RAK Properties showcases growth prospects of real estate industry at Cityscape 2007

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• Property developer to highlight Julfar Towers, Mina Al Arab and other new projects

RAK Properties, the largest property developer in Ras Al Khaimah, will underscore the growth potential offered by the property sector of the emirate and the company’s efforts to expand to other markets at Cityscape 2007, the premier property investment and development event to be held at Dubai International Exhibition Centre from October 16 to 18.

“RAK Properties, in addition to its ongoing projects, holds a lot of growth potential in the property market of the UAE as well as other markets. We want to reiterate this growth potential by showcasing our up-and-coming projects at Cityscape, including new projects in other emirates, and highlighting our continuous efforts to expand towards other markets," said Mr Mohammed Sultan Al Qadi, Managing Director, RAK Properties.

Mr Al Qadi added: “Cityscape attracts several high net worth local and global investors who seek attractive investment options. The exhibition had yielded strong investor response for RAK Properties last year – the second year of our inception. Our premier projects, Julfar Towers and Mina Al Arab, have gained an overwhelming response from investors worldwide and Cityscape will be the perfect platform to showcase these projects before a wider audience."

RAK Properties launched its first project, Julfar Towers - the 43-storey twin office and residential towers being developed at AED500 million -  in February 2006 followed by the AED10 billion Mina Al Arab, spread over 30 million sq. feet, in May 2006.

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