#Ras Al Khaimah

Aldar hikes retail portfolio investment to $272m

Aldar increases investment in retail portfolio to $272m

The investment follows the completion of Yas Mall’s Dhs500m redevelopment plan

RAKEZ signs MoU with Manufacturers’ Association of Israel

UAE’s RAKEZ signs MoU with Manufacturers’ Association of Israel

The economic freezone seeks to provide an adaptive and supportive ecosystem for investors looking to expand their horizons and businesses

Abu Dhabi gaining appeal among global HNWIs GettyImages-665435021

Abu Dhabi real estate gaining popularity among global HNWIs: Knight Frank

According to Knight Frank’s survey, 45 per cent of global HNWIs indicated that the emirate’s development plans enhanced its appeal as an investment destination

Le Méridien Al Marjan Island Resort and Spa (Image: Supplied by Marjan)

Le Méridien to open in Ras Al Khaimah by 2026

The beachfront Le Méridien Al Marjan Island Resort and Spa in the UAE will feature 350 keys

UAE booming tourism sector

Soaring tourism numbers bolster UAE’s economy

UAE’s tourism sector defies odds to attract record tourist numbers over the past year

The resort will soar 305m off the ground. (Image: Supplied by Wynn Resorts)

The Wynn Al Marjan Island resort in the UAE will open by 2027

The 1,500 key property will be located in the emirate of Ras Al Khaimah

UAE weather update: Rain, overcast conditions expected this week

The UAE recorded its lowest temperature of 15°C in Raknah (Al Ain) at 6.30am and in Jais Mountain (Ras Al Khaimah) at 5.30am local time today

Ras Al Khaimah to launch Digital Assets Oasis

Ras Al Khaimah to open world’s first free zone for digital and virtual asset companies

RAK Digital Assets Oasis will open for applications in Q2 2023

Power Letters 2023: Raki Phillips, chief executive officer, Ras Al Khaimah Tourism Development Authority

Balanced Tourism is something we are firmly embracing as an emirate

Visitor

Ras Al Khaimah records highest visitor numbers in 2022

The full-year figures follow a strong December performance in which the emirate welcomed its highest ever footfall in one month, with over 128,000 visitors

Dubai Investments breaks ground on Danah bay

Dubai Investments breaks ground on Dhs1bn Danah Bay project on Al Marjan Island

Danah Bay will be a premium beach community with a resort-style retreat in Ras Al Khaimah

Etihad Credit Insurance partners with RAKEZ

Etihad Credit Insurance partners with RAKEZ to boost the emirate’s non-oil foreign trade

The MoU came as part of ECI’s continuing effort to support Ras Al Khaimah’s strategy to boost its export activities

Julphar q3 2022 results

UAE’s Julphar reports 12.9% rise in net sales to Dhs415.7m in Q3 2022

Year to date, the company has launched 25 new products and is set to deliver its full-year 2022 objectives

Etihad Rail

Etihad Rail: Track laying of main line in Sharjah, Ras Al Khaimah complete

Around 3,250 workers took part in the track laying work, recording 13 million work hours over 25 months

RAK Energy Summit

RAK Energy Summit concludes with focus on future of sustainable energy

RAK Energy Summit saw participation of UAE Ministry of Climate Change and Environment, IRENA, UN Industrial Development Organization

IndiGo commences new direct flights between Mumbai and Ras Al Khaimah

Indian carrier IndiGo launches daily direct service between Mumbai and Ras Al Khaimah

Ras Al Khaimah is IndiGo’s 100th overall destination and 11th in its Middle East network

Ras Al Khaimah joins UNESCO GNLC

Ras Al Khaimah joins UNESCO Global Network of Learning Cities

The membership was awarded due to Ras Al Khaimah’s focus on improving emirate-wide education outcomes, expanding its use of modern technologies in the learning process and empowering communities

Gulf Air to start direct flights to Ras Al Khaimah airport

Gulf Air to start direct flights to Ras Al Khaimah airport

Gulf Air will commence services to Ras Al Khaimah on October 3 with two weekly flights

Double Tree Hilton RAK acquired by Aldar

Aldar acquires Doubletree By Hilton Resort and Spa, takes total investment in RAK to Dhs2bn

The transaction ramps up Aldar’s expansion and growth strategy in Ras Al Khaimah following the acquisition of Al Hamra Mall and Rixos Bab Al Bahr earlier this year

UAE

UAE weather update: Temperatures to hit 49°C over the weekend

The UAE recorded its lowest temperature of 24.1°C in Raknah (Al Ain) at 6am local time today

Ras Al Khaimah Airventure

Ras Al Khaimah offers new hot air ballooning experience

The RAK Airventure attraction is open daily at Manar Mall and is part of the emirate’s sustainable tourism initiatives

Aldar

UAE’s Aldar reports Dhs688m net profit in Q1 2022

Revenues stood at Dhs2.68bn in Q1 2022, a year-on-year growth of 31.5 per cent

UAE’s Julphar to launch over 100 new products as part of its Strategy 2030

Julphar will expand its presence into new territories, including CIS countries, Turkey, Latin America and Africa, to create new revenue streams

Aldar Properties acquires Rixos Bab Al Bahr for Dhs770m, takes total investment in RAK to Dhs1.5bn

Aldar has also secured development rights for an additional 250,000 sq ft of gross floor area for residential and commercial use as part of the deal

Germany’s Deutsche Hospitality partners with Al Hamra

Deutsche Hospitality will manage Al Hamra Residences and Al Hamra Village Hotel, which will rebrand as Steigenberger Residences and MAXX by Deutsche Hospitality

Falcon Island by Al Hamra

Al Hamra unveils Dhs1bn Falcon Island residential project in Ras Al Khaimah

The North Island will be constructed in Phase 1 and will consist of 240 villas, ranging from two- to seven-bedrooms, with prices starting from Dhs1.2m

RAK’s Al Hamra earmarks Dhs1bn investment for five-year growth plan

Al Hamra’s growth plan includes enhancing its hospitality and retail offerings, and developing vertical and horizontal real estate assets

Ras Al khaimah

Ras Al Khaimah offers Dhs7m economic stimulus support in 2021

These packages were introduced to ease the financial burden on businesses in the emirate during the Covid-19 pandemic

Al Hamra Mall Aldar Ras Al Khaimah

Aldar Properties enters Ras Al Khaimah with Dhs410m acquisition of Al Hamra Mall

Aldar has secured development rights for an extra 11,200 sq m of gross floor area, with an option to acquire an additional 7,400 sq m for retail and commercial use

Ras al Khaimah UAE

New department in Ras Al Khaimah to regulate entertainment and gaming operations

The scope of activities of the Department of Entertainment and Gaming Regulation established will cover licensing, taxation, operational procedures, and consumer safeguards