Bin Haider Holding Group unveils mega real estate project on Al Marjan Island
Mohammad Oman Bin Haider Holding Group P.S.C. has announced an upscale mega project on Al Marjan Island, spread across 1.4 million sq ft., featuring a 5-star luxury hotel, luxurious residential apartments, commercial buildings cluster and retail area, totally valued at AED 1 billion.
The announcement was made on the first day of Cityscape Global 2016, the major international three-day estate development and investment event that kicked off on the 6 September at the World Trade Centre.
The new project on AMI will be a key contributor to the leadership position of Bin Haider Group in the UAE realty market, reflecting the group’s confidence in executing such a huge project which is one of the big-ticket launches at Cityscape Global, a global platform for investments in the property, hospitality and retail sectors.
“We are delighted to seal this deal with Bin Haider Group to launch one of the biggest projects on AMI this year. The project signifies another shot in the arm to the property and hospitality sectors in Ras Al Khaimah and the UAE, through the addition of more hotel rooms, residential apartments, retail shops, further diversifying the offerings at AMI. It also reflects the diverse investment opportunities offered by AMI and the emirate of Ras Al Khaimah, which has emerged as a high-potential market for property and hospitality in the UAE and across the Middle East,” said Architect Abdullah Al Abdooli, Managing Director of Al Marjan Island.
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