Abu Dhabi National Hotels buys prime land on Ras Al Khaimah’s Al Marjan Island

Earlier in the year, Aldar Properties purchased an existing complex in Ras Al Khaimah, along with additional land. The combined deal – valued at Dh810 million – meant the addition of DoubleTree by Hilton Resort and Spa Marjan Island as part of the Abu Dhabi master developer’s hotel portfolio. It was the second big deal for Aldar in RAK, having bought the Al Hamra mall for 400 million dirhams.

As for ADNH, the move will expand its hotel interests north – it already owns and operates several prime properties in Abu Dhabi and Dubai. These include Le Méridien Abu Dhabi and Sofitel Jumeirah Beach.

ADNH is no stranger to eye-catching deals – in late 2018, it bought five Emaar-owned hotels for $600 million, including the Address Dubai Mall and Address Boulevard.

Ras Al Khaimah is a good investment and expansion spurt – “The emirate’s tourism infrastructure is well in place and more and more attractions are being added in and around the destinations,” said an analyst from the hospitality industry. “For ADNH, entering now is all about planning trades at the right time. Al Marjan Island is a good place to be.

Dubai Investments is another recent entrant to RAK, having committed to a billion-dirham hotel complex in the emirate.

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