His Excellency Abdulaziz Abdullah Al Zaabi, President of Rak Properties, said that the creation of the Cityscape 2021 exhibition at Expo 2020 Dubai

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Ras Al Khaimah, 09 Nov 2021

His Excellency Abdulaziz Abdullah Al Zaabi, President of RAK Properties, assured that the creation of the Cityscape 2021 exhibition at Expo 2020 Dubai, places the local real estate sector at the center of the world’s attention. In addition, it gives real estate developers access to the full group of investors and visitors attending the largest exhibition organized by the UAE to date.

His Excellency underlined that RAK Properties, driven by continuous profit growth, is on the eve of a qualitative leap in its projects. It recorded a 383% increase in net profits in the third quarter of this year.

RAK Properties is currently building two five-star hotel projects, with the 351-room Intercontinental Mina Al Arab Hotel and Resort slated to start operations in the first quarter of 2022, followed by the opening of the Anantara. Mina Al Arab Hotel and Resort in 2023. In addition, the developer will soon begin handing over residential projects at Hayat Island to RAK and Al Reem Island in Abu Dhabi, respectively.

Al Zaabi said the company will be one of the first real estate developers to benefit from the growing global interest in real estate in the UAE, especially in light of its trend of launching distinctive projects aimed at improving tourism, in the hotel industry. RAK Properties is also highly regarded for its residential and commercial projects. All this will help improve the company’s income and increase the added value offered to investors by the company and its projects.

Disclaimer

RAK PJSC Properties published this content on November 09, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 09 November 2021 21:05:53 UTC.


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