Construction of phase one of the highly anticipated coastal residential community on track; targeted handover by year end
RAK Properties PJSC, one of the biggest property developers listed on the Abu Dhabi Stock Exchange, has announced the launch of the second phase of the Flamingo Villas project that is part of the Mina Al Arab community in Ras Al Khaimah. The master developer of the coastal residential project also disclosed that construction of the first phase of the Flamingo Villas project has progressed as scheduled, with the handover of units expected by the end of this year.
Flamingo Villas has been a highly anticipated and much sought-after project given its enviable setting amidst lush landscaping, protected coastal wetlands and natural pristine beaches. Demand for the first phase of the project was exceptional and RAK Properties expected even greater interest for the second phase which comprises 57 villas, ranging from two to three bedrooms.
The eventual residents of the second phase of Flamingo Villas can enjoy a range of world-class amenities, right from a central park with children’s play area which is connected to phase one swimming pools and tennis courts. Moreover, residents can make the most of the top-notch facilities in the wider Mina Al Arab community.
Commenting on the developments, Mohammed Sultan Al Qadi, Managing Director and CEO of RAK Properties said, “The Flamingo Villas project is certain to live up to everyone’s expectations of it being one of Ras Al Khaimah’s landmark developments. By the end of this year we hope to hand over the keys to the owners of villas from the first phase, and today we are excited to launch the second phase of this exquisitely designed project that will allow residents to enjoy the very best that nature has to offer. Furthermore, Flamingo Villas will enjoy arrays of amenities, especially since it is an integral part of the Mina Al Arab development.”
RAK Properties has also announced that it has opened the Flamingo ‘show villas’ for public viewing. This will give investors and future residents a first-hand view of the layout of the villas, the size, finishing, and the overall attention to quality and detail that will go into every single unit of this project.
In 2015 and the following years Mina Al Arab will be the arena for a large and diversified package of projects. The most prominent of these projects, is a huge, comprehensive, and touristic development valued at AED 2 billion, which will the largest project of its kind in the Emirate.
RAK Properties is one of the largest property developers in the region. The company is currently implementing an ambitious expansion plan to support its comprehensive portfolio of large-scale projects.
RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company established to implement the emirate’s plans to promote real estate, tourism and leisure facilities in RAK and invest in interesting projects. It is intended that its activities will encourage economic growth in the UAE in general and Ras Al Khaimah in particular. The company launched its first project, Julfar Towers – a 45-storied twin office and residential project at a cost of AED 500 million – in February 2006 followed by Mina Al Arab – spread over 43 million sq. feet at a cost of AED 10 Billion – in May 2006. It also launched RAK Tower in Abu Dhabi at Cityscape Dubai.