Major Developers Announces AED1 Billion Luxury Residential Project, 'Manta Bay', in Ras Al-Khaimah
Major Developers, a real estate company based in the United Arab Emirates (UAE), has unveiled plans for a new AED1 billion ($272 million) luxury residential project named Manta Bay in Ras Al-Khaimah.
This will be the company's first venture in the emirate and a significant investment in the region's high-end property market.
Located on the shores of Al-Marjan Island, Manta Bay is inspired by Manta Bay in Indonesia and is designed to embody exclusivity.
The project is expected to commence construction by mid-2024.
Naren Vish, the chief marketing officer of Major Developers, expressed optimism about Ras Al-Khaimah's potential in the UAE's real estate sector during a press conference at the JW Marriott Hotel Marina in Dubai.
He believes that Ras Al-Khaimah will attract a considerable share of the UAE's real estate market due to its strategic location, extensive infrastructure improvements, and growing demand.
Located on the shores of Al-Marjan Island, Manta Bay is inspired by Manta Bay in Indonesia and is designed to embody exclusivity.
The project is expected to commence construction by mid-2024.
Naren Vish, the chief marketing officer of Major Developers, expressed optimism about Ras Al-Khaimah's potential in the UAE's real estate sector during a press conference at the JW Marriott Hotel Marina in Dubai.
He believes that Ras Al-Khaimah will attract a considerable share of the UAE's real estate market due to its strategic location, extensive infrastructure improvements, and growing demand.
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