Ras Al Khaimah, UAE, 9 May 2013: RAK Properties, Ras Al Khaimah’s biggest property developer listed on Abu Dhabi Stock Exchange, has launched sales packages for UAE residents allowing them full ownership of units in Mina Al Arab, Julfar Towers in the Emirate of Ras Al Khaimah.
The packages are split in two options: pay 25% of the total unit price and the rest in two-year installment, or pay 35% of the unit price and finalize the rest as installments over 3 years. These packages are offered for limited number of units in RAK Properties projects.
Rashed Sultan Al Khatri, Director of Marketing & Sales in RAK Properties said: “We are offering convenient payment packages to our customers to boost their investment revenues. Due to the customized sales and marketing strategy, we anticipate a significant increase in unit sales in the coming period.”
Al Khatri expect huge growth potential in the real-estate sector in Ras Al Khaimah and Northern Emirates, thanks to the well developed infrastructure and the transportation links to other parts of the country.
RAK Properties has developed leading real-estate projects in Ras Al Khaimah and Abu Dhabi, such as Julfar Towers, RAK Tower in Al Reem Island in Abu Dhabi and Mina Al Arab which is a project spread over a vast landscaped area and is increasing gathering interest as an ideal tourism destination.
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.