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Tag: Ras Al Khaimah

Construction & Real Estate

RAK property market sees strong demand in H1, apartment prices up 18pc

Ras Al Khaimah's property market continued to attract investment during the first half, supported by demand for residential and tourism-related assets and a growing pipeline of major developments. Apartment sale prices rose about 18% year-on-year to AED2,298 per square foot, while villa prices increased 7.3%, said a report....

Construction & Real Estate

Work in full swing at Sheraton-branded homes in Ras Al Khaimah

Atara Development said steady progress is being made on its premium project - The Residences at Sheraton Al Marjan Island Resort in Ras Al Khaimah - with shoring, piling and foundation works in full swing. On completion, it will boast 168 furnished homes with a mix of one- and two-bedroom units. ...

Construction & Real Estate

JK Cement opens construction chemicals manufacturing unit in Ras Al Khaimah

JK DryChem Industries, a subsidiary of India’s leading cement manufacturing giant JK Cement, has officially launched its manufacturing facility in Ras Al Khaimah Economic Zone (RAKEZ), marking the next phase of the company’s expansion in the UAE and wider region....

Construction & Real Estate

RAK Ceramics Q2 profit rises on big UAE, Saudi demand

RAK Ceramics, a leading UAE ceramics brand, has reported a higher second-quarter net profit, which surged by 2.9%, while its revenue hit AED823 million ($224 million) supported by demand in UAE, Saudi Arabia and Bangladesh despite regional disruptions and higher logistics costs. ...

Construction & Real Estate

BNW to build 10,000 new residences in UAE over next four years

UAE-based BNW Developments has announced plans to develop around 10,000 homes across Dubai and Ras Al Khaimah over the next four years as it expands its footprint in the UAE, with Indian investors emerging as a key contributor to its growth strategy. ...

Construction & Real Estate

BNW in deal to develop world’s first Dolce Residences by Wyndham in RAK

BNW Developments has sealed a strategic partnership with Wyndham Hotels & Resorts for the debut launch of its branded Dolce Residences Ras Al Khaimah on Al Marjan Island. Set for 2028 handover, it will feature 93 premium residential units and five exclusive retail spaces. ...

Construction & Real Estate

Marjan, Wynn Resorts break ground on Janu Al Marjan Island

Marjan and Wynn Resorts have broken ground on Janu Al Marjan Island in Ras Al Khaimah, marking the start of construction on the emirate’s first Janu destination, a luxury hospitality and branded residential project scheduled to open in 2029....

Construction & Real Estate

Ras Al Khaimah set to deliver over 25,000 new homes by 2030

Ras Al Khaimah is expected to add more than 25,000 residential units over the next four years, with apartments accounting for 97% of the planned supply, mainly driven by population growth, higher foreign investment and expanding business activity in the emirate, said an real estate industry expert....

Construction & Real Estate

25,600 new residential units in pipeline in Ras Al Khaimah

The Emirate of Ras Al Khaimah (RAK) has 25,600 new residential units in the pipeline between now and 2030, with apartments accounting for 97% of future supply, according to new insight from leading real estate advisory group Cavendish Maxwell. ...

Construction & Real Estate

Luxe awards fit-out contract for major RAK residential tower

UAE-based Luxe Developers has awarded a key fit-out contract to Interiors International Industries for its flagship Oceano development on Al Marjan Island in Ras Al Khaimah. On completion, Oceano will boast 225 ultra-luxury residences across two interconnected towers as well as 11 retail units. ...

Construction & Real Estate

Dubai Investments completes delivery of 189 villas at Al Marjan Island

Dubai Investment said it has completed the final phase of villa handovers at Danah Bay, its mixed-use beachfront development on Al Marjan Island in Ras Al Khaimah. The delivered portfolio features a mix of townhouses, three- to five-bedroom units in addition to key beachfront residences. ...

Construction & Real Estate

Saint-Gobain strengthens regional footprint with new facility in Ras Al Khaimah

Global leader in light and sustainable construction, Saint-Gobain inaugurated its new construction chemicals manufacturing unit in Ras Al Khaimah, reinforcing its long-term commitment to the UAE market and expanding its regional product range offer along with production capabilities. ...

Construction & Real Estate

Elevate reports $34.72m new transaction at Mondrian Al Marjan

Elevate, a lifestyle real estate brand behind Mondrian Al Marjan Island Beach Residences, developed in partnership with lifestyle hospitality company Ennismore, has announced a landmark transaction exceeding AED127.5 million ($34.72 million) at the project....

Construction & Real Estate

Shyam Steel expands industrial footprint with strategic RAK investment

Shyam Middle East Resources, a part of India’s renowned Shyam Steel Group, is set to establish a non-ferrous metals processing and manufacturing facility at Al Ghail Industrial Zone in Ras Al Khaimah Economic Zone. The project marks a significant step in the group’s global expansion strategy. ...

Construction & Real Estate

Hira boosts RAK presence with new factory, warehouse facility

Hira Industries, a global manufacturer and supplier serving the construction sector since 1980, has expanded its operations at Ras Al Khaimah Economic Zone (Rakez) with the addition of a new factory and warehouse facility at Al Ghail Industrial Zone. ...

Construction & Real Estate

Dubai Investments unit achieves key safety milestone at RAK project

Dubai Investments said its real estate subsidiary Dubai Investment Real Estate (DIR) has achieved a major milestone at its flagship Danah Bay development on Al Marjan Island, Ras Al Khaimah, by clocking 2 million safe working man-hours without a Lost Time Injury (LTI) across the residential and hotel towers. ...

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