{"id":25225,"date":"2016-09-07T00:25:55","date_gmt":"2016-09-06T17:25:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=25225"},"modified":"2016-09-06T22:41:11","modified_gmt":"2016-09-06T15:41:11","slug":"rak-master-developer-al-marjan-expects-prices-to-rise","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rak-master-developer-al-marjan-expects-prices-to-rise\/","title":{"rendered":"RAK master developer Al Marjan expects prices to rise"},"content":{"rendered":"


\nThe Ras Al Khaimah master developer Al Marjan Island expects plot prices to appreciate because of a shortage of waterfront plots. The artificial islands cluster, which now houses three hotels – Rixos Bab Al Bahr, Double Tree by Hilton and Marjan Island Resort and Spa – with about 1,500 hotel rooms, will have about six hotels on a second island, said Abdullah Al Abdooli, the managing director of Al Marjan Island. The entire development is set for completion in 2025, and will have about 8,000 hotel rooms. Plot prices have gone up by 20 per cent so far this year, and are expected to increase by 20 per cent again next year because of the shortage of beachfront properties, Mr Al Abdooli said. “The occupancy rates of our Al Marjan Island resorts are encouraging, and that is why we are seeing a huge demand on the beachfront for hotels, and this is key to the increase in price,” he said. “A lot of investors are launching projects, and the real estate market is promising in the UAE, not only us. It is a secure country and the ease of doing business is encouraging.”In July, the UAE Central Bank said that total loans and advances decreased by 0.2 per cent month-on-month to Dh1.54 trillion as non-residents withdrew Dh6.3 billion from their accounts during the month.The tightening of liquidity in the UAE is not going to affect sales to local investors, according to Mr Al Abdooli. “It’s a cycle and there might be a small correction in prices but at the end, real estate is stable,” he said. The developer is reviewing four project submissions for islands one and two. The company also expects to develop business districts, residential neighbourhoods and a downtown on the mainland in RAK in the next few years. The company is responsible as a master developer for all freehold land that belongs to the government of RAK. On Monday, the Dubai conglomerate Mohammed Omar bin Haider Holding Group said it would build a Dh1bn mixed-use complex at Al Marjan Island, spread across 1.4 million square feet. The project is currently in the design phase. It will include a five-star hotel, luxury residential apartments, commercial buildings and a retail area. ssahoo@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…RAK master developer Al Marjan expects prices to rise<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Ras Al Khaimah master developer Al Marjan Island expects plot prices to appreciate because...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-25225","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6yR","jetpack-related-posts":[{"id":38765,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-properties-to-build-hotel-on-raks-marjan-island\/","url_meta":{"origin":25225,"position":0},"title":"Emaar Properties to build hotel on RAK's Marjan Island","date":"December 21, 2016","format":false,"excerpt":"\r Emaar Properties is set to develop thousands of hotel rooms on Marjan Island in Ras Al Khaimah, its first major project in the northernmost emirate.Dubai's largest listed property developer said that it has struck a deal to build a 2 million square foot scheme on the man-made island.It said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":167401,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/karl-lagerfeld-aark-developers-announce-luxury-beachfront-residences-on-al-marjan-island\/","url_meta":{"origin":25225,"position":1},"title":"Karl Lagerfeld, AARK Developers announce luxury beachfront residences on Al Marjan Island","date":"December 15, 2025","format":false,"excerpt":"\r The development titled Karl Lagerfeld Residences was formally announced following a signing ceremony held on December 10 at Karl Lagerfeld\u2019s headquarters in Paris The post Karl Lagerfeld, AARK Developers announce luxury beachfront residences on Al Marjan Island appeared first on Arabian Business: Latest News on the Middle East, Real\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/12\/Karl-Lagerfeld-Residences-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":161115,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rak-real-estate-atara-development-launches-gccs-first-sheraton-residences-on-al-marjan-island\/","url_meta":{"origin":25225,"position":2},"title":"RAK real estate: ATARA Development launches GCC\u2019s first Sheraton residences on Al Marjan Island","date":"September 17, 2025","format":false,"excerpt":"\r The beachfront development features 141 units and will be co-located with the Sheraton Al Marjan Island Resort\r \r Source : arabianbusiness.com\r Read more...RAK real estate: ATARA Development launches GCC\u2019s first Sheraton residences on Al Marjan Island","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/09\/ATARA-Development-Collaborates-with-Marriott-International-to-Launch-GCCs-First-Ever-Sheraton-Branded-Residences-on-Al-Marjan-Island-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":164347,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wynn-resorts-marjan-to-develop-janu-al-marjan-island-in-partnership-with-aman-group\/","url_meta":{"origin":25225,"position":3},"title":"Wynn Resorts, Marjan to develop Janu Al Marjan Island in partnership with Aman Group","date":"November 10, 2025","format":false,"excerpt":"\r Located directly across from Wynn Al Marjan Island, the new property will be managed and operated by Aman Group, the developer behind the ultra-luxury Aman hotel brand The post Wynn Resorts, Marjan to develop Janu Al Marjan Island in partnership with Aman Group appeared first on Arabian Business: Latest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/11\/Janu-Al-Marjan-Island-RAK-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":169317,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-developer-ardee-breaks-ground-on-545m-fairmont-al-marjan-island-waterfront-project\/","url_meta":{"origin":25225,"position":4},"title":"UAE developer Ardee breaks ground on $545m Fairmont Al Marjan Island waterfront project","date":"January 10, 2026","format":false,"excerpt":"\r Ardee begins construction on its $545m Fairmont Residences Al Marjan Island and Hotel, a Ras Al Khaimah, UAE waterfront development The post UAE developer Ardee breaks ground on $545m Fairmont Al Marjan Island 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