During its participation in Cityscape Global, RAK Properties revealed that the prices of villas range from AED 1.8 million up to AED 8 million, while the prices of apartments start from AED 600,000 up to AED 2 million depending on the area.»

During its participation in Cityscape Global, RAK Properties revealed that the prices of villas range from AED 1.8 million up to AED 8 million.

On the sidelines of the exhibition, Mohammed Sultan Al Qadi, Managing Director and CEO of RAK Properties, announced that RAK Properties has completed 45% of the Mina Al Arab project in Ras Al Khaimah, with a total area of one million square feet and a total value of AED 10 billion.

On the sidelines of the exhibition.

Qadi added that the company has started implementing a package of development projects, most notably the «Mina Al Arab» project, pointing out that the infrastructure of this project is complete, including bridges and streets, and that the completion rate of this huge project reached 45%, including 20 residential buildings consisting of 5-7 floors, all of which overlook the lake that was created for this project, as well as the completion of 800 residential villas and 212 villas under construction, in addition to the construction of a hotel (Anantara) expected to be fully completed in 2018.

Qadi said that the availability of several factors in Ras Al Khaimah makes it eligible and incubator for such quality projects as an emirate characterized by the diversity of its natural terrain that contains sandy, agricultural and mountainous areas, as well as the ease of ownership system procedures for all nationalities as it allows freehold ownership.

Qadi said.

He added, "The second phase of the project is estimated at a total cost of five billion dirhams, which will be launched soon, explaining that it includes 2000 apartments of different sizes, 170 villas, 2000 hotel rooms of 4 and 5 stars, in addition to a number of commercial facilities to be completed and a shopping center that includes a number of international brands, which will be the largest shopping center in the emirate."

He added.

Al Qadi pointed out that the company's previous projects included the completion of Galfar Residential Towers in Ras Al Khaimah, which consists of two twin towers, each of which is 45 floors tall, along with recreational and service facilities such as swimming pools, gyms and others."

Al Qadi pointed out that the company's previous projects consisted of the completion of Galfar Residential Towers in Ras Al Khaimah.

The managing director said that the company is seeking to establish two other towers in Abu Dhabi, one in Al Reem Island and the other in Mohammed bin Zayed City, while in Dubai, a building will be established near Al Maktoum International Airport.

And in Dubai, a building will be established near Al Maktoum International Airport.