UAE : Major Developers unveils $272 million luxury residential project

UAE-based real estate company Major Developers has announced an AED1 billion ($272 million) luxury residential project in Ras Al-Khaimah, Emirates News Agency reported on Tuesday.
Manta Bay will mark the company’s first project in the emirate and represents a major investment in the region’s luxury market.
The company says the development, on the shores of Al-Marjan Island, is inspired by Manta Bay in Indonesia and will be the epitome of exclusivity. It is set to break ground by mid-2024.
“We anticipate that Ras Al-Khaimah will capture a substantial portion of the UAE’s real estate market, supported by its strategic location, extensive infrastructure enhancements and increasing demand,” said Naren Vish, Major Developers’ chief marketing officer, during a press conference at the JW Marriott Hotel Marina in Dubai.
The UAE's General Civil Aviation Authority has announced a framework to regulate the use of electric and conventional helicopters in the Emirates.…
Abu Dhabi — Global private-markets powerhouse EQT is spearheading a massive influx of investment into the United Arab Emirates, as firms mana…
The United Arab Emirates has welcomed the signing of the peace agreement between the Democratic Republic of the Congo and the Republic of Rwanda in…