RAK Properties handover in Abu Dhabi on schedule

18/07/2011 - Ras Al Khaimah Property News Posted by Neil King
RAK Properties handover in Abu Dhabi on schedule

The handover of RAK Tower, a new residential tower block in Marina Square on Al Reem Island in Abu Dhabi, is on track, it has been announced. A project by RAK Properties, which is based in Ras Al Khaimah, the building has been in high demand from buyers keen to live in the prime location.It has 43 storeys and 212 residential apartments and is one of the first projects to be completed on the island.The company has also reported high demand for residential and business units in the UAE over the first six months of the year compared to 2010, signifying a return to growth in the country's construction sector.Indeed, other properties by the company, including Julphar Towers in Ras Al Khaimah, are being handed over.Mohamed Sultan Al Qadi, managing director of RAK Properties, said: "With stability in demand, we believe that quality will make the big difference in the property sector."At RAK Properties we are acutely aware of this and that is why we adopt global best practices as far as quality is concerned."