{"id":38765,"date":"2016-12-21T21:32:52","date_gmt":"2016-12-21T14:32:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=38765"},"modified":"2016-12-21T19:01:16","modified_gmt":"2016-12-21T12:01:16","slug":"emaar-properties-to-build-hotel-on-raks-marjan-island","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-properties-to-build-hotel-on-raks-marjan-island\/","title":{"rendered":"Emaar Properties to build hotel on RAK's Marjan Island"},"content":{"rendered":"


\nEmaar 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 that the project would include a five star luxury hotel, serviced apartments and shops. It will also include retail and residential elements.The agreement was signed by Sheikh Khalid Bin Saud Al Qasimi, chairman of Al Marjan Island, and Mohamed Alabbar, chairman of Emaar Properties.The man-made cluster of four coral shaped islands has a development value of more than US$1.8 billion, Emaar said in a statement.The islands currently house three hotels – Rixos Bab Al Bahr, Double Tree by Hilton and Marjan Island Resort and Spa – with about 1,500 hotel rooms all located on a first island.According to Al Marjan Island, the government-owned master developer of the island cluster, another six hotels will be built on a second island.The entire development is set for completion in 2025, and will have about 8,000 hotel rooms.Mr Alabbar said that RAK had “tremendous potential for growth.””Through the agreement, we will create a new magnet for investment in the tourism, hospitality and retail sectors,” he said. “We will bring our proven competencies in hospitality, retail and mixed-use developments to this unique master-development.”lbarnard@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Emaar Properties to build hotel on RAK’s Marjan Island<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Emaar Properties is set to develop thousands of hotel rooms on Marjan Island in Ras...<\/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-38765","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-a5f","jetpack-related-posts":[{"id":25225,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rak-master-developer-al-marjan-expects-prices-to-rise\/","url_meta":{"origin":38765,"position":0},"title":"RAK master developer Al Marjan expects prices to rise","date":"September 7, 2016","format":false,"excerpt":"\r The 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"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":38765,"position":1},"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 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