Major Developers Wins Arabian Property Award for AED 1 Billion Manta Bay on Al Marjan Island
Major Developers, a leading UAE-based real estate company, has been awarded the Arabian Property Award for Best Apartment/Condominium Development in Ras Al Khaimah for its prestigious project, Manta Bay. The awards ceremony, held at the Habtoor Grand Resort Hotel in Dubai, celebrated excellence in the real estate sector across the region.
A Milestone in Luxury Living
Manta Bay, an AED 1 billion landmark project on Al Marjan Island, epitomizes innovation and luxury, with architectural design inspired by the manta ray. The project features panoramic sea views, cutting-edge amenities, and sustainable practices, aligning with Ras Al Khaimah’s growing demand for upscale residential properties.
Speaking about the achievement, Andrei Charapenak, CEO of Major Developers, expressed pride in the recognition:
"This award underscores our commitment to delivering innovative and high-quality developments that redefine luxury living in Ras Al Khaimah. Manta Bay is a testament to our dedication to excellence and a significant milestone for our company."
Meeting Market Demand
With Ras Al Khaimah’s population projected to grow significantly by 2030, driven by increasing tourism and a flourishing real estate market, Manta Bay addresses the growing need for high-quality residential units. The emirate is expected to require an additional 45,500 upscale housing units by the end of the decade, and Manta Bay is strategically positioned to meet this demand.
The project has attracted exceptional interest from investors and end-users, contributing to Ras Al Khaimah’s robust real estate sector, which recorded a 15% increase in transactions in 2024.
Recognition for Excellence
The Arabian Property Awards, now in their 31st year, are the largest and most prestigious accolades in the global real estate industry. Judged by over 100 independent industry experts, the awards emphasize design, quality, service, innovation, originality, and sustainability. Winning the Best Apartment/Condominium Development category highlights Manta Bay’s transformative impact on Ras Al Khaimah’s luxury real estate landscape.
A Vision for the Future
With a flourishing hospitality market and growing investor interest, Ras Al Khaimah is solidifying its position as a global destination for luxury living. Manta Bay serves as a cornerstone for the emirate’s ambitious growth strategy, attracting high-net-worth individuals and international investors while setting new standards for residential development in the region.
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