PROJECTS: UAE's RAK Properties on track for completion of its Marbella Villas project

205-villa project in Ras Al Khaimah is scheduled for completion in H1 2021

  
Marbella Villas residential project in Ras Al Khaimah.

Marbella Villas residential project in Ras Al Khaimah.

RAK Properties / Handout via Zawya Projects

UAE-based property development and tourism infrastructure company RAK Properties announced that the construction of its residential project Marbella Villas, located in the Ras Al Khaimah emirate, is on track for delivery in the first half of 2021.

The beach-front 205-villa project is located on Hayat Island, part of the Mina Al Arab master development, according to a July press statement posted on the Abu Dhabi stock exchange-listed company's website.

Reuters reported on Tuesday that project's construction is 26 percent complete.

Managing Director Mohammed Sultan Al Qadi said the developer is also progressing with its show villa units for the project.

RAK Properties had announced the completion of its Gateway Residences project located within Mina Al Arab in April.

(Writing by Madhura Deulgaonkar; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

#UAE #RAKproperties #RealEstate #RasAlKhaimah #Minaalarab

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