RAK Properties begins construction on Gateway Residence II
RAK Properties, the UAE’s leading property development and tourism infrastructure companies, held a groundbreaking ceremony on 6th of July for Gateway Residences II, RAK Properties’ latest waterfront addition to Hayat Island, Mina Al Arab, Ras Al Khaimah.
The ceremony was attended by Mohammed Al Tair, RAK Properties’ Acting CEO, alongside senior staff and notable members.
Mohammed Al Tair, speaking on the new project, said, “I am pleased to announce the initiation of Gateway Residence II. After the substantial success of Gateway Residence I, it was only natural that we continue developing on the iconic Hayat Island, to allow families and investors to indulge in the luxurious lifestyle that our projects offer.”
Gateway Residence II, situated on Hayat Island within the Mina Al Arab community in the heart of Ras Al Khaimah, boasts upscale one and two bedroom modern apartments surrounded by breathtaking views of the natural environment. The low-rise residential complexes, which were designed to compliment the natural layout and elements of the surrounding environment, is in close proximity to Anantara Hotel & Resort, InterContinental Ras Al Khaimah Mina Al Arab Resort & Spa, and numerous retail and fine dining options.
RAK Properties is a Public Joint Stock Company (PJSC) formed in 2005 with the support of the Government of Ras Al Khaimah (RAK).
Founded in line with the vision of His Highness Sheikh Saud Bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, RAK Properties aims at supporting and promoting the economic growth of Ras Al Khaimah as well as assisting the emirate’s community development initiatives. RAK Properties will also maximize shareholders’ value through its development projects in the coastal and inland areas of Ras Al Khaimah.