Page 53 - Magazine February 2023

RAK Properties awards Marbella Villas Phase Two contract

RAK Properties, a leading real estate developer in Ras to a range of amenities designed to help visitors
Al Khaimah, has awarded the main contract for the and residents relax and unwind, including the
construction of the second phase of Marbella Villas InterContinental Ras Al Khaimah Mina Al Arab Resort
- a key residential project located on Hayat Island & Spa, Marbella resident’s club, community park,
in the northern emirate - to UAE contractor Gulf waterfront promenade, seafront dining and retail, and
Contracting. scenic cycle and pedestrian paths, it stated.
Phase Two of Marbella Villas will feature a total of On the project award, CEO Sameh Al Muhtadi said:
89 residences with a mix of two-, three- and four- «We are extremely pleased to announce the award of
bedroom luxury villas and townhouses with direct the construction contract for Phase Two of Marbella
access to the beach. Villas to Gulf Contracting. The Phase One villas sell-
Located on Hayat Island in Mina Al Arab, the project out has paved the way for this exciting next phase
is in close proximity to the Anantara Mina Al Arab which we will be launching shortly.»
Ras Al Khaimah Resort, said the statement from RAK Established in 2005, RAK Properties has successfully
Properties. developed over 3,000 residential units, 372,000 sq
The bustling island community offers natural views of ft of office space and 260,000 sq ft of retail in the
the Arabian Gulf and Hajar mountains and is home emirate, he added.

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