Crowngate International, a leading real estate development company has acquired a plot on Al Marjan Island in Ras Al Khaimah to develop a new upscale resort valued at Dh220 million ($59.8 million).

The new property is scheduled to open in late 2019.

“It is indeed a pleasure to welcome Crowngate International to the Al Marjan Island. Associating with them will not only add value to our island, but also position us as premium facilitators for world-class living and investments,” said Abdullah Al Abdooli, managing director of Al Marjan Island.

Joe McCormack, founding partner, Crowngate International said: “Crowngate is thrilled to be announcing our new Al Marjan Island resort in Ras Al Khaimah, which is fast becoming the emirate of tomorrow. In a very short period, Al Marjan Island has become a leading luxury lifestyle and tourist destination for visitors not just from the GCC, but internationally. The new resort will bring a unique and refreshing blend of style and comfort to our hotel that will leave a lasting impression on all who visit.”

“To be in partnership with Al Marjan Island is a great honour. The association brings not only global recognition, but will also help us showcase our unrivalled expertise in developing luxury properties,” added McCormack.

Crowngate is a leading real estate development company with offices in Europe, the Middle East and Africa. The company specialises in offering clients high performing and secure properties. – TradeArabia News Service