Monday, June 13, 2011

RAK Properties announces delivery of Julphar Tower units

RAK Properties, the Abu Dhabi-listed real estate development company, yesterday revealed that it has begun delivery of freehold commercial and residential units at Julphar Towers.

The project comprises two 43-storey towers, which are one of the tallest and most luxurious towers in RAK, offering a range of amenities. The residential tower features 349 apartments ranging from studios to four bedroom units, and duplexes on the upper floors, while the office tower features 468 state-of-the-art offices ranging various sizes to meet various work requirements.

The RAK Properties has offered a range of attractive incentives, all of which are in-line with the current situation in property market. Among the incentives offered are competitive rates, excellent infrastructure, a premier location, which can offer both horizontal and vertical space so as to accommodate both residential and commercial sectors, revealed Mohammed Sultan Al Qadi, Managing Director and CEO of RAK Properties.

Both the towers have been built on a three-storey podium that will offer food outlets and retail with stunning water views, which is due for completion in the coming months.

The towers also feature several high quality services that complement various personal and professional preferences. Given the free zone status of the tower, it offers the possibility to establish companies across various sectors. This makes it a more attractive option, with potential for great success, Al Qadi said.

RAK properties is all set to complete 2050 property units, including villas, apartments and offices within the Mina Al Arab project, and these will be delivered to clients during third quarter of this year. The company also plans to handover district 5 of Mina Al Arab, and the RAK Tower project in Abu Dhabi towards the end of this month.

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