09 October 2016
Property developer to promote latest projects during New Delhi's International Real Estate Expo (IREX)

Ras Al Khaimah, UAE: RAK Properties PJSC, Ras Al Khaimah's biggest property developer listed on the Abu Dhabi Stock Exchange, is looking to expand its reach in the Indian property investment market in the coming months. As part of its plans, the company will be in attendance at the International Real Estate Expo (IREX) in New Delhi from 7-9 October.

As India’s only dedicated international property show, IREX is expected to draw more than 5,000 visitors from across the region and further afield to the Ashok Convention Hall in the Ashok Hotel in India’s capital. Participating at IREX for the first time this year, RAK Properties will showcase its extensive UAE portfolio of residential and commercial developments, including two new projects which aim to attract future investment to Ras Al Khaimah.

“India has long been a key investor market for RAK Properties and in recent years we have recorded significant growth in sales from Indian buyers living inside and outside the UAE. Ras Al Khaimah and our projects in other emirates represent attractive propositions for stable investment and we look forward to promoting our recently announced projects during IREX,” RAK Properties Managing Director and CEO Mohammed Sultan Al Qadi said.

RAK Properties, which reported half-year revenues in excess of AED147 million for the first six months of 2016, will promote its new major development at Mina Al Arab and its Julphar Residence projects during IREX. The projects were announced during September’s Cityscape Global in Dubai.

-Ends-

About
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 successfully delivered its first project with the delivery of RAK Tower. This was followed by Julphar Towers – a 45-storied twin office and residential project at a cost of AED 500 million in February 2006. The exclusive waterfront living project Mina Al Arab – spread over 43 million sq. feet at a cost of AED 10 Billion – was launched in May 2006.

In addition the company utilised Cityscape Dubai to launch the prestigious development Julphar Residence, an exclusive address of luxury apartments. Also announced was Mina Al Arab Island- the new social hub for Ras Al Khaimah, with an estimated cost of AED 5 billion.

For more information, please visit www.rakproperties.net

Press contacts:
The MCS Action PR team
Peter Redding/ Samer El Zein/ Parisa Bukhowa
+971 (4) 390 2960
peter.r@actionprgroup.com / samer.z@actionprgroup.com / parisa.b@actionprgroup.com  

© Press Release 2016