Dubai Investment Real Estate (DIR), a subsidiary of Dubai Investments, begins the Phase 1 delivery of Danah Bay, its mixed-use beachfront development on Al Marjan Island in Ras Al Khaimah. A total of 171 landside villas have been completed and are ready for handover. This includes 143 townhouses and 3- and 4-bedroom villas, with internal and external works, service installations, and infrastructure fully finalised. The construction work is currently under way on the breakwater villas and the apartment tower, said the statement from DIR. In addition, 28 premium landside villas featuring spacious 4- and 5-bedroom configurations have also reached 100% completion, with all construction and landscaping works concluded, it stated. According to DIR, the progress continues on the Breakwater…

Al Hamra, the leading lifestyle developer and real estate investment company in Ras Al Khaimah, has officially launched two landmark residential developments Al Hamra Greens and Aila Homes - with a combined investment value of more than AED3 billion ($817 million). The launch event, held at Madinat Jumeirah, Dubai, was attended by over 1,000 brokers and industry stakeholders. Located in Al Hamra Village, both projects highlight the developer’s focus on design-led, high-quality living. Al Hamra Greens is a wellness-centric community inspired by Scandinavian design and rooted in the philosophy of “Reconnect with Living,” said the developer. Located opposite RAK Central, it offers breathtaking views of RAK’s urban hub, the Al Hamra Championship Golf Course, and…

UAE-based Mira Developments and Gianfranco Ferré Home have joined hands to unveil its premium waterfront development - Gianfranco Ferré Residences - at the very tip of Al Marjan Island in the northern emirate of Ras Al Khaimah. Established in 2014, the Gianfranco Ferré Home line creates elegant and exclusive furnishings, reflecting an eclectic, versatile and timeless style. The collection is rooted in the creative legacy of Gianfranco Ferré, the 'Architect of Fashion', an iconic figure in the fashion world. Unveiling the project, Mira Developments said these fully furnished, ready-to-move-in homes offer majestic aquatic scenery from nearly every point of view, surrounded by the Arabian Gulf on three sides. The tranquil rhythm of the sea is complemented by…

UAE - Ardee Developments, the newest player in the UAE’s real estate market, has officially launched with the unveiling of Ardee Al Marjan Island - a landmark multipurpose destination and the largest development on Al Marjan Island, Ras Al Khaimah.  Spanning over 2.5 million sq ft, Ardee Al Marjan Island is a multibillion-dirham flagship project designed as a vibrant lifestyle community. Blending luxury living with hospitality, retail, leisure, and entertainment, the master-planned development will feature branded and serviced residences, townhouses, and private villas, along with a luxury hotel, an immersive F&B and retail promenade, and diverse lifestyle amenities — all integrated into a seamless, future-forward coastal environment, said the developer. On the…

RAS AL KHAIMAH - The Lands and Properties sector of Ras Al Khaimah Municipality achieved remarkable results in 2024, recording registered real estate transactions worth over AED15 billion. This reflects the significant activity in the emirate's real estate sector and the market's robust growth. A total of 2,985 sales transactions were recorded, surpassing AED6 billion in value. Additionally, 1,224 mortgage transactions were completed, with contract values exceeding AED4 billion, alongside 845 assignment transactions with a total market value of more than AED3 billion.

UAE - OCTA Properties and world-renowned fashion and lifestyle brand Elie Saab have unveiled La Mer by Elie Saab, a signature development located on the prestigious Al Marjan Island in Ras Al Khaimah, developed by ARTE Developments. The project features three beachfront towers, connected through various levels with a dual lobby. The development boasts 355 residences ranging from 874 sq ft to 14,484 sq ft. These will be categorised into 10 different residence categories from one-bedroom apartments to chalets and villas, and nine exclusive penthouses spanning between 10,453 sq ft and 14,484 sq ft. The residences, designed with Elie Saab’s signature style, provide an exclusive living experience complemented by signature pieces from the Elie Saab Maison furniture collection. An…

