Dubai Investments, Marjan ink deal for AED1bn project – MEP MiddleEast

Dubai Investments, Marjan ink deal for AED1bn project – MEP MiddleEast

Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market (DFM), has signed an agreement with Marjan – the master-developer of freehold properties in Ras Al Khaimah, to acquire land to develop a dynamic mixed-use beachfront residential, beach resort, and lifestyle destination on Al Marjan Island.

The project worth AED1bn will offer stunning views of the Arabian Gulf, providing a new paradigm for Ras Al Khaimah. The agreement was signed by Vice Chairman & CEO of Dubai Investments, Khalid Bin Kalban, and the CEO of Marjan, Eng Abdulla Al Abdooli. 

The project is designed to provide an amalgamation of hospitality, and residential elements inclusive of a beachfront resort, beachfront serviced apartments and beachfront villas plus, waterfront residential buildings, retail & F&B components along with other recreational facilities.