Ras Al Khaima's major real estate developer, RAK Properties, recently announced that it would underscore the growth potential offered by the property sector of the emirate at the upcoming Cityscape 2006 property investment and development event.
"Ras Al Khaimah is a relatively new entrant to the burgeoning property market of the UAE and offers untapped growth potential," said Mohammed Sultan Al Qadi, Managing Director, RAK Properties according to Khaleej Times.
"The emirate's current thrust on all-rounded development, including tourism, media and retail, complements the growth in the real estate sector. We want to reiterate this growth potential by showcasing our up-and-coming projects at Cityscape. The show attracts several high net worth local and global investors who seek alternative investment options in the UAE," Al Qadi added.
In February 2006, the company launched its first project, Julfar Towers, the 43-storeyed twin office and residential towers of development value Dh500 million followed by the Dh10 billion Mina Al Arab, spread over 30 million sq. feet, in May 2006.
