RAK Properties (PJSC) has announced the completion of land filling and marine work at the Mina Al Arab development.
The AED10 billion (US$2.7 billion) Mina Al Arab is a mixed use development complete with waterways, wetlands, resort hotels and residences spread over an area of 30 million square feet on Ras Al Khaimah's beachfront. Mohamed Sultan Al Qadi, Managing Director & CEO of RAK Properties said that the completion of marine works marks a milestone for Mina Al Arab.
"We are happy that the development works at Mina Al Arab are proceeding to plan. With works currently going on in full swing, we will be able to complete the various phases of the project as per schedule and meet the time lines set for hand over." "Mina Al Arab underlines RAK Properties theme of 'living closer to nature' as the project envisages the creation of integrated and diverse communities built around a natural habitat. At the same time, Mina Al Arab also offers a complete experience with its luxury residential and world class tourism developments, retail components and waterside dining facilities. It's a lifestyle that the region has not yet seen," added Al Qadi.
Composed of a beachfront strip and a group of islands, Mina Al Arab will have themed resort hotels and two eco-hotels that will add an estimated 3,500 sumptuous rooms for tourists and visitors. In addition, there will be a cluster of 3,500 residential units, mainly bora bora hotel units, and standard apartments.
RAK Properties is also developing two other projects - the AED 500 million Julfar Towers in Ras Al Khaimah and the Dhs300m RAK towers in Abu Dhabi - along with Mina Al Arab.
