RAK Properties PJSC, Ras Al Khaimah’s largest property developer participated in Extravaganza, the premier annual exhibition of luxury products and services for members of the Moscow Elite, showcasing its premier projects; “Julfar Towers” and “Mina Al Arab”. The event was held at the Manege Exhibition Center in Moscow from October 26 to October 28, 2006.
The exhibition is an important event for high net worth individuals and their professional advisers in Russia, seeking to invest locally and internationally.
Mohamad Sultan Al Qadi, Managing Director of RAK Properties said, “There are many investors who are choosing to invest in UAE in general and RAK in particular; RAK is the upcoming place for real estate investment.” He continued, “Russia is a potential market especially for luxurious properties RAK Properties has to offer through its flagship projects.”
The company launched its first project, Julfar Towers, the 43-storied twin office and residential towers at a cost of AED 500 million in February 2006 followed by Mina Al Arab - spread over 30 million sq. feet at a cost of AED 10 Billion in May 2006. The presence of such projects with world-class standards allows RAK Properties to claim local and international presence in property development.
“RAK Properties will continue offering its projects to investors worldwide out of its commitment to position RAK as a favored location for residents, businesses and organizations alike, and as a vibrant tourist, leisure and shopping destination,” concluded Al Qadi.
