News Entries Tagged 'RAK Property'

Ras Al Khaimah hits record 1m visitors

Posted On Tuesday, 8th January 2013

Ras Al Khaimah hits record 1m visitors 45.7% increase in the number of visitors compared to 2011


RAK To Open Two Key Hotels In 2013

Posted On Tuesday, 8th January 2013

RAK To Open Two Key Hotels In 2013, Eyes More Tourists The 632-room resort Rixos Bab Al Bahr will be joined by the 349-room Waldorf Astoria Ras Al Khaimah. December 24, 2012 The 632-room resort Rixos Bab Al Bahr.


Investment Activity doubles at Al Marjan Island

Posted On Tuesday, 8th January 2013

Investment Activity doubles at Al Marjan Island Ras Al Khaimah: Al Marjan Island Company Managing Director Mr Abdullah Al Abdooli has unveiled that the sales and investment activity at Al Marjan Island doubled in January 2015, compared to that in January 2014. According to a news source, Mr Al Abdooli has attributed investment growth at Al Marjan Island to the long-term vision of Ras Al Khaimah Government. According to him, the project offers various opportunities to the hotels and related concerns because the island witnesses a massive footfall of tourists. Real estate experts believe that the demand for properties in the freehold areas of Ras Al Khaimah is increasing with bolstering interest of international investors. Mr Al Abdooli told reporters that the investors could gauge potential of investment at Al Marjan Island. Increased investment in this project indicated rising demand for luxury hotels, which could also portray the fact that the investors were closely monitoring the real estate market of the United Arab Emirates. Al Marjan Island is located at a 27-kilometre distance from the metropolis. Featuring four coral-shaped islands, the project comprises hotels, villas, shopping centres and sports facilities. The project spans 2.7 million square metres and is located at a distance of 4.5 kilometres from the beach.