Ras Al Khaimah’s upscale resort destination, Al Marjan Island, is shedding light on the many investment opportunities within the flagship development, as well as in the emirate, at the currently running International Hotel Investment Forum in Berlin, which kicked off on March 5 and concludes on March 7, 2018.
Last year, Ras Al Khaimah witnessed a record 19 per cent jump in tourist arrivals on 2016’s figures, with German, Russian, UK and Indian markets bringing forth the most tourists. Hotel occupancy rates also increased in 2017 to 73.6 per cent, with the average length of stay rising by 2.71 per cent to 3.41 days.
A patron of the International Hotel Investment Forum, Al Marjan Island is shedding light on the evolution of the master-planned destination, which is home to beachside resorts, branded and non-branded residences and numerous leisure attractions. Adding to this, development plans and expansion are also being touched upon during the Forum, which is expected to welcome more than 2,000 senior hospitality investors and professionals from over 80 countries.
International investors are able to purchase land plots with development rights at Al Marjan Island. The infrastructure for the land is already developed under a plug-and-play model, and the majority of the plots are designated for residential units, boutique hotels, resort hotels, community facilities and retail.
CEO, Al Marjan Island, Eng. Abdullah Al Abdooli remarked: “One of the increasingly sought-after hospitality destinations in the UAE, Al Marjan Island is a vibrant tourism and lifestyle development that offers tremendous value for investors. Through our participation at the International Hotel Investment Forum in Berlin, we are putting the spotlight on the high-value investment opportunities for European and international investors within Al Marjan Island and in Ras Al Khaimah. They will be part of one of the fastest-growing tourist and hospitality hubs in the Middle East region as Ras Al Khaimah consistently records growth in tourism and hotel performance.”
Situated 15 minutes from Ras Al Khaimah International Airport, Al Marjan Island is made up of four islands – Breeze, Treasure, Dream and View. The project entails 7.8 kilometres of beach, 23 kilometres of waterfront, 6,500 planned residential units, 8,000 planned hotel rooms, 400-room wellness retreats and 600 holiday villas. The resort destination already comprises an evolved hospitality sector, with Breeze Island housing Rixos, Double Tree by Hilton and Bab Al Bahr properties.