RAK s to Enhance Its Portfolio in UAE

RAK Properties; real estate developer in UAE optimistic about progress as it aims $136.1m in sales by the end of the year. RAK Properties is pointing towards Dh500 million (USD136.1m) in sales towards the end of 2021 and aims to initiate a number of housing projects by next year to enhance its property portfolio as it logs higher demand from consumers. Other developers involving Arada and Sobha Realty also declared strategies to start new projects due to higher demand from purchasers. Sobha is seeking to initiate a USD4bn master development at MBR City in Dubai in 2022, whereas Sharjah developer Arada is initiating five projects at its Aljada development in UAE in 2020.