Al Marjan Island
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When it comes to casinos, the house is always meant to win. But the cost of developing the first gambling resort in the United Arab Emirates is likely to push the local host government in Ras Al-Khaimah – one of the seven emirates that make up the country – into a fiscal deficit, according to Fitch Ratings.
Construction work began at the site earlier this year and the resort is due to open its doors to customers in early 2027. For a small economy like Ras Al-Khaimah, the project represents a giant gamble. The development is expected to cost a total of $3.9 billion, which is equivalent to almost a third (32%) of the emirate’s total gross domestic product (GDP) last year.

Source: https://www.forbes.com/sites/dominicdudley/2023/05/24/gambling-resort-to-push-ras-al-khaimah-budget-into-deficit-warns-fitch/?sh=71d4fd373fae

Promising the “good life” to its guests, the Le Méridien Al Marjan Island Resort & Spa will have 350 rooms, seven dining outlets, a pool and a spa. It is being developed by Three Musketeers Hospitality (TMH), a wholly owned subsidiary of UAE-based Plus Holding Limited (PHL) founded by Jaideep Halwasiya, Surendra Bagri and Hari Tibrewala.

Source: https://www.hoteliermiddleeast.com/business/marriott-announces-le-meridien-al-marjan-island-resort-spa-opening-2026

Rendering of Earth Shore Al Marjan Island hotel in Ras Al Khaimah, UAE. The project is being developed by UAE-based hospitality group Earth Hotels.

Source: https://www.zawya.com/en/business/hospitality/uae-multibillion-dollar-resort-to-have-rich-non-gaming-facilities-as-well-reveals-wynn-rak-ceo-q24maxfy

Dubai Investments recently made their mark as a proper pan UAE developer with the groundbreaking ceremony of their Danah Bay project on 22nd December 2022 on Marjan Island in Ras Al Khaimah.

The project, an undertaking of AED 1 billion, is for developing a premium beach and resort-style community on the island.The event was a significant milestone for Dubai Investments, a major player in the Dubai real estate sector, as it was not only one of their most significant undertakings but also their first outside of the Dubai Emirate. However, there is a long list of Dubai real estate’s futuristic projects to be launched in 2023 that you can also consider for investment.

Nobu is set to launch a new beachfront hotel on Al Marjan Island following the announcement of their hotel in Abu Dhabi.

Anew Nobu hotel is set to come to Al Marjan Island in Ras Al Khaimah. This follows the signing with Envoria Development who acquired a plot on Al Marjan Island. The hotel will also house the popular Nobu restaurant. Alongside the Nobu hotel will also be 300 branded luxury residences that is set to provide residents with bespoke guest services and amenities.

The project will span an area of 70,000 square metres and include features including a spa, fitness facility, swimming pools and the iconic Nobu restaurant. This will mark the second location in the UAE, the hotel aims to boost the revenue of the Ras Al Khaimah hospitality sector.

“With the arrival of Nobu Al Marjan Island, Ras Al Khaimah now joins an elite group of cities worldwide to put on display the power of Japanese minimalism, exceptional hospitality, and world-class dining the brand is renowned for. Set in the heart of our iconic flagship island, the opening of Nobu reinforces Ras Al Khaimah’s credentials as a high-growth destination for international and regional investors. We will continue to leverage global partnerships, such as Enevoria Development, to develop signature projects that elevate the Emirate’s status as a premier world-class leisure and lifestyle destination,” said Abdulla Al Abdouli, CEO of Marjan.

Source: https://www.arabianbusiness.com/industries/travel-hospitality/nobu-announces-beachfront-hotel-in-ras-al-khaimah

The new Rove Hotel site on Al Marjan Island, Ras Al Khaimah, UAE.

Rove Al Marjan Island will be the first Rove hotel in RAK, marking an important milestone for the brand. It will feature a colourful urban design and will be home to an array of artworks which reflect the serene setting of Al Marjan Island.

Source: https://whatson.ae/2022/10/rove-ras-al-khaimah-beach-resort-al-marjan-island/

Master developer, Marjan has announced that construction has already begun on the hotel on Al Marjan Island. This new lifestyle beach resort is set on a prime beach location, complete with 441 rooms. Construction is expected to be finished by the end of 2024.

Source: https://whatson.ae/2022/10/rove-ras-al-khaimah-beach-resort-al-marjan-island/

Dubai Investments is venturing into resort development with Danah Bay, a Dh1 billion mixed-use beachfront destination on Al Marjan Island in Ras Al Khaimah. Spanning 90,000 square meters, the project will include townhouses and villas, waterfront apartments, a 300-key 4-star resort and retail.

Mövenpick Resort Al Marjan Island has been officially operating and hosting guests since the 1st of July this year. There are already hundreds of photos posted by the people who stayed there.

https://www.instagram.com/p/CgWgJUkpSGR/

https://www.instagram.com/p/CgUn1pdJA77/

What is more, it continues to grow and develop, as at the end of July Solutions Leisure opened the bar and the restaurant on the shores of this new five-star resort. It’s already operating, and here are the recent photos published by the news source. You may find the link below to read more.


https://www.caterermiddleeast.com/bars-clubs/ula-ras-al-khaimah

Movenpick Resort is still due "officially" to open, but has already opened as of June 19th.





https://www.thenationalnews.com/travel/hotels/2022/05/23/chalet-style-movenpick-resort-al-marjan-island-to-open-in-ras-al-khaimah-on-july-1/
https://www.booking.com/hotel/ae/movenpick-resort-al-marjan-island.html