2014-09-18

UAE, September 18, 2014 – RAK Properties PJSC, Ras Al Khaimah’s (RAK) biggest property developer listed on the Abu Dhabi Stock Exchange, will showcase their latest residential offering, Bermuda Villas, during their participation at this year’s edition of Cityscape Global 2014, the prime location for real estate investment, which will be held from September 21 to September 23, 2014 at the Dubai World Trade Centre (DWTC).

The Bermuda Villas are part of the company’s master development project, Mina Al Arab, a premium waterfront community in RAK where lush landscaping, protected coastal wetlands and natural pristine beaches come together with homes, hotels and world-class amenities to shape a vacation experience that you would be delighted to call home. Bermuda Villas will be composed of 157 units—ranging between 2-6 bedrooms. The development will offer owners with a spectacular sea view of the RAK coastline along with a wide range of amenities like separate swimming pools for adults and children, kids’ play area, a multipurpose sport court and wider green turf areas. Moreover, the company will be promoting retail opportunities for leasing and investment at its available units.

Mohammed Sultan Al Qadi, Managing Director and CEO, RAK Properties, said, “We are very excited with our coming participation at this year’s Cityscape Global where we will be showcasing our latest development project—Bermuda Villas. This latest project is aimed at reinforcing Ras Al Khaimah’s move to position itself as a prime residential haven for the UAE and the rest of the region. The Bermuda Villas not only demonstrates the high standard of living that we wish to promote for our Mina Al Arab master development project but it also reflects our company’s motto, ‘Living closer to nature.’

The RAK Properties stand will be located at Stand No. 5C20  at DWTC.

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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