Rakeen – an Arabic word that means ‘central pillar’ or ‘trustworthy support’ – commenced operations on 19th 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 – to facilitate the emirate’s transition to an international commercial capital and cultural landmark.

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

Projects

Isfahan - Mixed Use Complex

The project which will be completed in 2010 entails the creation of a landmark development in Isfahan, Iran.
Having a land of over 103,672m² and situated near the business area, it will be built in two phases. The initial phase includes a shopping mall with a total area of 144,235m². The mall will consist retail shops, restaurants/cafés, hypermarket, food court, an Imax cinema and an amusement park.
Additionally, a 25-storey 7-star luxury hotel with an area of 51,275 m² will be located over the mall, which will incorporate restaurants and sport facilities for the 500 rooms. The complex will also include an office tower, a 3-star hotel and an exhibition centre.
The project is unique and aimed at giving the people of Isfahan an environment that will become a premier destination for work, shopping and entertainment .