Al Marjan Island, the main developer of freehold areas in Ras Al Khaimah, showcased attractive and high-value investment opportunities in various sectors including residential property, retail and tourism within the mega-development at the Moscow IELP (International Emigration & Luxury Property) Expo and the Kyiv IELP Expo. The company’s participation gained strong response from the international investor community in Russia and Kyiv.
Through the participation, Al Marjan Island highlighted the robust investment proposition assured by Ras Al Khaimah and Al Marjan Island that will appeal to high net worth investors in Russia and the CIS countries.
Both were prestigious events attended by industry leaders and global B2B companies from over 30 countries in addition to law firms, emigration agencies, international real estate agencies and consultancies. Visitors included individuals interested in purchasing luxury real estate, international entrepreneurs and others from Russia, Azerbaijan, Kazakhstan, Georgia, Belarus, Uzbekistan, Armenia, and other CIS countries.
Eng. Abdullah Al Abdooli, CEO of Al Marjan Island, said: “We have been witnessing significant investor interest from Russian and CIS investors, and through our participation at the Moscow and Kyiv IELP Expos, we presented the differentiating value propositions of Al Marjan Island and Ras Al Khaimah, and gained strong investor interest. A premier investment destination and a fast-growing tourism hub, Ras Al Khaimah offers investment opportunities in diverse sectors including manufacturing, trade, hospitality and retail, in addition to the advantages of low development cost and high returns on investment.”
According to estimates, the development cost in Al Marjan Island and Ras Al Khaimah is at least 20 to 25 per cent lower than the regional average, and returns on investment are over 16 per cent on hospitality development and up to 45 to 60 per cent on residential property. Further, property investors stand to gain about 12 per cent returns per annum on residential leasing.
The Emirate of Rash Al Khaimah recorded a growth in GDP of 4.5 per cent in 2016, higher than the national average. Highlighting the potential in tourism-related investments, tourist arrivals to Ras Al Khaimah grew 19 per cent in 2017, and is expected to reach 1 million this year. The A/A-1 sovereign rating with stable outlook and the projected GDP growth of about 4.5 to 5 per cent serve as strong incentives for long-term investors.
Ras Al Khaimah also has one of the largest economic zones in the region more than 13,000 companies that enable investors to have 100 per cent ownership and zero income tax. Only four hours flying distance away from 31 per cent of the world population and eight hours from 76 per cent of the global population, Ras Al Khaimah offers excellent airline connectivity. The emirate supports tourism and resort development and features the UAE’s tallest mountain offering spectacular views, and a rich cultural heritage.
Al Marjan Island is the sought-after investment destination offering international investors the option of purchasing land plots with development rights. The infrastructure is already developed under a plug-and-play model. Most of the plots are designated for residential units, resort hotels, community facilities and retail.
Benefits to international investors include zero per cent income and personal tax, 100 per cent foreign ownership, no foreign exchange controls, 100 per cent repatriation of capital and profits, 100 per cent ready infrastructure and 100 per cent availability of utilities services. Al Marjan Island is also regulated by the Ras Al Khaimah Real Estate Regulatory Authority ensuring peace of mind for investors that their investment is in safe hands with accountability and transparency.
Al Marjan Island is only 15 minutes away from the Ras Al Khaimah International Airport and 45 minutes from the Dubai International Airport. In all, the master-planned community will feature 7.8 kilometres of beaches, 23 kilometres of waterfront, 6,500 planned residential units, 8,000 planned hotel rooms, 400-room wellness retreats and 600 holiday villas.
For more information, please visit: www.almarjanisland.com