RAKAA Properties, one of the region’s preeminent real estate companies, has announced the selling of 70% of the Dynasty Tower and 55% of Falcon Crest Tower, two of the company’s signature projects situated in the prestigious Al Reem Island, Abu Dhabi.
Commenting on the occasion, Dr. Abdul-Rahman Al-Tasan, CEO of RAKAA Properties, said "the successful promotion of our projects through the gatherings we are participating in has helped draw in a huge interest in our properties and helped us sell around 70% of Dynasty Tower and 55% of Falcon Crest Tower in a record time ."
"The distinguished features of the two projects and the world-standards techniques used in their development, not to mention the convenient investment climate enjoyed by Abu Dhabi, now becoming the center of attention and admiration for businessmen and investors, are all factors that have helped secure considerable demand on our developments."
In the meantime, Dr Tasan has underscored the importance of the recent customs duty waiver on cement and steel, hailing it as a prudent decision from a man of vision.
"The decision is an expected move by a man with a unusually keen foresight. It is likely to further heat the already fierce competition in the property market and stimulate more growth. We still expect more such decisions that help check the burdening inflation."
The Marina Tulip Tower, the Dynasty Tower and the Falcon Crest Tower are all smart technology equipped and feature stunning views that overlook the sea and the island’s mangrove trees. The project also boasts swimming and gymnastics halls and gardens in each of its three towers.
The Dynasty Tower will be solely dedicated to residential purposes at a height of 29 storeys, where there will be 136 apartments ranging from one to four bedrooms and the Falcon Crest Tower boasts 24 floors allocated for residential purposes with limited retail spaces.
Abu Dhabi is witnessing a rapid economic growth that is encompassing all its economic sectors and urban developments, boasting a large share of the UAE construction and property market.
