Built to inform

Sign up for the daily newsletters

No, Thank you

Indian investor to build $200m project at RAK's Al Marjan Island

The project includes a 300-room hotel, and a discovery-, fitness-, and history-themed entertainment park

L-R: Richard Menezes with Marjan's managing director and chief executive officer, Abdulla Al Abdouli.
L-R: Richard Menezes with Marjan's managing director and chief executive officer, Abdulla Al Abdouli.

An Indian investor has launched a $200m (AED734.6m) mixed-use project at four island mega development Al Marjan Island.

The project includes a 300-room hotel, and a discovery-, fitness-, and history-themed entertainment park.

Richard Menezes, director of United Ventures and Investments Limited, announced the launch on the second day of Cityscape Global 2018, property event under way at Dubai World Trade Centre.

Speaking on the news, Abdulla Al Abdouli, managing director and chief executive officer of Marjan, said: “At Al Marjan Island, we offer developers a plug-and-play model of purchasing land with development.

“The mixed-use project will further drive tourism and also catalyse the economy as a leisure attraction for families, sports lovers, and fitness enthusiasts.”

READ: Emaar launches first Address property in Ras Al Khaimah

Menezes said Al Marjan Island’s “central location and world-class infrastructure as well as easy connectivity make it an ideal destination for a world-class holiday and entertainment centre”.

He added: “With our development, we are bringing the region’s largest of its kind attraction in the Middle East offering an experience that will have several innovative feel-good, discovery, fitness, historical, and thrill-based offerings that appeal to all from the UAE and the world."

READ: Marjan becomes Ras Al Khaimah's freehold master developer

Al Marjan Island currently has more than 1,600 operational five-star hotel keys, including properties Rixos-, Hilton-, and Accor-branded properties, in addition to more than 2,000 residential units, including Bab Al Bahar residential and Pacific by Select Group.

The news comes one day after Al Abdouli revealed to Construction Week that the group is planning to launch launch two mixed-use developments in the emirate’s Al Jazirah al Hamra area in 2019.

Most popular

Awards

Go for gold at the 15th Construction Week Awards in December 2019!
Winners will be crowned under 14 categories at a gala ceremony in Dubai – are

Conferences

Leaders in Construction UAE Summit returns in Sept 2019
Dubai conference to see top officials discuss the people, trends, and challenges that will power
Leaders Kuwait 2018: New Kuwait 2035 needs smart city-led contracts
Localisation and contract modernisation are essential for Kuwait's diversification strategy

Latest Issue

Construction Week - Issue 741
May 11, 2019