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UAE developer Marjan at Munich expo to woo investors

KSA Business


Marjan, the master-developer of freehold property in Ras Al Khaimah, UAE, is highlighting the vast investment opportunities in diverse sectors including real estate, hospitality and retail in the northern emirate, at the ongoing Expo Real event in Munich.

The Emirati developer will underpin its role to build path-breaking developments in Ras Al Khaimah in line with the vision of the government to establish the emirate as a leading investment and lifestyle destination.

It will especially put the spotlight on its flagship development, Al Marjan Island, which is already a thriving lifestyle destination.

Most plots of land on the man-made island have already been sold. It is seamlessly transitioning into a world-class luxury resort destination.

Managing Director and CEO Abdulla Al Abdouli said: "With the recent announcement of Marjan as the master-developer of freehold in Ras Al Khaimah, we have received strong response from investors globally, who are keen to leverage the opportunities that the Emirate offers."

"Offering a wide range of benefits for investors, we are focused on welcoming high net worth investors who can take part in supporting the large-scale infrastructure development of Ras Al Khaimah. There are exceptional opportunities in Al Marjan Island, a premier waterfront destination that will appeal to German and European investors," noted Abdouli.

Marjan offers international investors benefits including 100 per cent foreign ownership, repatriation of capital and profits within its destinations. Other incentives include no corporate tax, zero per cent personal tax and a VAT of 5 per cent as of 2018.

Additionally, there will be no foreign exchange contracts reducing extra costs and any uncertainties, he added.- TradeArabia News Service

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