Transcript 094158-rakia-presentation-brief.pps

UAE – A Strategic Location
Ras Al Khaimah
RAK - Social Infrastructure
Golf courses
Water sports
Flying clubs
Equestrian clubs
An Array
of Retail &
Leisure
Options
Unspoilt beaches
Desert Safaris
Camel rides
Shooting Club
Shopping malls
5 star hotels
Ras Al Khaimah - Economy
• 14% 2004-2008, 9% 2009
• GDP now at USD 4.30 bn
• Slated to double in 5 yrs
High GDP Growth
Real Estate /Construction
Manufacturing
Growth
Drivers
Services
Tourism
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0% income tax
0% personal tax
0% corporate and No VAT
100% foreign ownership in Free Zones
100% repatriation of capital and profits
No foreign exchange controls, trade
barriers or quotas
Liberal labour laws
Very low manufacturing costs
No discrimination based on nationality,
religion, culture etc…
No corruption
High Returns on Investments
Low set-up & operations cost
Advantage RAKIA
Al Marjan Island
• Project owned by Ras Al Khaimah
Investment Authority (RAKIA)
• First man-made island in the Emirate
• Cluster of 4 coral-shaped islands and
1 peninsula
• Extending 4.5 km into the sea
• Expanding the natural coast line by
an additional 21 km
• 3.1 million sq m of reclaimed land
• Mixed use: Villas, apartments, hotels,
resorts, leisure & commercial facilities
• US$1 billion project
Actual Aerial View
Taken May. 2010
Government of RAK Project
• Al Marjan Islands dredging, reclamation and rock revetment works
utilized modern techniquies such as surface filling with coarse
earth material, underwater sand pumping and deep sea sand quarry
outsourcing instead of “hostile dredging”.
• Prior to the natural processes of reclamation of AL Marjan Islands a
physical model were done by Halcrow International (UK) to
determine the water circulation, flushing, water quality, height and
size of the armour and its persistence against the highest wave
occurrence in 100 years. Visibility studies were conducted after the
Island has been built and results obtained revealed 90% visibility
and 2 m depth which prove without any doubt that the Hydraulic
Models and the Physical Model done are correct and working
Government of RAK project
International Accreditation
• As of First Qtr of 2011, net area of 14.00 million sqft is sold – Represent 63%
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OPPORTUNITIES AVAILABLE To develop luxurious hotel and resort to cater the needs of growing
tourists in RAK – Tourism Increased upto 63% during 2002 and 2009.
Luxurious affordable accommodation complex – demand is on rise due to
short supply of units in the region – Double the population in less than 5
years.
To make your own holiday home – enjoy island living.
Your own office tower – to lease it out the same or for your own
employees working in the region.
World class sports Stadium – approx. 25% of RAK population is school going
need sports facilities of international standard.
Shopping Mall / Retail Space –
Medical or sports clinic.
AL MARJAN ISLAND
First PROJECT READY ON AL MARJAN ISLAND
Some of the Projects in RAK
Al Hamra Village
The most complete resort in UAE, with 5 Star Hotels, 2.5 kilometers of beach,
Fine dining Restaurants, 18 hole Championship Golf Course, Marina and Yacht
Club Shopping and Residential Component all within walking distance
Smallest Villa Plots with Private Beaches
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No.
Plot No.
Plot Area
Island (Sq.mtr)
Height
Limit
Usage
USD
@per
sqmtr
In USD
Sales Value
1
2V002A
2
3011.62
G+2
Villas
750.00
2,258,715
2
2V002B
2
2254.08
G+2
Villas
750.00
1,690,560
3
2V002C
2
1874.18
G+2
Villas
750.00
1,405,635
4
BV001A
2
1988.52
G+2
Villas
750.00
1,491,390
5
BV001B
2
2099.46
G+2
Villas
750.00
1,574,595
6
BV001C
2
2313.85
G+2
Villas
750.00
1,735,388
7
BV001D
2
2614.79
G+2
Villas
750.00
1,961,093
Some of the Projects in RAK
Hilton RAK
Some of the Projects in RAK
Khatt Spring Hotel & Spa
Some of the Projects in RAK
Hilton Beach Resorts & Spa
Some of the Projects in RAK
Al Hamra Palace
Some of the Projects in RAK
Cove Rotana Hotel
Some of the Projects in RAK
Al Hamra Fort Hotel
Some of the Projects in RAK
Al Hamra Village
Thank you
Thank you