Dubai-based realtor brokers one of UAE’s largest ever hotel deals worth Dh810 million

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UAE
  • Date: 05-Aug-2022
  • Source: Khaleej Times
  • Sector: Tourism
  • Country: UAE
  • Who else needs to know?

Dubai-based realtor brokers one of UAE’s largest ever hotel deals worth Dh810 million

Real estate consultant Andrew Love closes sale of Ras Al Khaimah's iconic DoubleTree by Hilton Resort and Spa Marjan Island

Published: Fri 5 Aug 2022, 3:00 PM Last updated: Fri 5 Aug 2022, 3:55 PM

It's official. The iconic DoubleTree by Hilton Resort and Spa Marjan Island in Ras Al Khaimah has been sold at an astounding price of Dh810,000,000.

Global real estate consultant Knight Frank Middle East announced Thursday on their official LinkedIn page that Andrew Love, partner and head of capital markets and commercial agency, is responsible for brokering what is probably one of the largest hotel deals ever recorded in UAE real estate history.

Acting exclusively as the sell-side broker on behalf of a private family office, Love sold the DoubleTree by Hilton Resort and Spa Marjan in RAK for a whopping Dh810 million. Love brokered the deal with legal support from Al Tamimi and Company and Clyde and Co.

Located at Marjan Island near the Al Hamra area of RAK, the hotel provides 650 metres of private white sandy beach, villas with furnished balconies and unparalleled views of the Arabian Sea.

Meet Andrew Love

Speaking exclusively to Khaleej Times following the deal, Love said, "I am delighted to get this one across the