Thursday, November 09, 2006

RAK Properties takes part in Extravaganza 2006

RAK Properties PJSC took part in Extravaganza, an exhibition of luxury products and services for members of the Moscow Elite. It took place at the Manege Exhibition Center in Moscow from October 26 to October 28, 2006.

RAK Properties benefited a lot from the exhibition. It answered many queries about investing in the property market in the emirate of Ras Al Khaimah. Mohamad Sultan Al Qadi, Managing Director of RAK Properties said, “There are many investors who are choosing to invest in UAE in general and RAK in particular; RAK is the upcoming place for real estate investment.”

Julfar Towers, a 43 storied twin office and residential towers was the company’s maiden project. It was worth AED 500 million and was completed in February 2006. The company’s second project was Mina Al Arab worth AED 10 Billion and was launched in May 2006.

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