RAK Properties PJSC, the premier real estate company in Ras Al Khaimah, participated, for the second consecutive year, in the 41st International Tourism Bourse at Berlin, showcasing Mina Al Arab launched last year to redefine living and doing business in Ras Al Khaimah.
ITB Berlin is considered one of the biggest tourism exhibitions in Europe and is known for bringing together renowned and reputed real estate and tourism companies around the world. Every year, the exhibition draws thousands of people from all over the world who come looking for new and attractive tourist destinations. This year’s event attracted over 10,850 exhibitors from 180 countries and more than 162,000 visitors from all over the world.
“Participating in International Exhibitions has proved to be successful for RAK Properties as it has raised awareness of the profile of the company and has allowed it to compete on a global level,” said Mohammed Sultan Al Qadi, Managing Director of RAK Properties. “Initiatives and projects of RAK Properties have immensely contributed to the accomplishment of the vision set for the emirate to transform to a leading tourist destination. Now RAK Properties is all set to tap the international market for further growth opportunities and ITB Berlin, has been a tremendous opportunity.”
Created with the environment in mind, Mina Al Arab is set to be the leading resort destination in the northern emirates offering visitors and residents a life closer to nature. The AED 10 billion project is spread over 30 million square feet and brings together nine themed and two eco-hotels, that will provide an estimated 3,500 sumptuous rooms for tourists and visitors of the emirate, in addition to a cluster of 3,500 residential units, mainly bora bora hotel units and standard apartments to cater for the regional & international visitors.
The project will also offer a range of 388 residential villas, shopping district, spacious green oasis walk as well as all related amenities that create a refined vacation experience. These amenities include 310 hectares of open spaces, ecological preserves & landscaping, parks, medical facilities, mosque, cafes & restaurants, and recreational facilities such as gym, tennis courts, spas and sporting activities.
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. The company launched its first project, Julfar Towers - a 43-storied twin office and residential project at a cost of AED550 million - in February 2006 followed by Mina Al Arab - spread over 30 million sq. feet at a cost of AED 10 Billion - in May 2006.
