Ras Al Khaimah – MENA Herald: RAK Properties PJSC, Ras Al Khaimah’s biggest property developer listed on the Abu Dhabi Stock Exchange, is looking to expand its reach in the Indian property investment market in the coming months. As part of its plans, the company will be in attendance at the International Real Estate Expo (IREX) in New Delhi from 7-9 October.
As India’s only dedicated international property show, IREX is expected to draw more than 5,000 visitors from across the region and further afield to the Ashok Convention Hall in the Ashok Hotel in India’s capital. Participating at IREX for the first time this year, RAK Properties will showcase its extensive UAE portfolio of residential and commercial developments, including two new projects which aim to attract future investment to Ras Al Khaimah.
“India has long been a key investor market for RAK Properties and in recent years we have recorded significant growth in sales from Indian buyers living inside and outside the UAE. Ras Al Khaimah and our projects in other emirates represent attractive propositions for stable investment and we look forward to promoting our recently announced projects during IREX,” RAK Properties Managing Director and CEO Mohammed Sultan Al Qadi said.
RAK Properties, which reported half-year revenues in excess of AED147 million for the first six months of 2016, will promote its new major development at Mina Al Arab and its Julphar Residence projects during IREX. The projects were announced during September’s Cityscape Global in Dubai.