Crowngate International, a leading real estate development company, has purchased a plot on Al Marjan Island in Ras Al Khaimah, as part of its new project to build an upscale resort.
The new property, worth an impressive $60 million, is slated to open in late 2019.
Managing director, Al Marjan Island, Abdullah Al Abdooli spoke of the development: “It is indeed a pleasure to welcome Crowngate International to the Al Marjan Island. Associating with them will not only add value to our island, but also position us as premium facilitators for world-class living and investments.”
Founding partner, Crowngate International, Joe McCormack also commented: “Crowngate is thrilled to be announcing our new Al Marjan Island resort in Ras Al Khaimah, which is fast becoming the emirate of tomorrow. In a very short period of time, Al Marjan Island has become a leading luxury lifestyle and tourist destination for visitors not just from the GCC, but internationally. The new resort will bring a unique and refreshing blend of style and comfort to our hotel that will leave a lasting impression on all who visit.
“To be in partnership with Al Marjan Island is a great honour. The association brings not only global recognition, but will also help us showcase our unrivalled expertise in developing luxury properties,” added McCormack.