Wednesday 24 April 2024
 
»
 
»
Story

Marjan unveils RAK real estate opportunities at German expo

RAS AL KHAIMAH, October 8, 2019

Marjan, the master-developer of freehold projects, is showcasing attractive investment opportunities in the northern emirate of Ras Al Khaimah, particularly in the property and hospitality sectors, at Expo Real, the largest real estate and investment trade fair in Europe.

Held at Messe Munich Exhibition Centre in Germany, Expo Real brings together industry stakeholders from across the world as well as high net worth investors keen to explore investment opportunities globally in the real estate sector.

Marjan is not only presenting the investment value proposition offered by Al Marjan Island, its flagship mega-development, but also the enormous value that Ras Al Khaimah offers for investors through assured returns and yields, said the Emirati developer.

According to industry estimates, investing in Ras Al Khaimah offers property investors the dual advantage of 20 to 25 per cent lower development cost and a return on investment of about 15.8 per cent on hospitality and 20 to 30 per cent on residential projects. An annual 10 per cent yield is assured on residential leasing too.

All this is in addition to the benefits offered by Marjan, including 100 per cent foreign ownership, and 100 per cent repatriation of capital and profits within its destinations. Other incentives include no corporate tax and zero personal tax.

Additionally, there will be no foreign exchange contracts reducing extra costs and any uncertainties.

Architect Abdulla Al Abdouli, the CEO of Marjan, said: "Expo Real serves as a gateway to investors from Europe, who are increasingly focused on global investments that assure long-term returns. With our strong track-record of attracting high value investors from Europe and other parts of the world to Ras Al Khaimah, we see our participation in the event driving more foreign investments."

"The value-add that our developments – as well as the business environment of Ras Al Khaimah offers – is among the best in the region, especially for hotel developers and operators and real estate developers," he noted.

Marjan is presenting the diverse facets of Al Marjan Island to visitors, who represent the entire cross-section of the global real estate sector.

Owners and investors in hospitality and real estate projects, developers of new assets, sovereign fund representatives and hotel groups are among the key visitors, to whom Marjan will highlight the unique features of Ras Al Khaimah.

Currently, Al Marjan Island has over 1,600 operational five-star hotel keys, including Rixos Hotels, Hilton Hotels & Resorts and Accor Hotels brands, and more than 2,000 residential units including Bab Al Bahar residential and Pacific by Select Group.-TradeArabia News Service




Tags:

More Construction & Real Estate Stories

calendarCalendar of Events

Ads