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2 - 3 Nov 2020
Virtual Event
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Marjan: The master-developer of freehold property in Ras Al Khaimah
Marjan is the master-developer of freehold property in Ras Al Khaimah, responsible for path-breaking developments aimed at positioning Ras Al Khaimah as one of the region’s preferred lifestyle and investment destination.
Marjan is mandated with developing waterfront, urban and mountain destinations that will add to the competitiveness of the emirate. Its strategic master-planning approach is to leverage Ras Al Khaimah’s natural assets and lay the foundations of the emirate’s future expansions.
As part of its ‘considered approach’ to development, Marjan identifies priorities for action within each freehold community, and define public, private and semi-private spaces along with public amenities, as well as determine mixed use components and their physical connection with the environment.
Marjan offers for international investors an array of benefits including 100% foreign ownership, 100% repatriation of capital & profits within Marjan’s destinations. Other incentives include no corporate tax, 0% personal tax and a low VAT of 5% as of 2018.
Marjan’s goal is to help build a diversified economy that delivers opportunities for all and improves the quality of life while providing a welcoming environment for investors.
Al Marjan Island is the flagship development of Marjan. A man-made island that is seamlessly transitioning into a world-class resort destination, Al Marjan Island currently has over 1,600 operational five-star hotel keys, including Rixos Hotels, Hilton Hotels & Resorts and Accor Hotels brands, and more than 2,000 residential units including Bab Al Bahar residential and Pacific by Select Group.
The destination has 3,500 hotel keys under development, including new brands such as Address Al Marjan Island by Emaar Hospitality Group, Movenpick, AVANI Hotels & Resorts by Minor Hotels, Park Inn by Radisson, Hampton and Conrad by Hilton, Cristal Hotel, Grand Millennium and Rove Marjan, with more to be announced. In addition, 900 residential units are under construction by Uniestate.
http://www.marjan.ae
RAK Properties is a Public Joint Stock Company (PJSC) formed in 2005 with the support of the Government of Ras Al Khaimah (RAK). Founded in line with the vision of His Highness Sheikh Saud Bin Saqr Al Qasimi, Deputy Ruler of Ras Al Khaimah, RAK Properties aims at supporting and promoting the economic growth of Ras Al Khaimah as well as assisting the emirate's community development initiatives. RAK Properties will also maximize shareholders’ value through its development projects in the coastal and inland areas of Ras Al Khaimah.
RAK Properties has a sound capital of AED 2 billion. The Initial Public Offering (IPO) of RAK Properties in early 2005 was over-subscribed by almost 57 times.
In its mission to lead the development of real estate and tourism infrastructure in Ras Al Khaimah, RAK Properties aims to attract foreign investors of repute to launch state-of-the-art projects, including luxurious hotels, resorts, malls and industrial areas. In doing so, RAK Properties serves as a catalyst for a dynamic property market in Ras Al Khaimah and the United Arab Emirates (UAE).
RAK Properties also plays a lead role in the overall city development of Ras Al Khaimah. To this end, the company undertakes projects with provisions for retail stores, schools, health spas, as well as other leisure/hospitality centers which in turn will help develop full-fledged communities in the emirate.
Al Hamra Village covers an area of 77 million sqft and includes 1.5 kilometers of pristine beaches, 5 resort hotels. Stretches over 4 inter-connected lagoons, a 200-berth marina and Al Hamra Mall, a two-story retail center offering a unique entertainment and shopping experience
All within a fully integrated community. Strategically positioned only 45 minutes’ drive from Dubai one can enjoy life awayfrom the hustle and bustle of city life.
The master plan of Al Hamra Village was designed with safety, security, sustainability and innovation, energy efficiency and eco-friendly methods, location and details to appearance and finish all in mind.
The objective was to offer a unique product mix with different types of units from studios, one bedroom, two and three bedrooms, duplex, penthouse, townhouses and spacious villas all at different price points to cater to the needs of all.
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