Rakaa Properties sells 85% of tower projects

zoom

Dr Abdul Rahman Al Tasan.

Rakaa Properties, the real estate arm of Saudi Rakaa Holdings, has announced the sale of 85 % of its US$208mn Dynasty Tower and Falcon Crest Tower projects in Al Reem Island, Abu Dhabi.

The 29-storey Dynasty Tower and the 24-floor Falcon Crest Tower will both be residential properties.

Dr Abdul Rahman Al Tasan, CEO of Rakaa Properties, said: "We were not surprised to see an audience of this size attend Rakaa Properties' projects.

Numerous developers and experts in the UAE property market confirmed that the mark left by Rakaa Properties in the real estate market is a distinguished one, a mark that will popularize smart building technology in all upcoming architectural projects in the region, especially with the call for environment-preserving and power-saving procedures."

Print | Email | Discuss this article

| Share |

READERS' COMMENTS

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic. Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Enter the words above *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM