RAK Properties PJSC announces progress
Ras Al Khaimah’s biggest property developer listed on Abu Dhabi Stock Exchange, RAK Properties PJSC, has announced handover has begun on Reem Island’s RAK Tower development.
The 43-storey tower is one of the first Al Reem projects to be completed and features 212 residential apartments.
“RAK Properties has started contacting customers in RAK Tower to arrange the handover of their units. Demand for RAK Tower was very high due to its prime location in Al Reem Island. The building offers spectacular sea views for our customers,” said managing director and CEO, Mohamed Sultan Al Qadi.
The company launched its first project, Julfar Towers – a 45-storied twin office and residential project at a cost of AED 500 million – in February 2006 followed by Mina Al Arab – spread over 43 million sq. feet at a cost of AED 10 Billion – in May 2006. It also launched RAK Tower in Abu Dhabi at Cityscape Dubai.
In addition to RAK Tower, the developer has also recently begun the handover of Julfar Towers in Ras Al Khaimah and Malibu villas and townhouses at its Mina Al Arab project.
“The successful project is a result of dedicated team work. RAK Properties is proud to have been one of the first developers to deliver property to its customers on Reem Island,” al Qadi added.