Tabakhmela

Tabakhmela (Georgian: ტაბახმელა) (Dry Lake - Tba-Lake, Khmeli-dry) is a village in the Kartli region, overlooking the city of Tbilisi, Georgia.

The village is also home to several traditional religious festivals throughout a year, particularly Tamaroba (local celebration of St. King Tamaras day, May 14).

The real estate developer Rakeen, owned by RAK Airways, RAK Properties, and Reyada Company (owned by the sheikh's family), pledged to develop the 200,000 square meter plateau into a luxury residential and commercial neighborhood, dubbed Tbilisi heights.

At the time, the impact of the Dubai financial crisis of November 2009 had obliged Ras Al Khaimah to make serious efforts to reduce its 5 billion AED debts.

This was necessary in order to maintain control over spiraling borrowing costs, since the relatively poor emirate finances investments by raising funds on financial markets.