The Emirate of Ras Al Khaimah is establishing its local and international position as a leading center for investment in the hospitality and tourism sectors, and local and international investments reflect the strong confidence of investors in the capabilities of Ras Al Khaimah and the incentives it offers. The tent, and the directives of His Highness Sheikh Mohammed bin Saud bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah.
As part of its vision to attract 3 million visitors by 2030, the emirate is keen to enhance its hospitality offerings to its visitors by implementing 21 new hotel projects to meet the demand for accommodation options, which will add to its capacity of 7,183 new hotel rooms by 2025, with a growth rate of 80%. compared to the current carrying capacity.
The iconic island is made up of 4 artificial islands: “The Breeze, Treasure, Horizon, and Dreams.” It includes more than 3,000 hotel rooms, in addition to 3,000 housing units. Future plans include reaching 8,000 hotel rooms and 12,000 housing units by 2027, as The Emirati investments of “Aldar”, “Emaar”, “Dubai Investments” and Abu Dhabi National Hotels represent a certificate of confidence in the strength of the hotel and real estate markets in Ras Al Khaimah, which enhances the sustainability of competitive financial returns and profits for investors, and these investments contribute to enhancing the competitiveness of the real estate market in the emirate.
Al Marjan Island currently includes 6 hotels that offer the highest levels of hospitality, and the current hotel rooms represent 37.5% of the total hotel rooms in the Emirate of Ras Al Khaimah, including the Movenpick Hotel with a total of 418 hotel rooms, the Radisson 400 rooms, the Rixos Bab Al Bahr 715 rooms, and the Hilton Double Tree 723 rooms. Hampton Hotel, 515 rooms, and Al Marjan Island Resort & Spa, 299 rooms.
future openings
The first future openings of projects on Al Marjan Island include the “Rove Hotel” during the year 2024, with a total of 441 hotel rooms. within the UAE, and throughout the region.
More news
The “Dana Bay” project contributes to setting new standards in Al Marjan Island for profitable investment in the emirate of Ras Al Khaimah, where Dubai Investments announced the sale of the entire first phase of the Dana Bay project, whose investment value amounts to one billion dirhams, and it is an integrated beach community. Building and construction in the first phase of the project, which is scheduled to be delivered in the first quarter of 2025, and extends over an area of 90 thousand square meters with 40 thousand square meters of beaches, and includes 188 villas, and the residential tower of the project includes 107 apartments, and includes the “Dana Bay” project The Grand Millennium Hotel, which includes 300 rooms and many beach leisure facilities, is expected to complete construction work on the hotel by the first quarter of 2026.
growth opportunities
The “Le Méridien Marjan Island Resort & Spa” project is the first project for Marriott International Group in the emirate, adding 350 hotel rooms to the hospitality sector, which is scheduled to open by 2026.
The $3.9 billion “Wayne Al Marjan Island” resort project contributes to raising Ras Al Khaimah’s position as one of the most prominent global tourist destinations. 1,500 luxurious rooms, suites and villas, and the project is scheduled to open by 2027.
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2023-08-05 22:32:23
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