International
Dubai develops $272 million municipal project on Al Marian Island
Seetao 2021-10-21 10:17
  • Dubai Investment Corporation aims to promote new projects as benchmarks for mixed-use infrastructure development
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After Dubai Investment Corporation signed a land acquisition agreement with Marjan, the main developer of Ras Al Khaimah, a mixed-use beachfront residence and beach resort worth US$272 million will be formed on AlMarjan Island. The agreement was signed by Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investment Corporation, and EngAbdulla AlAbdooli, CEO of Marjan.

Al Marian Island Project

According to a statement, the project will aim to provide a perfect integration of service and residential elements, including beachfront resorts, beachfront serviced apartments and beachfront villas, as well as beachfront residential buildings, retail and dining facilities, and other entertainment facilities. Dubai Investment Corporation is excited about this new business. They believe that Ras Al Khaimah (RAK) is quickly gaining traction as a tourism hub in the region, and the UAE government is channeling resources and investing in a series of health programs to take advantage of its natural assets. In order to meet the growing demand for such projects in Ras Al Khaimah, and to strengthen Dubai’s investment real estate portfolio by adding more high-end hotel projects, the company is optimistic that this new project will further highlight the attractiveness of well-being and provide a A comfortable lifestyle that seamlessly integrates with nature," Kalban explained. Key words: engineering construction, engineering news

The project will be on ViewIsland located in the center of AlMarjan Island. It will be used as a private venue with beautiful views of the waterfront, providing a perfect place for social gatherings, family gatherings, business meetings or personal relaxation. EngAlAbdooli added: “AlMarjanIsland has become the preferred hub for tourists and investors around the world. We look forward to expanding our product range through the world-class projects being developed by Dubai Investment Corporation. This will further support the development of Ras Al Khaimah’s tourism, hotel and residential purposes. Land development."Editor/Xing Wentao, Design/Zhang Tao

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