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Al Marjan Island to Represent Ras Al Khaimah and Showcase Investment Opportunities in the Emirate at MIPIM 2018

Al Marjan Island, the primary developer of freehold areas, will exclusively represent Ras Al Khaimah to highlight the Emirate's investment opportunities at MIPIM, the world's leading residential property market at Palais des Festivals, Cannes, France, from March 13 to 16, 2018.

Al Marjan Island will place the spotlight on the affordable advantages supplied by the Emirate of Breakout Al Khaimah, which has actually taped a growth in GDP of 4.5 per cent in 2016, higher than the nationwide rate. With the government devoted to creating the Emirate as a business and vacationer hub in the region, site visitors to MIPIM can gain understandings on the setting apart toughness of the Emirate and Al Marjan Island at the Riviera R-G10 exhibition pavilion.

Eng. Abdullah Al Abdooli, Chief Executive Officer of Al Marjan Island, said: "The vision of His Highness Sheikh Saud Bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, for the Emirate will cement its credibility as a global center for building and hospitality investments that assure solid returns. Al Marjan Island is a central component of the growth strategy of the Emirate.

" With a focus on tourism and real estate investments, Al Marjan Island is supplying capitalists an unrivaled chance to be part of the fastest growing traveler location in the region, which recorded 19 percent rise in visitor arrivals in 2017. We see substantial demand from capitalists across the world, matching the global rate of interest in the emirate as a destination for tourism and investment. At MIPIM, we look forward to interacting with international investors, particularly from Europe, and to provide to them the worth proposition of Ras Al Khaimah along with Al Marjan Island," he added.

Established in 1990, MIPIM gathers one of the most significant international property developers and is anticipated to host over 24,200 participants from 100 countries. Al Marjan Island has a specialized structure that will certainly present the investment landscape of Ras Al Khaimah and the chances provided at the master-planned advancement to feature beachside hotels, luxury houses and recreation leisure attractions.

Eng. Abdullah Al Abdooli added: "The strength of Ras Al Khaimah is its diversified economy with a focus on promoting tourism, trade and manufacturing. The A/A -1 sovereign rating with secure expectation and the predicted GDP growth of concerning 4.5 to 5 percent act as strong incentives for long-lasting capitalists."

With its focus on using a new age of luxury, lifestyle and hospitality services, Ras Al Khaimah additionally has among the biggest economic zones in the region greater than 13,000 firms that allow investors to have 100 percent ownership and zero income tax obligation. With population expanding 3.6 per cent in 2016 over the previous year, the Emirate continues to invite professionals from across the world, and the populace is anticipated to grow 11 per cent in much less than five years. Only 4 hours flying range far from 31 percent of the world population and 8 hours from 76 per cent of the global populace, Ras Al Khaimah uses outstanding airline connectivity.

Ras Al Khaimah supports tourist and resort development and includes the UAE's highest hill offering magnificent views, and a rich cultural heritage. Tourist arrivals are readied to expand from 1 million this year to over 2.9 million each year by 2025, inning accordance with the Ras Al Khaimah Tourist Growth Authority, driving the need for hotels and resorts.

Al Marjan Island is the desired financial investment destination offering international investors the choice of acquiring land plots with development rights. The infrastructure is currently established under a plug-and-play design. Most of the plots are designated for domestic systems, store resorts, resort hotels, community facilities and retail.

Al Marjan Island uses many benefits to international investors such as zero per cent income and individual tax, 100 percent international ownership, no forex controls, 100 percent repatriation of resources and earnings, 100 per cent all set facilities, 100 percent accessibility of energies services, and residency visa for house owners. Further, Al Marjan Island is managed by the Ras Al Khaimah Realty Regulatory Authority making sure peace of mind for capitalists that their investment remains in safe hands with accountability and transparency.

According to reports, an extra 15,000 hotel units are required in the next seven years to serve the growth in visitor arrivals. Regarding 7,000 new hotel spaces are set to be added, mostly in the 5-star coastline resort group, in the next three years. Of these, virtually 71 percent will be supplied on Al Marjan Island.

Al Marjan Island is just 15 minutes far from the Ras Al Khaimah International Flight terminal and 45 minutes from the Dubai International Airport. In all, the master-planned community will certainly feature 7.8 kilometres of coastlines, 23 kilometres of waterfront, 6,500 planned residential units, 8,000 intended hotel rooms, 400-room wellness retreats and 600 holiday villas.

Al Marjan Island had recently won the GUINNESS WORLD RECORDS for the Largest aerial firework shell that marked the New Years Eve celebration which welcomed hundreds of thousands of guests.

To find out more, please browse through: http://almarjanisland.com

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