RAK Properties (ADX: RAKPROP), Ras Al Khaimah's leading publicly listed property developer, has released its consolidated financial results for the third quarter of 2024, showcasing consistent financial growth and strategic advancements. RAK Properties recorded remarkable growth across metrics, including a 30% year-on-year increase in revenue to AED891 million. This growth is a testament to the successful execution of the company’s strategic vision for Mina Al Arab RAK and the diverse appeal of its project portfolio across residential, commercial, and hospitality projects, which continue to attract robust interest from both investors and end-users. The increase in profit before tax and gross profit, both by 27% and 46% respectively compared to last year, reflects RAK…

  Octa Properties, a premier development management firm in Dubai, has partnered with renowned fashion and lifestyle brand Elie Saab for the unveiling of La Mer by Elie Saab, a signature development located on Al Marjan Island in Ras Al Khaimah. The project is being developed by ARTE Developments, a prominent luxury property developer in the UAE. La Mer by Elie Saab features three beachfront towers, seamlessly connected through various levels with a dual lobby. The development will boast a total of 355 residences ranging from 874 sq ft to 14,484 sq ft units. These apartments will be categorised into ten different residence categories from one-bedroom units to chalets and villas, and nine exclusive penthouses spanning between 10,453 sq ft and 14,484 sq ft. The Residences, designed…

UAE-based Major Developers and its consultants, Federal Engineering Consultants have announced that steady progress is being made on its AED1 billion ($272 milion) Manta Bay project on Al Marjan Island in Ras Al Khaimah. On completion, this luxury development will redefine luxury living in Ras Al Khaimah, combining modern comforts with architectural brilliance inspired by the majestic manta ray, stated the developer. Featuring a lagoon lake alongside the first-ever attached water jogging track spanning 252 meters and covering an area of 2,500 sq m, Bay is set to offer an immersive island living experience. The building profile, resting on a lagoon, is anchored by the entrance’s striking Great Wall feature, all designed to echo the elegance and allure of the manta ray. The…

AARK Developers, one of the leading real estate companies in the UAE, has announced the launch of its landmark AED4 billion ($1.08 billion) development - Sora Beach Residences - on Al Marjan Island in Ras Al Khaimah.   Set across a build-up area of 1.8 million sq ft, Sora Beach Residences is designed to provide an unparalleled lifestyle experience, complete with direct access to a private 1,000-foot beach, ensuring exclusivity and tranquility, said the Emirati developer. The architectural brilliance behind Sora Beach Residences is led by Nikken Sekkei, a globally renowned Japanese firm celebrated for its innovative designs. The residences within the project feature seamless integration with their natural surroundings, allowing for unobstructed views of the Arabian Gulf from every…

Al Hamra, a key lifestyle developer and real estate investment company in Ras Al Khaimah, will be targeting UK and GCC investors and residents via a special activation in London at the world’s leading luxury department store, Harrods.       In a first for a regional developer, and running for the whole month of August, Al Hamra will have a stand on Harrods’ fifth floor showcasing the exclusive luxury living options at a range of recently launched premium and ultra luxury residential properties to potential investors.   Part of a wider initiative to connect with target audiences in key locations, Al Hamra’s Harrods activation will allow the potential investors to explore Destination Al Hamra in Ras Al Khaimah and the premium lifestyle it offers,…

Almal Real Estate Development, a Dubai-based developer of luxury residential projects, recently broke ground for its second project after the award-winning Harrisoni La Mer luxury villas. The $280 million 'The Unexpected Al Marjan Island Hotel and Residences', located on Al Marjan Island in the emirate of Ras Al Khaimah (RAK), is anticipated to be ready in two years.   Almal Real Estate Development's Founder Dmitriy Starovoitov said the land for the Al Marjan project was acquired in 2023.   He told Zawya Projects that the choice of Ras Al Khaimah for the 422-key luxury hotel and residences project was a strategic decision rooted in the evolving dynamics of the UAE real estate sector.   "While Dubai has traditionally dominated, Ras Al Khaimah is emerging as a key…