist, leisure & shopping destination. We were delighted to receive a similar response from the travel & tourism community at the Exhibition."
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