RAK Properties to release Bermuda Villas' phase two

17/04/2016 07:23 AST

RAK Properties, Ras Al Khaimah's biggest property developer listed on the Abu Dhabi Stock Exchange, is all set to commence the release of phase two of its Bermuda Villas being developed under its flagship Mina Al Arab waterfront community.

The announcement comes as welcome news for investors and homeowners seeking spacious residences strategically located along Ras Al Khaimah's scenic beachfronts. Bermuda Villas was launched in 2014 and is set for completion by late-2016.

The residential complex will span 157 two- to six-bedroom villas and townhouses catering to the high standards of living embodied by the Mina Al Arab master development. Initial sales were a success, reflecting both the high demand for luxury housing in Ras Al Khaimah and the emirate's steady rise as a premier tourist and investment hub in the region. RAK Properties expects to sustain the momentum through its phase two offerings; show villa is now available for viewing.

Mohamed Sultan Al Qadi, managing director and CEO of RAK Properties, said: "The first batch of Bermuda Villas was warmly welcomed by investors. The development complements Ras Al Khaimah's focus on promoting its rich natural environment as well as enhancing its touristic and investment appeal. We invite investors and home seekers to explore what Bermuda Villas has to offer, particularly its emphasis on style, space and nature.


Khaleej Times

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