What is the story about?
What's Happening?
Marjan, a developer of freehold properties in Ras Al Khaimah, UAE, has unveiled plans for Marjan Beach, a new mixed-use beach town. The development aims to bolster the region's tourism and hospitality sectors by introducing 12,000 hotel keys and 22,000 residential units. Spanning 85 million square feet, the project will feature eight neighborhoods, three kilometers of beachfront, and 6.5 million square feet of open green spaces. Marjan Beach is designed to accommodate up to 180,000 visitors annually and will serve as both a residential community and a tourism destination. The development is strategically located near the Arabian Gulf and Al Marjan Island, with improved connectivity through ongoing roadworks.
Why It's Important?
The launch of Marjan Beach is significant for the UAE's tourism and real estate sectors, potentially attracting a large number of visitors and residents. By expanding the hospitality infrastructure, the project is expected to create numerous job opportunities and stimulate economic growth in the region. The development aligns with Ras Al Khaimah's vision to enhance its appeal as a premier tourist destination, thereby increasing its competitiveness in the global tourism market. The introduction of extensive residential units also addresses the growing demand for housing in the area, contributing to the region's urban development.
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