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Major Developers, a prominent UAE-based developer, recently announced the launching of a groundbreaking project on Al Marjan Island in Ras Al-Khaimah. Named Manta Bay, this ambitious development is set to redefine luxury living with its innovative features and world-class amenities. One of the most notable attractions of Manta Bay is the world’s first rooftop beach, offering residents a truly unique and unparalleled experience.
Unveiling the Vision
The CEO of Major Developers, Andrei Charapenak, has expressed his vision of setting world records with every project the company undertakes in the UAE. Manta Bay is no exception, with plans to create the highest beach in the world complete with its own sand and seawater. This visionary approach underscores Major Developers’ commitment to pushing the boundaries of luxury living and innovation.
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Construction Milestones
Construction work on Manta Bay has already commenced and is scheduled for completion by the end of 2026. The residential freehold project, with an estimated cost of Dh400 million, will comprise 450 units, with prices starting from Dh1.2 million. This project represents a significant investment in the future of Ras Al-Khaimah and is poised to set new standards in luxury real estate development.
Investment Potential
Charapenak has highlighted the strong interest from US investors in Manta Bay, particularly with the upcoming arrival of the American gaming operator Wynn Resort on Al Marjan Island. Investors who purchase apartments in Manta Bay can expect to see substantial returns, with the potential for investments to rise by up to 70% by the project’s completion. This represents one of the highest returns on investment in the global real estate market, making Manta Bay an attractive opportunity for savvy investors.
Tourism and Economic Impact
The Ras Al Khaimah government anticipates a significant increase in tourism following the opening of the American gaming resort on Al Marjan Island. With an expected influx of five million tourists, the demand for hotels and apartments is set to surge. This spike in demand is expected to drive up property prices on Al Marjan Island, making it a lucrative market for investors looking to capitalize on the growing tourism sector.
Future Projects and Expansion
In addition to Manta Bay, Major Developers has plans to launch another project in Dubai to capitalize on the rising demand for residential properties in the emirate. The presence of major developers such as Aldar and Emaar on Al Marjan Island further highlights the strong potential for growth and investment in the region.
Strategic Advantages of Ras Al Khaimah
Naren Vish, Chief Marketing Officer of Major Developers, has emphasized Ras Al Khaimah’s strategic advantages, including its location, infrastructure enhancements, and increasing demand for real estate. These factors position Ras Al Khaimah as a key player in the UAE’s real estate market, with significant growth potential in the coming years.
Conclusion
The launch of Manta Bay represents a milestone in luxury real estate development in the UAE. With its innovative features, world-class amenities, and strategic location on Al Marjan Island, Manta Bay is set to redefine luxury living in Ras Al-Khaimah. Investors and residents alike can look forward to a truly exceptional living experience at Manta Bay.
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