Thursday 13 August 2020

RAK Properties signs $136m deal for villas project

RAS AL-KHAIMAH, April 21, 2019

RAK Properties, one of the UAE’s leading property developers, has signed a construction, infrastructure and landscape work contract with Al Ali Construction & Development for its Dh500-million ($136 million) villas project.

Situated in the prestigious Hayat Island Ras Al Khaimah, Marbella Villas consists of 205 contemporary designed villas and townhouses facing a serene ocean front. The villas on the property are expected to be an amalgamation of traditional and modern design and feature luxury rooms in a comfortable and tranquil surrounding. Property seekers have the option to choose from a wide range of 2 and 3 bedroom townhouses, 4 and 5 bedroom villas and one prime 8 bedroom VIP villa.

The mixed-use property provides access to several leisure and entertainment facilities located around Angel Bay. In addition, residents can also enjoy access to a leisure clubhouse with two outdoor pools, two gyms, a multi-purpose hall and café, landscaped areas with comfortable seating and a play area for children.

RAK Properties CEO Samuel Dean Sidiqi said, “Living at Marbella Villas will be a once in a lifetime experience for anyone choosing to live in one of our well designed homes. We have combined the finest of architecture and luxury keeping in mind the requirements of home seekers.”

Sidiqi added, “We are excited with the response received after the initial phase opened and are looking forward to working more on the infrastructure and landscaping, bringing to life an unforgettable living experience. With Phase 1 already selling out quickly, demand remains strong for best in class waterfront homes such as Marbella Villas from both domestic and international buyers.” – TradeArabia News Service


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