RAK Properties Sets New Benchmark of Excellence in Ras Al Khaimah

Press release
Published April 11th, 2018 - 06:40 GMT
Mohammed Sultan Al Qadi, MD&CEO of RAK Properties
Mohammed Sultan Al Qadi, MD&CEO of RAK Properties

Arabian Business hosted the Arabian Business Real Estate Awards in Dubai to honour businesses and business leaders who are visionaries and pioneers in real estate. The award recognises outstanding achievements and accomplishments in the sector which is one of the anticipated announcements within the Middle East real estate Industry .

Attendees of the event included global and regional CEO’s and business leaders from across the GCC. joining together to celebrate and facilitate excellence, reputation and exemplary work and projects.

Mohammed Sultan Al Qadi, MD&CEO of RAK Properties received the Arabian Business Awards on behalf of RAK Properties. While expressing his happiness for recognition of best Real Estate Northern Emirate, Mohammed Sultan Al Qadi, CEO RAK Properties said “We are pleased to receive this award; and always endeavor to lead in our industry through quality and trust. This belief combined with the best in engineering, customer centricity, transparency in business operations and a vision for the future has placed us among the most preferred real estate in the country.”

RAK Properties is the leading property development in the UAE. The company is engaged in the development and construction of number of projects in residential including its recent flagship development Hayat Island which was revealed earlier in the year with an investment of AED 5 billion. The 811,420m2 island is set to be the new social and entertainment hub of Ras Al Khaimah.

Hayat Island is a blend of leisure and entertainment fully integrating the demands of families and individuals and will feature international 5-star and 4-star resorts, serviced apartments, a shopping mall, beautiful beach and waterfront apartments, villas and townhouses with a private beach clubhouse, and along the beach there will be al fresco dining and entertainment venues.

The Island includes the prestigious InterContinental Hotel & Resort -Mina Al Arab with 350 guest rooms and suites. The hotel offers facilities like a health club, spa, two swimming pools and restaurants.

There is a diverse range of choice for culinary lovers, restaurants always serving world cuisine at its best. The opportunity to enjoy water sports and the beach is on a high with 3,544 meters of planned coastline and astounding 1,360 meters of beach.

RAK Properties developments are linked with nature, building communities with a sustainability in its approach. Timely delivery, value centered and professional approach has all contributed to their award recognition.

Background Information

RAK Properties

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. 

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