Leading developer of residential and commercial properties in Ras Al Khaimah, MR Properties, has unveiled plans for a new four-star property on Al Marjan Island.
The new property will mark the company’s second venture on the island, and is reportedly valued at $109 million.
Scheduled to open its doors in the Q4 of 2019, the hotel will span an area of 10,886m2 and will house 500 rooms.
Boasting a stunning beachfront location, the property will feature top notch facilities such as a 1000m2 pool, four dining outlets, a children’s club, health club and water sports facilities. A special feature will include an observation deck offering panoramic vistas of the island.
Chairman, MR Properties, Mohammed Ruqait commented on the stunning project: “It is an honour to mark the expansion of our portfolio at Al Marjan Island. Our first development, DoubleTree by Hilton has spelt major success for the island and Ras Al Khaimah and we are confident that with the development of this second hotel, Al Marjan Island will appeal to visitors from across the world.”
He continued: “Al Marjan Island has its roots in the region; as such it was our first choice for the development of our second property. This new property will not only help Al Marjan Island deliver excellent hospitality, but also support Ras Al Khaimah to promote and increase tourist visitors.”
Al Marjan Island is a cluster of four islands in the upscale area of Ras Al Khaimah. Equipped with unique opportunities for investors and residents, the island has proven to be one of the biggest and most promising drivers for Ras Al Khaimah’s economic growth.