Major Developers Break Ground on AED 1 Billion Manta Bay Project, Redefining Ras Al Khaimah's Luxury Real Estate Sector
Major Developers has commenced the Manta Bay project on Al Marjan Island, marking a significant milestone in Ras Al Khaimah's luxury real estate market. The AED 1 billion development aims to enhance Ras Al Khaimah's appeal as a luxury destination and aligns with the emirate's growth strategy. The groundbreaking ceremony, held on September 19, 2024, was attended by key figures from Marjan, Federal Engineering Consultants, and Civil Power General Contracting LLC.
Manta Bay comes at a time of strong market growth, with Ras Al Khaimah's real estate sector experiencing a 15% increase in transactions during the first half of 2024. The project will feature panoramic sea views, private beach access, and a wellness center, catering to high-net-worth investors and raising the bar for luxury living in the emirate.
