Rakeen, Rakia launch investment package
Dubai, August 4, 2009
Rakeen, one of the region's most dynamic property developers and master planners, has partnered with Ras Al Khaimah Investment Authority (Rakia) to establish RAK Business Invest.
The pioneering initiative offers foreigners as well as UAE residents an unprecedented opportunity to invest in the UAE and own a luxurious residential unit through a single transaction.
RAK Business Invest is an all-in-one investment package inclusive of an office space, a residential unit, simplified visa processing procedures and a wide range of value-added business and lifestyle benefits.
Overseas investors who avail of the package may choose from a selection of commercial amenities including furnished office space, commercial space, retail space, land, warehouse, cold storage or serviced apartments. They are also entitled to acquire well-appointed studio, one-bedroom, two-bedroom or three-bedroom beachfront residential units at Bab Al Bahr, the centrepiece development of Al Marjan Island, the first man-made island in Ras Al Khaimah.
'We are creating a new and more attractive gateway for foreigners to expedite and gain greater value for their investment initiatives in the UAE,' said Wahid Attalla, executive director, Rakeen.
'RAK Business Invest enables investors to enjoy a wide range of economic benefits as well as value-added incentives such as an integrated point of contact to facilitate both their commercial and residential requirements.'
'We will conduct dedicated road shows and hold one-on-one meetings with high net-worth individuals and leading business and investment figures in various countries. We have likewise established a dedicated sales team that will attend to all requirements of investors availing of the RAK Business Invest package,' added Jeremy Savory, commercial director, Rakeen.
Those who avail of RAK Business Invest will continue to enjoy the emirate's free-zone and non-free-zone benefits and strategic business advantages that include tax exemption, minimal proof of capital, low-cost trade, excellent infrastructure, reduced bureaucracy and a highly centralised business location.
The emirate was recently recognised as the most attractive destination for foreign direct investment by fDi Magazine / Financial Times, while the Ras Al Khaimah Government has obtained an 'A' rating with stable outlook from rating agencies companies Fitch and Standard & Poor.-TradeArabia News Service