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Emaar plans its first real estate project in Ras Al Khaimah

UAE - December 22, 2016

Emaar properties has announced it plans to enter Ras Al Khaimah with an investment project.

The project, located on Al Marjan Island, will occupy an area of 2 million square feet.

It is a hospitality, retail, and residential development.

It will include a five-star luxury hotel and serviced residences.

In addition to a high-end retail precinct in its first phase.

The project will also serve as part of Ras Al Khaimah’s initiative to boost tourism.

The emirate plans to reach 3 million tourists by 2025.

Sheikh Khalid Bin Saud Al Qasimi, chairman of Al Marjan Island said:“This agreement demonstrates the evolution of Al Marjan Island as Ras Al Khaimah’s defining leisure and hospitality destinations.”

“Emaar’s projects will be a qualitative addition to Al Marjan Island’s vision to be positioned in the global map of tourism and investments,” he added.

Mohamed Alabbar, chairman of Emaar Properties, said: “Al Marjan Island is a spectacular development that will add incredible value to Ras Al Khaimah, which has tremendous potential for growth.”

Al Marjan Island is Ras Al Khaimah’s first man-made project.

It has a development value of more than $1.8 billion.

Furthermore, the island currently has 1,500 operational hotel keys.

As well as more than 2,000 residential units.



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