RAK Properties starts Flamingo Villas second phase
First phase of the residential project will be ready for handover by the end of 2015, company says
RAK Properties, a UAE based property developer listed on Abu Dhabi’s stock exchange, launched the second phase of its Flamingo Villas project at Mina Al Arab in Ras Al Khaimah on Tuesday (26 May, 2015).
Construction of the first phase of Flamingo Villas has progressed as scheduled, the company said in a press release, adding handover is due by the end of 2015. The second phase of the project comprises 57 two- and three-bedroom villas, and villa mock-ups for public viewing have been opened for the public.
Commenting on the developments, Mohammed Sultan Al Qadi, managing director and CEO of RAK Properties said: "By the end of this year, we hope to hand over the keys to the owners of villas from the first phase of Flamingo Villas, and we are excited to launch the second phase of this project.
“Residents will enjoy arrays of amenities since it is an integral part of the Mina Al Arab development,” Al Qadi added.
The eventual residents of the second phase of Flamingo Villas will have access to amenities connected to the project’s first phase, including a central park with children's play area, swimming pools, and tennis courts.
Earlier this week, RAK Properties announced it has awarded a contract for the construction of phase 1 of its lifestyle marina at Mina Al Arab.
The marina, which will be located at the centre of the Lagoon Walk, is aimed at providing long-term berthing for recreational vessels that span up to 25m in length. Construction work for the marina will be carried out by Majestic Jetties & Marinas, a UAE-based engineering firm specialising in the construction of marinas, slipways and so on.
When complete in the fourth quarter of 2015, the marina aims to further boost the appeal of Mina Al Arab, a mixed-use development along the coastline of Ras Al Khaimah being developed by RAK Properties.