December 24th, 2016 by Own A Space
A five-star luxury hotel with serviced residence and a retail precinct on Al Marjan Island in Ras Al Khaimah will be developed by Emaar properties. It is a cluster of 4 islands. It also marks the Dubai-based developer’s first foray in the north emirate.
Picture Courtesy: doubletree3.hilton.com
Sheikh Khalid bin Saud Al Qasimi, chairman of Al Marjan Island and Mohammed Alabbar, chairman of Emaar properties signed the agreement. Emma is ready to construct 2 million sq ft project on the island.
Al Marjan Island has a growth value of over 1.8 billion with 1,500 operational hotel keys with more than 2000 residential units. The cluster of 4 island names is Breeze, Dream, View and Treasure. Breeze Island is already home to three hotels- Rixos Bab, Double Tree, Al Bahr and Marjan Island resort and spa.
This agreement displays the evolution of Al Marjan Island as Ras Al Khaimah’s leisure and hospitality place. Emmar’s project will be qualitative addition to Al Marjan Island’s view to be placed in the global map of tourism and investments.
Picture Courtesy: www.hoteliermiddleeast.com
Alabbar says that Al Marjan Island is an amazing development which will add an incredible value to Ras Al Khaimah, which has abundant potential for growth. They also said that they will create an allurement so that investments come pouring in from the tourism, hospitality and retail sectors supporting the vision of the government in order to boost the sectors and create jobs. The island has various different features involving spectacular locations, appealing to visitors around the world. It will also bring out the competencies in hospitality, retail and mixed use developments to this master developments.
Picture Courtesy: www.khaleejtimes.com
MD of Al Marjan Island, Abdullah Al Abdooli said that their goal is to create world class integrated lifestyle facilities which meet the visitor’s needs with regard to their accommodation, leisure, retail and F&B. Emmar is a leader in the growth of master planned developments and this main project will induce the investment input through its upcoming hotel, serviced residences and retail centers.
According to Ahmad Al Matrooshi, MD of Emmar properties, with this agreement Emmar will mark its expansion to Ras Al Khaimah for the very first time. The emirate has a lot of potential for tourism and retail growth which they are leveraging through their developments.
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