RAK Properties moves headquarters to 45-storey Julphar Towers

Press release
Published October 30th, 2011 - 11:36 GMT

Al Bawaba
Al Bawaba

RAK Properties has moved its headquarters to Julphar Towers, one of its flagship projects, to better serve its rapidly increasing customer base in the UAE.

The Abu Dhabi-listed real estate development company announced that it will occupy 40th and 41st floors of the 45-storey Julphar Towers. The move reflects the company’s rising stature in the emirate of Ras Al Khaimah, following its success in the handover of three mega projects in Ras Al Khaimah and Abu Dhabi.

Earlier this year, RAK Properties commenced the handover of RAK Tower at Marina Square on Al Reem Island in Abu Dhabi as well as 213 premium beachfront villas at Precinct 5 of Mina Al Arab.

Julphar 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.

Mohammed Sultan Al Qadi, Managing Director & CEO of RAK Properties, said: “We are delighted to move our head office to Julphar Towers, the Ras Al Khaimah's iconic twin tower. This world class location will help us serve our customers with greater efficiency and professionalism. We would like to invite businesses to open offices in the commercial tower and enjoy the world class services and amenities. Moreover, residential space in the towers is still available, with apartments offering spectacular views of the emirate of Ras Al Khaimah.”

Julphar Towers has been built over a three-storey podium that will provide retail and food outlets with stunning water views, which is set for completion over the coming months.

Julphar Towers features a number of high quality services to match different personal and professional preferences. As the project has free zone status, it provides the business sector with the possibility of establishing companies across various sectors. This makes it an attractive option, with the potential to achieve great success.

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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