GRISUMMIT - Global Real Estate Institute

Rakeen – an Arabic word that means ‘central pillar’ or ‘trustworthy support’ – commenced
operations in April 2006, in a royal decree by His Highness Sheikh Saud Bin Saqr Al Qasimi,
Crown Prince and Deputy Ruler of Ras Al Khaimah, as the land master-planner and developer
to be responsible for RAK’s property development.
Rakeen a significant number of ambitious developments underway for Ras Al Khaimah
– from man-made islands to offshore financial districts and from spa resorts to new urban
developments.
Dr. Khater Massaad
Dr. Khater Massaad
Executive Chairman
kmoffice@rakceram.com
Dr Imad Haffar
Chief operating Officer
i.haffar@rakeen.com
Dr Imad Haffar
Rakeen
PO Box 6374, Ras Al Khaimah,
UAE
T: +971 7 244 6562
F: +971 7 244 6561
www.rakeen.com
Rakeen has a diversified international development portfolio and has been investing robustly
in emerging markets around the region. As a guiding principle, every project that we embark
on is founded on the belief that we have an overriding responsibility to preserve the heritage
and social values of the people as well as the beauty of our countryside, and the environment
at large.
Rakeen is committed to designing and building structures which are sympathetic to their
surroundings and which preserve or add to the natural habitat wherever possible.
Rakeens core values are Sustainability, Responsibility and Prosperity.
Sustainability
Not every idea survives the test of time. At Rakeen, we study projects meticulously to ensure
financial viability and future prosperity before we start drawing plans.
State-of-the-art construction methods and durable materials are used in all our developments
for longevity of our constructions. In addition, we keep production costs down without lowering
the standard of services, making the properties more accessible for the developer, manager
and the end-consumer.
Responsibility
Rakeen uses all necessary precautionary measures to ensure the preservation and
enrichment of social and cultural values, fortification of heritage legacies and protection of
the environment. We do not build at the cost of the environment.
From a developers and end-user perspective, we fulfill our responsibility by providing all
amenities and making sure all infrastructural requirements are considered prior to the
commencement of projects.
Prosperity
Financial success is a strong motivating factor behind all Rakeen endeavors. Its not just
Rakeen’s prosperity under consideration. We strive to create challenging and rewarding
prospects for the people of RAK by encouraging their involvement, consultation and
participation at all times.