Almarjan Island
Land Sale Description Revision:
### Land Sale
Seize this exceptional opportunity to acquire land adaptable for diverse developments including hotel, residential, retail, leisure, or mixed-use projects. This offer stands perfect for both established and burgeoning developers.
### Investor Responsibilities
- Demonstrate creditworthiness with relevant documents.
- Settle on commercial terms and a project completion date with Marjan.
- Secure necessary authorizations from pertinent authorities for project development.
- Arrange suitable financing for the endeavor.
- For hotel developments, select a renowned operator to oversee the project post-completion and initiation.
### Anticipated Returns
- Project an Equity IRR of 16% for hospitality assets.
- Expect an Equity IRR ranging from 20% to 30% for residential developments available for sale.
### Development Budget
- Estimate a financial involvement of USD 30 Million to beyond USD 100 Million.
- The expected development budget (excluding land) for hospitality developments stands between USD 30 million and over USD 100 million, variable based on star rating and the number of hotel keys.
Land Sale Description Revision:
### Land Sale
Seize this exceptional opportunity to acquire land adaptable for diverse developments including hotel, residential, retail, leisure, or mixed-use projects. This offer stands perfect for both established and burgeoning developers.
### Investor Responsibilities
- Demonstrate creditworthiness with relevant documents.
- Settle on commercial terms and a project completion date with Marjan.
- Secure necessary authorizations from pertinent authorities for project development.
- Arrange suitable financing for the endeavor.
- For hotel developments, select a renowned operator to oversee the project post-completion and initiation.
### Anticipated Returns
- Project an Equity IRR of 16% for hospitality assets.
- Expect an Equity IRR ranging from 20% to 30% for residential developments available for sale.
### Development Budget
- Estimate a financial involvement of USD 30 Million to beyond USD 100 Million.
- The expected development budget (excluding land) for hospitality developments stands between USD 30 million and over USD 100 million, variable based on star rating and the number of hotel keys.
Al Marjan Island
### Master Development by Built To Last Discover the marvel of a man-made island in Ras Al Khaimah, where the harmonious blend of sun, sand, and sea graces every day of the year. ### A Land of Beauty and Heritage Behold the allure of Ras Al Khaimah, an emirate that captivates everyone with its deep-rooted and authentic history, spanning over 7,000 years. Surrounded by the UAE’s largest and most picturesque mountains, the emirate boasts immaculate white sandy beaches and a stunning terracotta desert. Located a brief drive from the vibrant city of Dubai, Ras Al Khaimah transports its visitors to its traditional Arabian origins, offering a unique opportunity to relish a harmonious blend of modern lifestyle and rich, cultural traditions. Immerse yourself in the splendor and heritage of this beautiful land, and embrace the exceptional experience it offers.
