Al Marjan Island is a hospitality magnet

Ras Al Khaimah is reinforcing its position as a premier investment destination in the world thanks to its advanced infrastructure, world-class communications, unique investment environment and competitive return on investment (ROI), a top official has observed.

Abdullah Rashed Al Abdouli, MD of Al Marjan Island (AMI) Company, said that Ras Al Khaimah is gaining further global significance as far as investments, tourism, entertainment and hospitality are concerned as the market of Ras Al Khaimah pays special attention to the upcoming demand drivers, the characteristics of supply, the key performance indicators and the return on investment.

AMI, the first man-made island project in Ras Al Khaimah, is participating as platinum sponsor at the 12th Arabian Hotel Investment Conference, which is being held under the patronage of Shaikh Ahmed bin Saeed Al Maktoum, chairman of Dubai Airports, president of the Dubai Department for Civil Aviation, and chairman and CEO of Emirates.

A recent study conducted by Colliers International said that Ras Al Khaimah can offer competitive and attractive hotel investment returns for owners/developers. It added that in RAK, beach resorts in particular, have shown high profit conversion when compared to other similar regional markets. It said that there are good levels of profitability, along with more affordable land prices in Ras Al Khaimah which offer hotel investors an opportunity to achieve attractive returns.