RAK Properties awards main contract for residential project to Gulf Contracting
Phase Two of Marbella Villas will feature a total of 89 residences with a mix of two-, three- and four-bedroom luxury villas and townhouses
Gulf Contracting has been awarded the main contract for the construction of the second phase of the Marbella Villas project by RAK Properties.
The residential project is taking shape on Hayat island in the Mina Al Arab area of Ras Al Khaimah, and is in close proximity to the Anantara Mina Al Arab Ras Al Khaimah Resort.
“We are extremely pleased to announce the award of the construction contract for Phase Two of Marbella Villas to Gulf Contracting. The Phase One villas sell-out has paved the way for this exciting next phase which we will be launching shortly,” said RAK Properties’ CEO Sameh Al Muhtadi.
In early February 2022, RAK Properties launched its Gateway Residences 2 residential project and, in early November 2022, the developer said it had tracked buoyant results in Q3 2022.
According to RAK Properties, Phase Two of Marbella Villas will feature a total of 89 residences with a mix of two-, three- and four-bedroom luxury villas and townhouses with direct access to the beach.
The bustling island community offers natural views of the Arabian Gulf and Hajar mountains and is home to a range of amenities designed to help visitors and residents relax and unwind, including the InterContinental Ras Al Khaimah Mina Al Arab Resort & Spa, Marbella resident’s club, community park, waterfront promenade, seafront dining and retail, and scenic cycle and pedestrian paths, the statement from RAK Properties noted.
Established in 2005, RAK Properties has successfully developed over 3,000 residential units, 372,000sqft of office space and 260,000sqft of retail in the emirate, Al Muhtadi concluded.
In late November 2022, RAK Properties broke ground at its Bay Residences residential project.
