RAK Properties yesterday said all construction works of the three-level podium and utility networks of its Julfar Towers are complete. The residential tower now stands at 30 floors and the office tower at 28 floors.
The Dh500 million 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 and Chief Executive of RAK Properties.
Julfar Towers is located in Ras Al Khaimah with the adjacent creek, mangroves, and a mountainous backdrop offering stunning views from both towers. RAK Properties is also developing two other projects – the Dh10bn Mina Al Arab in Ras Al Khaimah and the Dh300m 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. 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 second Ras Al Khaimah Real Estate and Investment Show that is now being held at the Ras Al Khaimah Exhibition Centre until Saturday.