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Ras Al Khaimah, the sixth largest city in the United Arab Emirates, has launched a new island destination, Raha Island, in Mina Al Arab, adding to the ongoing real estate boom, Gulf News reported.The project, supported by RAK. ....
RAK Properties Net Profit Rises 348% To AED120 Million In H1 2021 urdupoint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from urdupoint.com Daily Mail and Mail on Sunday newspapers.
Mina Al Arab is the company s flagship Dh10 billion development consisting of a pair of islands off the Ras Al Khaimah coast. A pair of new resort hotels – a 350-room Intercontinental and a 306-room Anantara property will open this year and next, respectively, the developer said. This will improve the overall revenue stream by providing recurring income once opened. The company expects to hand over the Marbella Villas project at Mina Al Arab containing 205 villas and townhouses, including some waterfront properties, this year. Its Julphar Residence project containing 266 apartments on Abu Dhabi s Reem Island is also due for handover in 2021, the company said. ....