emaar to build 2 million sq ft mixeduse projects in ras alkhaimah
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Emaar to build 2 million sq. ft. mixed-use projects in Ras al-Khaimah

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Emaar to build 2 million sq. ft. mixed-use projects in Ras al-Khaimah

Mohamed Alabbar
Ras al-Khaimah - WAM

Emaar Properties has signed an agreement to develop 2 million sq. ft. of mixed-use projects including high-end residential, hospitality and retail components on Al Marjan Island in Ras al-Khaimah.

The first man-made project in the emirate, Al Marjan Island has a development value of over US$1.8 billion, with 1,500 operational hotel keys and more than 2,000 residential units.

Emaar will pilot the first phase of its project, which will feature a five-star luxury hotel, serviced residences and a world-class retail precinct. Framed against the Yanas and Jais Mountains, the development is aimed to drive the growth of tourism, hospitality and the retails sector.

Mohamed Alabbar, Chairman of Emaar Properties, and Sheikh Khalid bin Saud Al Qasimi, Chairman of Al Marjan Island, signed the agreement.

Mohamed Alabbar said, "Through the agreement, we will create a new magnet for investments in the tourism, hospitality and retail sectors, supporting the vision of the government to boost the tourism sector and create jobs. Al Marjan Island has several unique features, including its spectacular location, which will appeal to investors from across the world. We will bring our proven competencies in hospitality, retail and mixed-use developments to this unique master-development."

Sheikh Khalid bin Saud Al Al Qasimi said, "This agreement demonstrates the evolution of Al Marjan Island as Ras al-Khaimah’s defining leisure and hospitality destination. Emaar’s projects will be a qualitative addition to Al Marjan Island’s vision to be positioned on the global map of tourism and investments. The hospitality and leisure developments will enhance the competitiveness of Al Marjan Island with a truly world-class infrastructure set in an exotic natural setting, creating short and long term value for all stakeholders."

Ahmad Al Matrooshi, Managing Director of Emaar Properties added, "The signing of the agreement is the result of discussions among the two entities over the past several months to finalise a clear vision and action plan. With this agreement, Emaar is marking its expansion to Ras al-Khaimah for the first time. The emirate has tremendous potential for tourism and retail growth, which we are leveraging through our developments. We will adhere to the highest standards of quality in the development of this project."

Architech Abdullah Al Abdooli, Managing Director, Al Marjan Island, said, "Al Marjan Island is a major property and tourism destination, and the agreement with Emaar marks the progress of this master-development. Our goal is to create world-class integrated lifestyle amenities that meet the needs of visitors in terms of accommodation, leisure, F&B and retail. Emaar is a leader in developing integrated master-planned developments, and this key project will definitely drive inward investments through its upcoming hotel, serviced residences and retail centres."

 

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

emaar to build 2 million sq ft mixeduse projects in ras alkhaimah emaar to build 2 million sq ft mixeduse projects in ras alkhaimah

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

emaar to build 2 million sq ft mixeduse projects in ras alkhaimah emaar to build 2 million sq ft mixeduse projects in ras alkhaimah

 



GMT 07:41 2011 Sunday ,14 August

Manchester United boss backs new generation

GMT 10:49 2013 Friday ,20 September

Apple buyers rue high price of new low cost iPhone

GMT 00:13 2017 Friday ,16 June

'Banker takes bribe to buy 'unwanted' shares'

GMT 21:47 2017 Saturday ,06 May

Emir Sends Cable of Condolences

GMT 13:26 2017 Tuesday ,24 October

SAGITTARIUS (November23rd-December21st)

GMT 22:39 2017 Monday ,20 November

NIHR welcomes UNICEF partnership

GMT 07:54 2017 Monday ,30 October

Young Muslims to drive $300 billion

GMT 06:15 2017 Saturday ,23 December

Tehran judiciary nixes hopes of swift release

GMT 14:57 2017 Wednesday ,22 November

Israel probes president's photo in Palestinian scarf

GMT 08:40 2017 Thursday ,02 March

Oculus looks to spur VR spread

GMT 23:31 2017 Saturday ,20 May

Syrian mother panic over son

GMT 12:29 2017 Wednesday ,08 March

Itsu launches into frozen food market
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice