Major Developers has officially commenced construction on the Manta Bay project, a significant addition to Ras Al Khaimah’s luxury real estate market. The launch of Manta Bay coincides with a period of robust growth in Ras Al Khaimah’s real estate sector, which experienced a 15% rise in both transactions and value during the first half of 2024, indicating strong investor confidence and a flourishing market.
“Introducing Manta Bay in Ras Al Khaimah is a strategic decision that aligns with our goal to dominate the luxury real estate sector. This project reflects our dedication to crafting world-class living environments in a market with immense potential,” stated Andrei Charapenak, CEO of Major Developers.
“Al Marjan Island is the perfect setting for a project of this caliber,” remarked Arch. Abdulla Al Abdouli, CEO of Marjan, the primary master developer of Al Marjan Island. “We are thrilled to welcome innovative developments that highlight the distinctive charm of our luxurious waterfront location and draw high-end investors to the scenic emirate of Ras Al Khaimah.”
The groundbreaking event, attended by key stakeholders from Marjan, Federal Engineering Consultants, and Civil Power General Contracting LLC (CPC), emphasized the Dh1 billion project as a cornerstone of Ras Al Khaimah’s plan to elevate its global and regional status as a luxury destination.
“Our role as the engineering consultancy for Manta Bay is to guarantee that this development excels in terms of quality and innovation,” noted Dr. Walid Lutfy, Founder of Federal Engineering Consultants. “We anticipate this project will redefine the luxury real estate landscape in Ras Al Khaimah.”
“We are privileged to serve as the enabling contractor for this esteemed development,” commented Ihsan Al-Zaidi, Projects Manager at CPC. “Our commitment is to deliver construction standards that meet the project’s high aspirations and Major Developers’ vision.”
Manta Bay is poised to set a new standard for luxury living in Ras Al Khaimah, combining modern design with cutting-edge amenities. With panoramic sea views, private beach access, and a state-of-the-art wellness center, Manta Bay aims to become a premier destination for upscale residential living.
The groundbreaking ceremony underscored the project’s innovative design and strategic importance, aligning with Ras Al Khaimah’s broader development goals and addressing the increasing demand for exclusive, high-quality properties in the emirate.
As Ras Al Khaimah solidifies its standing as a leading real estate hub, Manta Bay is expected to attract affluent investors and discerning buyers, further cementing the emirate’s reputation as a vibrant and thriving center for luxury living.
