{"id":12041,"date":"2024-05-01T15:05:33","date_gmt":"2024-05-01T11:05:33","guid":{"rendered":"http:\/\/sevenluxuryrealestate.com\/?p=12041"},"modified":"2024-05-02T10:54:10","modified_gmt":"2024-05-02T06:54:10","slug":"uae-worlds-highest-rooftop-beach-to-be-built-on-raks-al-marjan-island","status":"publish","type":"post","link":"https:\/\/sevenluxuryrealestate.com\/tr\/2024\/05\/01\/uae-worlds-highest-rooftop-beach-to-be-built-on-raks-al-marjan-island\/","title":{"rendered":"UAE: World&#8217;s highest rooftop beach to be built on RAK\u2019s Al Marjan Island"},"content":{"rendered":"\n<p><strong>Construction work on the project has already started and is scheduled to complete at the end of 2026<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Major Developers Announces Dh1 Billion &#8220;Manta Bay&#8221; Project in Ras Al-Khaimah<\/h2>\n\n\n\n<p><strong>UAE-based Major Developers unveiled their Dh1 billion project, Manta Bay, on Al Marjan Island in Ras Al-Khaimah.<\/strong> This innovative development boasts the world&#8217;s first rooftop beach, featuring real sand and seawater. Construction is already underway with a targeted completion date at the end of 2026.<\/p>\n\n\n\n<p><strong>Key Highlights:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>World&#8217;s First Rooftop Beach:<\/strong> Manta Bay offers a unique amenity \u2013 the world&#8217;s first rooftop beach with sand and seawater, creating a one-of-a-kind experience for residents and visitors.<\/li>\n\n\n\n<li><strong>Residential Freehold Project:<\/strong> This Dh400 million residential project will offer 450 freehold units starting from Dh1.2 million.<\/li>\n\n\n\n<li><strong>Strategic Location:<\/strong> Located on Al Marjan Island, Manta Bay benefits from its proximity to the highly anticipated Wynn Resort, further enhancing its appeal.<\/li>\n\n\n\n<li><strong>Strong Investor Interest:<\/strong> Major Developers reports significant interest from US investors, likely driven by the Wynn Resort development.<\/li>\n\n\n\n<li><strong>Projected Growth:<\/strong> The developer anticipates property values to increase by up to 70% by project completion, offering investors a compelling return on investment.<\/li>\n\n\n\n<li><strong>Ras Al Khaimah&#8217;s Tourism Potential:<\/strong> Major Developers expects a significant tourism influx to Ras Al-Khaimah following the Wynn Resort opening, creating high demand for accommodation.<\/li>\n\n\n\n<li><strong>Future Expansion Plans:<\/strong> The company&#8217;s CEO, Andrei Charapenak, expressed plans to launch a new project in Dubai to capitalize on the emirate&#8217;s thriving real estate market.<\/li>\n\n\n\n<li><strong>Market Validation:<\/strong> The presence of established developers like Emaar and Aldar on Al Marjan Island further reinforces the area&#8217;s investment potential according to Naren Vish, Major Developers&#8217; CMO.<\/li>\n<\/ul>\n\n\n\n<p><strong>Manta Bay positions itself as a groundbreaking development in Ras Al-Khaimah, capitalizing on the emirate&#8217;s growing tourism sector and offering investors a chance to participate in its projected real estate boom.<\/strong><\/p>\n\n\n\n<p>News Source:<a href=\"https:\/\/www.khaleejtimes.com\/business\/realty\/uae-worlds-highest-rooftop-beach-to-be-built-on-raks-al-marjan-island\"> khaleej Times<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Construction work on the project has already started and is scheduled to complete at the end of 2026 Major Developers Announces Dh1 Billion &#8220;Manta Bay&#8221; Project in Ras Al-Khaimah UAE-based Major Developers unveiled their Dh1 billion project, Manta Bay, on Al Marjan Island in Ras Al-Khaimah. This innovative development boasts the world&#8217;s first rooftop beach, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":12092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[3,67,5],"tags":[157,167,166,11],"class_list":["post-12041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-construction","category-news","category-real-estate","tag-emirates","tag-rak","tag-ras-al-khaimah","tag-real-estate"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sevenluxuryrealestate.com\/tr\/wp-json\/wp\/v2\/posts\/12041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sevenluxuryrealestate.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sevenluxuryrealestate.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sevenluxuryrealestate.com\/tr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sevenluxuryrealestate.com\/tr\/wp-json\/wp\/v2\/comments?post=12041"}],"version-history":[{"count":0,"href":"https:\/\/sevenluxuryrealestate.com\/tr\/wp-json\/wp\/v2\/posts\/12041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sevenluxuryrealestate.com\/tr\/wp-json\/wp\/v2\/media\/12092"}],"wp:attachment":[{"href":"https:\/\/sevenluxuryrealestate.com\/tr\/wp-json\/wp\/v2\/media?parent=12041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sevenluxuryrealestate.com\/tr\/wp-json\/wp\/v2\/categories?post=12041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sevenluxuryrealestate.com\/tr\/wp-json\/wp\/v2\/tags?post=12041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}