RAK Properties launches summer promotions for new customers of Mina Al Arab and Julfar Towers

Press release
Published July 15th, 2012 - 06:04 GMT

Mina Al Arab
Mina Al Arab

RAK Properties, Ras Al Khaimah’s biggest property developer listed on Abu Dhabi Stock Exchange, has launched a promotional programme for new purchasers of residential and commercial units in Mina Al Arab and Julfar Towers. 

The offer is designed to give a further boost to the property sector in Ras Al Khaimah which has been witnessing increased real estate movement since the start of this year. 

Mohammed Sultan Al Qadi, Managing Director & CEO of RAK Properties, said: “This promotional offer targets new purchasers of units in Mina Al Arab and Julfar Towers. It comes at a time when the company is putting large investments in the real estate industry in Ras Al Khaimah which is yielding high return on investments in residential and commercial units.” 

RAK Properties has added more than 2000 residential and commercial units to the UAE’s real estate landscape, through its flagship projects - Mina Al Arab and Julfar Towers in Ras Al Khaimah and RAK Tower in Abu Dhabi. 

Mina Al Arab, the new waterfront community in Ras Al Khaimah set amid lush landscaping, protected coastal wetlands and natural pristine beaches offers homes, hotels and world-class amenities. Whether used as a primary residence, weekend getaway or vacation retreat, Mina Al Arab is a destination that offers the very best of vacation living. 

Julfar Towers, the tallest and most luxurious towers in Ras Al Khaimah, offers top of the range facilities and amenities. The residential tower boasts 349 luxurious apartments, varying from studios to deluxe four-bedroom units as well as duplexes on the upper floors, while the office tower features 468 state-of-the-art offices of various sizes to meet differing work requirements. 

With panoramic views of pristine beaches, Mina Al Arab provides world class living environment suitable for a healthy lifestyle with jogging tracks, swimming pools, tennis courts, children’s play area and ample open area to feel nature’s freshness. 

Mina Arab has natural facilities and key attractions. It is a retail and shopping destination within a walking distance of 900 meters. The design encapsulates highest luxury, covering an area of 3.25 million square meters. 

Al Qadi added: “We anticipate an increase number of purchasers for our units this summer as our credit facilities and discounted pricing are aimed at offering our new customers convenience and easy payment options.”

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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