DUBAI, 6 May 2006 — Mina Al-Arab, a AED 10 billion property project by RAK Properties, was a major draw at the just ended Arabian Travel Market (ATM).
“Many of our visitors have been serious investors,” said Mohammed Sultan Al-Qadi, managing director and CEO of RAK Properties (PJSC), a premier real estate development company of Ras Al-Khaimah.
Mina Al-Arab will occupy a total area of 30 million square feet spread over a beachfront strip and a group of islands. The project proposes the creation of integrated and diverse communities offering luxury residential and international standard tourism developments, coupled with world-class retail entertainment and waterside dining facilities, he said.
“A number of themed resort hotels and two eco-hotels will also be featured along the beautiful natural beaches of the islands that will provide an estimated 3,500 sumptuous rooms for tourists and visitors of the emirate, in addition to a cluster of 3,500 residential units, mainly bora bora hotel units and standard apartments to cater for the regional and international visitors,” Al-Qadi added.
