Marjan: The master-developer of freehold property in Ras Al Khaimah
Marjan is the master-developer of freehold property in Ras Al Khaimah, responsible for path-breaking developments aimed at positioning Ras Al Khaimah as one of the region’s preferred lifestyle and investment destination.
Marjan is mandated with developing waterfront, urban and mountain destinations that will add to the competitiveness of the emirate. Its strategic master-planning approach is to leverage Ras Al Khaimah’s natural assets and lay the foundations of the emirate’s future expansions.
Marjan offers for international investors an array of benefits including 100% foreign ownership, 100% repatriation of capital & profits within Marjan’s destinations. Other incentives include no corporate tax, 0% personal tax and a low VAT of 5% as of 2018.
Al Marjan Island is the flagship development of Marjan. A man-made island that is seamlessly transitioning into a world-class resort destination, Al Marjan Island currently has over 1,600 operational five-star hotel keys, including Rixos Hotels, Hilton Hotels & Resorts and Accor Hotels brands, and more than 2,000 residential units including Bab Al Bahar residential and Pacific by Select Group.
The destination has 3,500 hotel keys under development, including new brands such as Address Al Marjan Island by Emaar Hospitality Group, Movenpick, AVANI Hotels & Resorts by Minor Hotels, Park Inn by Radisson, Hampton and Conrad by Hilton, Cristal Hotel, Grand Millennium and Rove Marjan, with more to be announced. In addition, 900 residential units are under construction by Uniestate.