RAS AL KHAIMAH 19 April 2018: Mohamed Alabbar, Chairman of Emaar Properties, has announced the launch of the company’s first hotel and residences project in Ras Al Khaimah, at the Arabian Hospitality Investment Conference 2018.
Located in the Views island of Al Marjan Island, a four-island mega-development, Address Al Marjan Island hotel and residences will be managed by Emaar Hospitality Group’s premium lifestyle brand, Address Hotels + Resorts. This marks the first expansion of the Address brand to Ras Al Khaimah, and the first development venture by Emaar Development in the emirate.
Address Al Marjan Island will be a resort-style development that draws on its exceptional natural location, directly by the Arabian Sea. The hotel will have 249 rooms, including suites, while Address Residences Al Marjan Island will comprise 234 high-end apartments.
As part of Views, the largest of the four islands that make up Al Marjan Island, residents will be in close proximity to the ubran core of the master-planned community as well as the town centre. With direct access to over 600 metres of beachfront, residents and guests will have uninterrupted views of the sea in addition to a range of lifestyle amenities.
The announcement of Address Al Marjan Island follows a MoU signed by Emaar in December last year to develop 2 million sq ft mixed-use projects including high-end residential, hospitality and retail components in Al Marjan Island.
Address Al Marjan Island will feature several restaurant concepts including The Restaurant at Address for all-day dining, meeting and banquet space, a business lounge, a modern fitness centre, spa, pool and other wellness amenities. More details on the hotel will be announced in due course. Residents of the branded residences can access the hotel amenities.
Emaar Hospitality Group had most recently announced its expansion to Sharjah with a management agreement to operate three hotels in Aljada, a 24 million square foot integrated lifestyle destination, and a new leisure and entertainment hub for Sharjah, developed by ARADA. The three hotels will be under Emaar Hospitality Group’s premium lifestyle Address Hotels + Resorts, upscale lifestyle Vida Hotels and Resorts, and the contemporary midscale Rove Hotels.
Globally, Emaar Hospitality Group has a portfolio of over 35 upcoming properties. It has 12 operational hotels and three serviced residences in Dubai including five Address hotels – Address Boulevard, Address Dubai Mall, Address Dubai Marina, Address Montgomerie and Palace Downtown. In addition to an upcoming resort in Fujairah, internationally, Address Hotels + Resorts will operate hotel projects in Saudi Arabia, Bahrain, Egypt, Turkey and The Maldives.
Al Marjan Island has a development value of over $1.8 billion with 1,500 operational hotel keys and more than 2,000 residential units. Al Marjan Island is a cluster of four coral-shaped islands that is set to be a tourism and leisure hub. Framed against the Yanas and Jais Mountains, and with its exotic all-round waterfront location, the development is aimed to drive the growth of the tourism, hospitality and retails sectors.