RAK launches party island to 'rival Ibiza'

Ras Al Khaimah developers targeting $4.9bn of investment at UK property show

Al Marjan Island, Ras al Khaimah.
Al Marjan Island, Ras al Khaimah.

A manmade island in Ras Al Khaimah, which is being billed as a “mini Ibiza”, has plans to attract as many as 20,000 partygoers with two ‘mega clubs’, four beach clubs, five hotels and 100 restaurants.

Dream Island, one of four in the $1 billion Al Marjan Island development (pictured below), is being promoted as a venue that will rival one of Europe’s biggest party capitals.

“We’re trying to make it the new Ibiza - a mini Ibiza dedicated solely to partying,” George Saad, sales and marketing director at Al Marjan Island, told the Daily Mail.

“People will be able to come here, stay in the hotel, party at clubs on the beach, anything in the world you can do. And we are trying to attract festivals to come here - like Burning Man,” he added.

Saad was speaking at the Dubai Property Show in London’s Kensington Olympia, where the developers of the third of four islands that make up Al Marjan are looking to attract $4.9 billion of investment.

The 370,000m2 Dream Island, which will not feature any homes, is expected to be completed by 2018.

Located 27km south-west of Ras Al Khaimah city centre, the four islands of Al Marjan stretch nearly three miles out into the sea and cover an area of 2.7 million square metres. The entire development comprises four coral-shaped islands that include a range of marina homes floating villas, hotels, resorts, sports facilities and shopping centres.

Last week, the company behind the development has said January sales have doubled, year-on-year.

Abdullah Rashed Al Abdooli, managing director of Al Marjan Island Company, said: "The heightened investment in Al Marjan Island coincides with rising demand for luxury hotels and residential apartments and, which is an indicator that investors are closely monitoring the UAE real estate market and channelling their investments accordingly.”

 

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