Marjan Unveils RAK Property Opportunities at Expo Real

Marjan Unveils RAK Property Opportunities at Expo Real

UAE’s master developer Marjan showcased investment opportunities in Ras Al Khaimah (RAK), mainly in the property and hospitality sectors, at Expo Real, the international trade fair for real estate and investment, Invest-Gate reports.

Representing Ras Al Khaimah, Marjan did not only present the investment value proposition offered by its mega-development Al Marjan Island, but “the enormous value Ras Al Khaimah offers for investors through assured returns and yields,” the Emirati developer said in a press release on October 8.

According to industry estimates, investing in Ras Al Khaimah offers property investors the dual advantage of 20-25% per lower development cost as well as a return on investment of about 15.8% on hospitality and 20-30% on residential projects. An annual 10% yield is assured on residential leasing too, the company noted.

Marjan offered potential investors some extra benefits, including 100% foreign ownership as well as repatriation of capital and profits within its destinations; other incentives involved no corporate tax and zero personal tax. Besides, there were no foreign exchange contracts reducing extra costs and any uncertainties, the statement confirmed.

Marjan CEO Abdulla Al Abdouli said, “Expo Real serves as a gateway to investors from Europe, who are increasingly focused on global investments that assure long-term returns. With our strong track record of attracting high-value investors from Europe and other parts of the world to Ras Al Khaimah, we see our participation in the event driving more foreign investments.”

Held at Messe Munich Exhibition Center in Germany, Expo Real brings together industry stakeholders from all over the world, together with high net worth investors that are keen on exploring various investment opportunities in the global real estate sectors.


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