InterContinental’s New Hotel further bolsters Residential Sales interest in Mina Al Arab, RAK

RAK Properties, one of the UAE’s leading property development and tourism infrastructure companies, gained a continued high level of sales in the first week of 2019, specifically at their luxurious apartment complex, Gateway Residence in Mina Al Arab.

RAK Properties offering at Gateway has been viewed in the market as highly appealing to buyers and has given a recent boost in sales, through the firm’s continued diligence in developing the most premium offerings in Mina Al Arab.

“RAK Properties pays a keen interest in its customers. We appreciate the trust and investment of our customers placed in us, so we do our utmost to develop to the highest standards. Our developments are not just for investors, they are for families and homeowners too. This is how we build our community. RAK Properties prides itself on our ethos of client care; so our customers know that when buying with us, they are making an informed, well thought out decision” said, RAK Properties CEO Samuel Dean Sidiqi.

InterContinental, the luxury hotel group and a globally recognised brand, are creating a stunning new resort in close proximity to the Gateway Residences. The hotel has been designed and developed to feature state of the art fixtures and facilities that exude opulence. Included as part of its features is a Spa and new international F&B offerings. InterContinental’s new hotel position is impacting positively on property prices in Mina Al Arab. The hotel under construction and its amenities is significantly increasing investment appetite and will bring enhanced foot-flow to the area.

The Gateway development is supplemented with impressive water views and interest from the proximity of the hotel. The RAK Properties sales team have produced a high level of apartment sales. The first phase of apartment sales at Gateway has sold out after release during Q4 of 2018. RAK’s second phase of apartments launched in the first week of 2019 and has again witnessed considerable sales once more, with the company anticipating all remaining units to sell out faster than the last quarter.

The surge in demands for apartments, further bolstered by the continual development of new landmarks such as InterContinental’s hotel, has attracted lifestyle buyers and investors from the UAE, KSA, UK, India and Russia. All are keen to invest as the new Gateway apartment project has limited units remaining and the project is designed for 21st Century living. Gateway offers homebuyers sublime apartments with water views, premium facilities and retail in an elegant surrounding; a property investor’s dream and the ideal family home.