2014-09-22

UAE, September 22, 2014 – RAK Properties PJSC, Ras Al Khaimah’s one of the biggest property developer listed on the Abu Dhabi Stock Exchange, received an overwhelming response from interested investors and buyers during its participation at 2014 Cityscape Global, the prime location for real estate investment. The annual international real estate event will run until September 23, 2014 at the Dubai World Trade Center (DWTC). RAK Properties is showcasing Bermuda Villas, its latest upscale residential community located in the company’s luxurious master development, Mina Al Arab, a premium waterfront community in the emirate of Ras Al Khaimah.

Mohammed Sultan Al Qadi, Managing Director and CEO, RAK Properties, said: “We are elated by the tremendous response received by our residential project – Bermuda Villas – from visitors who are looking for lucrative investment opportunities in Ras Al Khaimah’s residential segment. We have received several enquiries from regional as well as international investors who have shown keen interest in the details of the project which features 2- to 6-bedroom villas. RAK Properties has also received enquiries for leasing and investment opportunities in its available retail units. Cityscape Global is a perfect platform to highlight the strategic advantages of investing in a luxury residential project such as Bermuda Villas to potential clients.”

Bermuda Villas consist of 157 2-6 bedroom units. The development will offer owners with a spectacular sea view along with a wide range of amenities such as separate swimming pools for adults and children, kids’ play area, a multipurpose sport court and wider green turf areas. The project falls in line with the high standard of living in Mina Al Arab and clearly reflects the RAK Properties motto of ‘Living Closer to Nature.’ The RAK Properties pavilion at Cityscape Global 2014 is located at Stand No. 5C20 at the DWTC.

Editors Note:

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