Business

Al Marjan Island, the main developer of freehold areas in Ras Al Khaimah, showcased appealing and high-value investment chances in different sectors consisting of house, retail and tourism within the mega-development at the Moscow IELP (International Emigration & Luxury Property) Expo and the Kyiv IELP Exposition. The company's participation obtained solid reaction from the international investor community in Russia and Kyiv.

Through the involvement, Al Marjan Island highlighted the robust investment proposal assured by Ras Al Khaimah and Al Marjan Island that will certainly appeal to high net worth investors in Russia and the CIS countries.

Both were prestigious events attended by industry leaders and global B2B firms from over 30 countries in addition to law practice, emigration firms, worldwide realty agencies and working as a consultants. Visitors included individuals interested in acquiring luxury property, global entrepreneurs and others from Russia, Azerbaijan, Kazakhstan, Georgia, Belarus, Uzbekistan, Armenia, and various other CIS countries.

Eng. Abdullah Al Abdooli, Chief Executive Officer of Al Marjan Island, said: "We have been witnessing substantial investor rate of interest from Russian and CIS investors, and through our engagement at the Moscow and Kyiv IELP Expos, we offered the setting apart value suggestions of Al Marjan Island and Ras Al Khaimah, and acquired strong investor rate of interest. A premier investment location and a fast-growing tourism center, Ras Al Khaimah offers financial investment possibilities in diverse industries consisting of manufacturing, trade, hospitality and retail, along with the benefits of reduced advancement price and high returns on investment."

Inning accordance with quotes, the development price in Al Marjan Island and Ras Al Khaimah goes to the very least 20 to 25 percent less than the regional standard, and rois more than 16 per cent on hospitality growth and approximately 45 to 60 per cent on house. Even more, building capitalists stand to gain concerning 12 per cent returns per year on property leasing.

The Emirate of Rash Al Khaimah tape-recorded a development in GDP of 4.5 percent in 2016, higher than the national average. Highlighting the potential in tourism-related financial investments, tourist arrivals to Ras Al Khaimah grew 19 per cent in 2017, and is anticipated to get to 1 million this year. The A/A -1 sovereign rating with secure overview and the predicted GDP growth of about 4.5 to 5 percent function as strong incentives for long-term investors.

Ras Al Khaimah also has among the largest financial zones in the region more than 13,000 firms that make it possible for capitalists to have 100 per cent ownership and absolutely no revenue tax obligation. Just 4 hours flying range far from 31 per cent of the world populace and 8 hours from 76 percent of the global population, Ras Al Khaimah offers excellent airline connection. The emirate supports tourism and hotel development and showcases the UAE's highest hill offering stunning views, and an abundant cultural heritage.

Al Marjan Island is the desired investment destination offering worldwide financiers the option of purchasing land stories with development civil liberties. The infrastructure is currently created under a plug-and-play design. The majority of the plots are marked for property systems, resort hotels, community facilities and retail.

Benefits to international financiers consist of absolutely no per cent income and personal tax obligation, 100 percent international ownership, no foreign exchange controls, 100 per cent repatriation of capital and revenues, 100 percent all set framework and 100 percent availability of utilities solutions. Al Marjan Island is additionally regulated by the Ras Al Khaimah Realty Regulatory Authority making sure comfort for investors that their investment remains in secure hands with accountability and transparency.

Al Marjan Island is only 15 mins away from the Ras Al Khaimah International Airport terminal and 45 mins from the Dubai International Airport. In all, the master-planned community will certainly showcase 7.8 kilometres of coastlines, 23 kilometres of waterfront, 6,500 prepared property systems, 8,000 planned hotel spaces, 400-room wellness hideaways and 600 holiday villas.

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