RAK Properties, Ras Al Khaimah’s leading property developer that is listed on the Abu Dhabi Securities Market, has added two hundred and fourteen prestigious beach front villas at the Precinct Five of Mina Al Arab.“We are delighted to hand over these architecturally unique beach front villas to their home owners,” Commenting on the handover of the beach front villas, Mohamed Sultan Al Qadi, Managing Director and CEO of RAK Properties, the company behind the development of prestigious manmade islands, said, “The community stretches across nine hundred meters long private beach. The project adds a feel of tranquillity and peace into the lifestyle of its residents. We look forward to creating a self sufficient community within Ras Al Khaimah,” he added.
Mina Al Arab is ideally situated on Ras Al Khaimah’s coastline, covering an area of 3.25 million square meters. With panoramic view of pristine beaches, the development provides world class living environment suitable for healthy lifestyle with 2.2 kilometre jogging tracks, 250 square metre swimming pool, tennis courts, children’s play area and ample open area to feel nature’s freshness. The community development has sixty per cent of open and landscape areas and the remaining are residential.“These beach front villas have mainly been sold to end users, hence we know their expectations and have worked towards achieving them. We hope that with the panoramic view of the clean beaches, mountains and beautiful landscape, our home owners, find solace in what they are looking for. Mina Al Arab is home to an exciting array of themed resorts, all tailored to offer a varied vacation experience,” Al Qadi added. Supported by world class amenities, the Malibu inspired villas have been designed with exotic architectural styling, complemented with a great views of the beach. Mina Al Arab is a multi-purpose property development facilitated with 310 hectares of open spaces including a shopping promenade and varied recreational facilities.
RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company 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 45-storied twin office and residential project at a cost of Dhs500 million - in February 2006 followed by Mina Al Arab - spread over 43 million sq. feet at a cost of Dhs10 billion - in May 2006. It also launched RAK Tower in Abu Dhabi at Cityscape Dubai.RAK Properties in July start the handover of RAK Tower at Marina Square on Al Reem Island in Abu Dhabi.
RAK Properties has reported higher demand for its residential and business units in the first half of 2011, compared to the same period of last year.Mohamed Sultan Al Qadi is upbeat on the development of real estate in the UAE, as the company has already started the handover of Julfar Towers in Ras Al Khaimah and Malibu villas.International hotel chain Hilton Worldwide has its sights set on major expansion in the region, with Ras Al Khaimah featuring prominently in its plans.. Hilton Worldwide has 35 regional hotels in the pipeline, including the first Waldorf Astoria in the UAE - Waldorf Astoria, RAK.
Ras Al Khaimah’s tourism push will see the launch of about 30 new hotels in the emirate by the end of 2012, according to Essam Abouda, Vice President, Operations, Hilton Worldwide, Arabian Peninsula & Indian Ocean, who says his hotel is keen on playing host to the increasing number of visitors that the emirate is attracting.
From / Gulf Today