Dubai – Mubasher: Al Marjan Island on Monday said that it has overviewed a slew of investment opportunities within the Ras Al Khaimah government’s flagship development during its participation at the International Hotel Investment Forum kicked off in Berlin on 5 March.
The world-class luxury resort destination highlighted the record growth in tourist arrivals to Ras Al Khaimah in 2017, as the number of tourists increased by 19% in 2016.
Germany, Russia, the UK and India were the top international source markets, according to the Ras Al Khaimah Tourism Development Authority, while hotel occupancy recorded a 73.6% growth with the average stay length increasing by 2.71% to 3.41 days.
"Al Marjan Island is a Patron of the premier hotel industry event to be attended by over 2,000 senior hospitality investors and professionals from over 80 countries, and will highlight the remarkable evolution of the master-planned destination that will feature beachside resorts, branded and non-branded residences," Al Marjan Island said.
The development pipeline and the long-term expansion plans for the destination will be showcased to underline the investment opportunities offered for the hotel industry within the development, it added.
Moreover, overseas investors can purchase land plots at Al Marjan Island with development rights, while the infrastructure for the land is already developed under a plug-and-play model.
Al Marjan Island said that most of the plots are designated for residential units, boutique hotels, resort hotels, community facilities and retail,
"Al Marjan Island is a vibrant tourism and lifestyle development that offers tremendous value for investors," said CEO of Al Marjan Islan Abdullah Al Abdooli.
We cast light on the high-value investment opportunities for European and international investors within Al Marjan Island and in Ras Al Khaimah through our participation at the Berlin investment forum, he added.
