Tag Archives: Marjan island development

Dubai Investments has signed an agreement with Marjan – the master-developer of freehold properties in Ras Al Khaimah, to acquire land to develop a dynamic mixed-use beachfront residential, beach resort and lifestyle destination on Al Marjan Island with stunning views of the Arabian Gulf, providing a new paradigm for Ras Al Khaimah and the region worth of AED 1 billion. The agreement was signed by Khalid Bin Kalban, Vice Chairman & CEO, Dubai Investments and Eng. Abdulla Al Abdooli, CEO of Marjan. Epitomizing a masterful orchestration of contemporary elegance with simple and subtle sophistication, the project is designed to provide a perfect amalgamation of hospitality, and residential elements inclusive of a beachfront resort, beachfront serviced apartments and beachfront villas plus, waterfront residential buildings, retail & F&B components along with other recreational facilities. “Dubai Investments is excited about this new venture as we believe Ras Al Khaimah (RAK) is fast gaining traction as a hub for tourism in the region with the emirate’s government channelizing resources and investing in a range of wellness initiatives to leverage its natural assets. Catering to the growing demand for such projects in Ras Al Khaimah and in line with strengthening Dubai Investment’s real estate portfolio with the addition of more high-end hospitality projects, the Company is optimistic this new project will further accentuate the well-being appeal, providing a comfortable lifestyle seamlessly integrated with nature”, said Khalid Bin Kalban, Vice Chairman and CEO, Dubai Investments PJSC. “Al Marjan Island has become a preferred hub for visitors and investors from around the globe and we are looking forward to expanding our offering through world-class projects such as the one being developed by Dubai Investments. This will further …

Read More »