Faisal Holding announces the launch of Rakayez Properties as the Real Estate Subsidiary of the group in the UAE

19 Jan 2021

Dubai, United Arab Emirates, 2021: Faisal Holding, the pioneering investment holding company with an unmatched presence in the Middle East, has announced the launch of its real estate subsidiary - Rakayez Properties. Although operational since 2018, Rakayez Properties has been officially launched only recently to cater to the varied needs and requirements in the commercial, residential, retail and industrial sectors across the UAE. Rakayez Properties specializes in providing distinct properties that strike a perfect balance between comfort, practicality and affordability.

Following its launch as the real estate arm of Faisal Holdings, Rakayez Properties has launched three new properties - Al Furjan and DIC located in Dubai, and The Crescent located in Abu Dhabi. All three properties, that fall under the Rakayez portfolio as its first, feature a collection of premium high-quality studio, one, two, and three-bedroom residential units that are designed to provide exceptional lifestyles, complete with all the necessary amenities and modern conveniences.

Rakayez Properties is a reputed property management company focused towards enriching the lives of the people of the UAE with a diversified portfolio of residential, retail, industrial and commercial opportunities. It is committed to providing residents with an unparalleled lifestyle by addressing all their needs and desires, developing properties in strategic locations, and making modern luxuries a part of everyday life.

Backed by a team of highly skilled professionals and a host of innovative technology in real estate, Rakayez Properties makes an entry into the real estate industry with solutions and services that are centered around the customers, ensuring every resident, tenant and investor satisfaction levels that exceed their expectations.

Sharing thoughts about the launch and the overall progress of Rakayez Properties, H.E. Sheikh Mohammed bin Faisal bin Sultan Al Qassimi, Managing Director of Faisal Holdings and Rakayez Properties, said: "Rakayez Properties was born out of a lasting vision to provide living spaces that are distinct, practical and affordable at the same time. The launch of our first three new premium residential projects that redefine pragmatic living is a testament to our ability and commitment to providing properties that enrich lives.”

About Faisal Holding LLC:

Faisal Holding LLC was established by H.E. Sheikh Faisal bin Sultan bin Salem Al Qassimi, in Sharjah, and as a step to consolidate the various business that originated in 1975.

Coupled with its specialization in construction related developments and large-scale projects along with its keen understanding of the global market, over the years, Faisal Holding LLC has expanded into property and real estate management, investments, retail, hospitality, integrated marketing services, and the healthcare sector.

The pioneering investment holding company has a widespread presence within the Middle East. Faisal Holding LLC prides itself on their culture of integrity, sustainability, innovation, and value creation.

The subsidiaries of Faisal Holding LLC are Faisal Holding Investments, Faisal Holding Hotels, HMH - Hospitality Management Holdings, Toyworld Distributor LLC, MPJ – Marketing Pro-Junction, Rakayez Properties and Tadrib. Furthermore, the associate companies of Faisal Holding LLC include GIBCA, REEF Real Estate Investment Company LLC, RSO, and Grand Stores LLC.

Faisal Holding also has a joint venture with Asisa Group named True Smile Works Dental Network LLC where jointly a network of dental clinics will be operated across the UAE named True Smile Works Dental Network.

For more information about Faisal Holding, please visit www.faisalholding.com

About Rakayez Properties

Rakayez Properties, based in the United Arab Emirates, is a subsidiary of the pioneering investment company Faisal Holding which has a legacy of over 40 years of property development throughout the UAE.

Rakayez Properties aims to expand on the legacy of Faisal Holding and further build places that enrich people’s everyday lives through expanding the diversified portfolio of residential, retail, hospitality and commercial opportunities. Rakayez was launched in 2020 across the UAE.

Quality properties for everyday life.

For more information about Rakayez properties visit rakayez.com

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