Marine works complete at Mina Al Arab
Ras Al Khaimah, February 19, 2008
RAK Properties has completed the land filling and marine work at the Dh10-billion (Dh2.72bn) Mina Al Arab development.
The project is a mixed use development complete with waterways, wetlands, resort hotels and residences spread over an area of 30 million square feet on Ras Al Khaimah’s beachfront, the developer said in a statement.
“We are happy that the development works at Mina Al Arab are proceeding to plan. With works currently going on in full swing, we will be able to complete the various phases of the project as per schedule and meet the time lines set for hand over,” said RAK Properties Managing Director & CEO Mohammed Sultan Al Qadi.
“Mina Al Arab underlines RAK Properties theme of “living closer to nature” as the project envisages the creation of integrated and diverse communities built around a natural habitat. At the same time, Mina Al Arab also offers a complete experience with its luxury residential and world class tourism developments, retail components and waterside dining facilities. It’s a lifestyle that the region has not yet seen,” said Al Qadi.
Composed of a beachfront strip and a group of islands, Mina Al Arab will have themed resort hotels and two eco-hotels that will add an estimated 3,500 sumptuous rooms for tourists and visitors. In addition, there will be a cluster of 3,500 residential units, mainly bora bora hotel units, and standard apartments, the developer said.
RAK Properties is also developing two other projects – the Dh500 million Julfar Towers in Ras Al Khaimah and the Dh300 million RAK towers in Abu Dhabi – along with Mina Al Arab.
RAK Properties participated at the International Property Show, the biggest transactional property exhibition in the region, held at the Dubai International Exhibition Centre from February 17 to 19. – TradeArabia News Service