Ras al-Khaimah resort takes shape

09 July 2004
Privately-owned, Ras al-Khaimah-based Al-Hamra Real Estate Development Companyis developing an AED 1,000 million ($270 million) tourist resort, one of a number of schemes in the emirate to attract tourists and long-term residents.
Privately-owned, Ras al-Khaimah-based Al-Hamra Real Estate Development Companyis developing an AED 1,000 million ($270 million) tourist resort, one of a number of schemes in the emirate to attract tourists and long-term residents.

The complex will be located near the existing Al-Hamra Fort Hotel, on the coast south of Ras al-Khaimah town. On completion, scheduled for 2006, the resort will comprise 1,300 residential units, a five-star hotel, a three-star hotel, a marina, an 18-hole golf course and other leisure facilities. About 350 units have already been sold. The properties are the first in Ras al-Khaimah to be open for sale to expatriates on an unencumbered freehold basis.

The masterplan for the resort was developed by Design & Architecture Bureau (DAR)of Dubai and the UK's Maunsellis the infrastructure consultant. In January, the government of Ras al-Khaimah launched an architectural competition to design a number of hotels and resorts, following its approval of a tourism masterplan in 2003 (MEED 23:1:04).

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications