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RAK Properties Awards Construction Contract to Gulf Contracting for Marbella Villas Phase 2

Ras Al Khaimah, 10 February, 2023

RAK Properties, the largest listed property developer in Ras Al Khaimah, has awarded the main contract to Gulf Contracting to begin construction on phase 2 of Marbella Villas on Hayat Island, Ras Al Khaimah, UAE.

Commenting on the award Sameh Al Muhtadi, CEO of RAK Properties, said, “We are extremely pleased to announce the award of the construction contract for Phase 2 of Marbella Villas to Gulf Contracting. Selling out Phase 1 of Marbella villas has paved the way for this exciting next phase which we will be launching shortly.

Phase 2 of Marbella Villas will consist of eighty-nine 2, 3 and 4-bedrooms luxury villas and townhouses with direct access to the beach.

Marbella Villas are situated on Hayat Island, Mina Al Arab, which are in close proximity to the Anantara Mina Al Arab Ras Al Khaimah Resort. The bustling island community offers breathtaking natural views of the Arabian Gulf and Hajar mountains and is home to a range of amenities designed to help visitors and residents relax and unwind, including the InterContinental Ras Al Khaimah Mina Al Arab Resort & Spa, Marbella resident’s club, community park, waterfront promenade, seafront dining and retail, and scenic cycle and pedestrian paths.

RAK Properties PJSC is the largest listed property developer in Ras Al Khaimah, established in 2005 the company has successfully developed over 3,000 residential units, 372,000 sq.ft of office space and 260,000 sq.ft of retail.