Emaar launches first Address property in Ras Al Khaimah
Emaar Properties is launching its first hotel and residences project in Ras Al Khaimah, chairman Mohamed Alabbar announced at a conference this week
Emaar Properties is launching its first hotel and residences project in Ras Al Khaimah, chairman Mohamed Alabbar announced at a conference this week.
The project will be located Al Marjan Island, a four-island mega-development, and will be managed by Emaar Hospitality Group’s lifestyle brand, Address Hotels + Resorts.
The hotel will have 249 rooms, including suites, while Address Residences Al Marjan Island will comprise 234 high-end apartments.
As part of Views, the largest of the four islands that make up Al Marjan Island, residents will be in close proximity to the ubran core of the master-planned community and the town centre.
It will also offer direct access to more than 600 metres of beachfront, as well as a range of lifestyle amenities, including restaurants, banquet space, a business lounge, a modern fitness centre, a spa, and a pool.
This marks the first expansion of the Address brand to Ras Al Khaimah, and the first development venture by Emaar Development in the emirate.
Alabbar made the announcement at the Arabian Hospitality Investment Conference 2018, which follows an MoU signing by Emaar in December last year to develop 2 million sq ft mixed-use projects including high-end residential, hospitality and retail components in Al Marjan Island.
Alabbar said: “With its positive economic growth and focus on strengthening the tourism and investment landscape, Ras Al Khaimah has recorded robust growth in visitor arrivals and in attracting inward investments.
The vision of His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, to transform the emirate is underlined by mega-developments such as Al Marjan Island, which offers an ideal destination for us to showcase our competencies in hospitality, residential, retail and leisure developments.”
Emaar Hospitality Group had most recently announced its expansion to Sharjah with a management agreement to operate three hotels in Aljada, a more than 2 million square metre integrated lifestyle destination, and a new leisure and entertainment hub for Sharjah, developed by Arada.
The three hotels will be under Emaar Hospitality Group’s premium lifestyle Address Hotels + Resorts, upscale lifestyle Vida Hotels and Resorts, and the contemporary midscale Rove Hotels.
Al Marjan Island has a development value of over $1.8bn with 1,500 operational hotel keys and more than 2,000 residential units.