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Northern Emirates Projects in Ras al-Khaimah, Umm al-Quwain, and Fujairah

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Old September 10th, 2006, 03:19 PM   #21
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RAK Properties' Julfar Towers to be Cooled By Tabreed

RAK Properties, the leading real estate developer in the emirate of Ras Al Khaimah, has signed an agreement with the National Central Cooling Company (Tabreed) to provide cooling services with a capacity of 3,400 Tons of Refrigeration (TR) for its Julfar Towers mixed-use development.

Tabreed, the award-winning Middle East district cooling technology pioneer, will supply cooling for the prestigious Julfar Towers project from its Al Manar scheme.

"Julfar Towers is one of RAK Properties' premier projects in the region, aimed at developing the emirate of RAK into a primary tourist destination," said Mohammed Al Qadi, Managing Director, RAK Properties. "Aligning ourselves with Tabreed, the world's largest district cooling company proves that RAK Properties is proactive in its commitment to provide top notch developments for its projects, to match the spurt in the emirate's real estate sector."

Ras Al Khaimah is undergoing tremendous change, all of which is triggered by the emirate's Deputy Ruler & Crown Prince, HH Sheikh Saud bin Saqr Al Qasimi and led by the vision of HH Sheikh Saqr Bin Muhammad Al Qasimi, Ruler of Ras Al Khaimah.

The sudden boom in the real estate sector is being spearheaded by RAK Properties, with most of the premier projects being handled by it.

"With the signing of this agreement, RAK Properties has demonstrated its commitment to delivering environmentally-friendly technologies to its communities," said Tabreed's Chief Executive Officer, Dany Safi.

Tabreed employs the concept of district cooling which works by piping chilled water from a centralized plant to the buildings that require to be cooled. Designed to be more efficient than conventional air-conditioning, Tabreed's projects use either gas or electricity from the local grid to cool any site. This technology uses 40% less energy as compared to conventional cooling methods.

Landlords are attracted to the maintenance-free, economic and environmentally friendly cooling benefits of the technology, while tenants enjoy reduced ambient noise and better temperature control in their homes, making it the perfect solution for all cooling requirements.

The Julfar Towers consists of two 43-storey towers, one residential, which has 349 apartments and one office, which has 468 offices, on the same podium.
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Old May 22nd, 2008, 05:58 PM   #22
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RAK Properties completes three-level podium and utility networks at Julfar Towers

RAK Properties (PJSC), the most prominent property developer in Ras Al Khaimah today announced at the 2nd Ras Al Khaimah Real Estate and Investment Show, the completion of all construction works of the three-level podium and utility networks of its Julfar Towers.

Julfar Towers.

Construction works of the twin tower project is on course with the residential tower now standing at 30 floors and the office tower at 28 floors.

The Dhs500m Julfar Towers comprises two 43-storey towers – the residential tower having 349 apartments and the office tower consisting 468 units - built over a three-level podium.

The podium will house an advanced business centre, retail and food outlets. It will also be the nerve centre for the common facilities and utilities

'The completion of the podium and utility networks is a milestone in the construction of Julfar Towers. We are pleased with the way work is progressing and in this pace we will be able to complete the project by next year, which eventually will help us hand over of the units in time,' said Mohamed Sultan Al Qadi, Managing Director & CEO of RAK Properties.

Julfar Towers is centrally located in Ras Al Khaimah with the adjacent creek, mangroves, and a mountainous backdrop offering a stunning view from both the towers.

The development is also a few minutes away from the Manar Mall, Hilton Hotel, beaches and the golf club. In addition, Investors in the Julfar Business Tower stand to enjoy the benefits of 100% foreign ownership.

RAK Properties is also developing two other projects – the Dhs10bn Mina Al Arab in Ras Al Khaimah and the Dhs300m RAK Tower in Abu Dhabi.

Mina Al Arab is a mixed-use development spread over 30 million square feet on Ras Al Khaimah’s beachfront, with its wetlands, waterways, resort hotels and residences epitomising the RAK Properties motto of 'Living closer to nature’.

The 43-storey RAK Tower is a residential project located within the prestigious Marina Square development in Al Reem Island, Abu Dhabi.

RAK Properties is sponsoring the 2nd Ras Al Khaimah Real Estate and Investment Show (RAK REIS) that brings together the region's leading developers, contractors and real estate companies. The show is being held at the Ras Al Khaimah Exhibition Centre from May 22 to 24, 2008.
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