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RAK Properties awards AED 500m contract for Al Ali Construction

RAK Properties awards AED 500m contract for Al Ali Construction
The project features a wide range of two- and three-bedroom townhouses
RAK Properties
RAKPROP
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Abu Dhabi – Mubasher: Ras Al Khaimah Properties (RAK Properties) has awarded an AED 500 million contract for the construction, infrastructure and landscape work of Marbella Villas Project to Al Ali Construction & Development.

Located in the prestigious Hayat Island Ras Al Khaimah, the project comprises 205 contemporary designed villas and townhouses facing a serene oceanfront, the real estate developer said in a statement.

The project features a wide range of two- and three-bedroom townhouses, four- and five-bedroom villas and one prime 8 bedroom VIP villa, RAK Properties added.

Residents can also enjoy access to a leisure clubhouse with two outdoor pools, two gyms, a multi-purpose hall and café, landscaped areas with comfortable seating and a play area for children, according to the statement.

“We are excited with the response received after the initial phase opened and are looking forward to working more on the infrastructure and landscaping, bringing to life an unforgettable living experience. With Phase 1 already selling out quickly, demand remains strong for best in class waterfront homes such as Marbella Villas from both domestic and international buyers,” Samuel Dean Sidiqi, CEO of RAK Properties, said.

The real estate firm didn’t give further details on the timeframe of the project.