UAE to Unveil World’s Highest Rooftop Beach on Al Marjan Island: Sky-High Luxury Awaits!

Friday, 12 July 2024

UAE-based Major Developers has announced the launch of the Dh1-billion Manta Bay on Al Marjan Island in Ras Al Khaimah. This groundbreaking project will feature the world’s first rooftop beach, offering a unique and luxurious experience. The construction is already underway, with completion expected by the end of 2026.

A World Record in the Making

Unparalleled Beach Experience: The rooftop beach, the highest of its kind globally, will be equipped with its own sand and seawater, setting a new standard in luxury living.
Visionary Leadership: Andrei Charapenak, CEO of Major Developers, emphasized the company’s commitment to achieving world records with each of its UAE projects. “We believe it is the perfect time to invest in Ras Al Khaimah, as the emirate will experience a significant influx of tourists, especially following the opening of the Wynn Resort on Al Marjan Island,” said Charapenak.

Strong Investor Interest and Potential Returns

Attracting US Investors: The project has garnered strong interest from US investors, driven by the presence of the American gaming operator, Wynn Resort, on Al Marjan Island.
Investment Growth: Charapenak highlighted the potential for substantial returns, noting that investors who purchase apartments now could see their investments increase by up to 70% by the project’s completion.

Key Features of Manta Bay

Dh400 Million Freehold Project: The residential development will consist of 450 units, with prices starting from Dh1.2 million.
Strategic Location: positioned on Al Marjan Island, the development will likely attract significant demand due to the limited supply of hotels and apartments.

Future Prospects and Expanding Portfolio

Anticipated Tourism Surge: The Ras Al Khaimah government expects five million tourists to visit the northern emirate after the opening of the Wynn Resort. This surge will likely drive property demand and prices higher on Al Marjan Island.
Upcoming Projects: Charapenak also revealed plans to launch another project in Dubai, capitalizing on the growing demand for residential properties in the emirate.

Strategic Importance of Ras Al Khaimah

Market Potential: Naren Vish, Chief Marketing Officer of Major Developers, stated that Ras Al Khaimah will capture a significant share of the UAE’s real estate market, driven by its strategic location, extensive infrastructure enhancements, and growing demand.
Competitive Edge: With major developers like Aldar and Emaar already announcing projects on Al Marjan Island, the area is quickly becoming a hotspot for investment.

This innovative project, Manta Bay, not only promises to redefine luxury living but also positions Ras Al Khaimah as a prime destination for real estate investment.