Al Marjan Island Welcomes Range Developments' Debut in UAE's Real Estate Market
Marjan, a leading developer of freehold properties in Ras Al Khaimah, has partnered with Range Developments to introduce three new exclusive properties on Al Marjan Island, a premier destination for tourism, business, and investment in the Northern Emirate. These luxurious offerings, comprising The Beach House, The Beach Residences, and Beach Vista, are expected to contribute to the growth of Ras Al Khaimah's upscale real estate sector.
The collaboration marks Range Developments' entry into the UAE market, leveraging its expertise in developing 5-star hotels in Dominica, St. Kitts, and Grenada. These upscale residential buildings, situated along the beachfront, will enhance Ras Al Khaimah's appeal as an attractive destination for residents, tourists, and investors.
The Beach House features 88 apartments, including studios and 3-bedroom units, offering breathtaking sea views from its prime beachfront location. The Beach Residences, comprising 412 apartments and 11 townhouses, redefine waterfront living with high-quality features and modern design. Similarly, Beach Vista offers an ideal space for both end-users and discerning investors seeking a luxurious lifestyle in a thriving destination.
Arch. Abdulla Al Abdouli, CEO of Marjan, expressed excitement about the agreement with Range Developments, emphasizing their shared goal of redefining luxury real estate on Al Marjan Island. Mohammed Asaria, Joint Managing Director of Range Developments, highlighted their commitment to enhancing Ras Al Khaimah's real estate sector with innovative projects and world-class amenities.
The addition of these luxury properties to Al Marjan Island's skyline underscores Ras Al Khaimah's international appeal among property developers and investors. Riaz Shariff, Joint Managing Director of Range Developments, cited the emirate's economic stability, rising property prices, and booming tourism sector as key factors driving investment interest.
With a growing demand for high-end properties, Ras Al Khaimah continues to emerge as a cultural and economic hotspot, attracting global attention. Its focus on sustainable growth and waterfront living further enhances its real estate appeal.
About Marjan
Marjan is the master developer of freehold property in Ras Al Khaimah, known for pioneering developments like Al Marjan Island aimed at establishing the emirate as a leading tourism and investment destination. By leveraging Ras Al Khaimah's natural assets, Marjan attracts foreign investment and international visitors, positioning the emirate as a strong hub for investment and tourism.
About Range Developments
Range Developments, a renowned developer with over ten years of industry expertise, has a notable track record that includes the successful completion of prestigious projects such as the Park Hyatt St. Kitts, recognized by CNN as the 'Best New Hotel in the Caribbean' in 2017, and the InterContinental Dominica Cabrits Resort & Spa, acclaimed by Forbes magazine as the most highly anticipated hotel opening in the Caribbean in 2019. Currently, Range Developments is set to unveil the Six Senses in Grenada in April of this year and is in the final stages of completing the InterContinental Grenada Resort, slated for opening in 2025. Notably, Range Developments has also ventured into creating ultra-luxurious properties in some of Dubai's most prestigious neighborhoods. In a recent development, the company acquired several beachfront land parcels on Al Marjan Island in 2023 and is in the process of developing 600 apartments spread across three distinct projects.
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Credits: PR Newswire
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