Any one Hurt??Fantastic performance by Rak Properties last week, over all bulls are very aggressive and without any mercy. Bears are not seeing till the end of the ocean for now. We saw huge volumes in this stock and it was top traded stock in Fridays session. I think this rally is here to stay and dip is buying opportunity for now.
Real Estate Boom
With the real estate market booking in the UAE, Rak is launching some amazing properties are attractive prices which is driving FDI crazy. Their revenues are jumping with the fundamentals so promising.
China Effect
With slow housings in China, many Chinese investors have flocked into RAK and bought properties for investments pushing the demand higher. This trend is to continue for now till we see Yuan stabilizes.
Casino Effect
RAK is also launching first casino in the UAE which will attract millions and millions of people into RAK, this will boost the economy and bring RAK into center of attraction.
Conclusion
Real Estate to continue its boom and enjoy the flow from different parts of the world. This will flourish the economy and boost revenues of real estate companies.
