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Abdullah Al Abdooli - MD AL Marjan Island LLC
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Abdullah Al Abdooli - MD AL Marjan Island LLC
Abdullah Al Abdooli - MD AL Marjan Island LLC
A recent study conducted by Colliers International said that Ras Al Khaimah can offer competitive and attractive hotel investment returns for Owners/ Developers. It added that in RAK, beach resorts (in particular), have shown high profit conversion when compared to other similar regional markets. It said that there are good levels of profitability, along with more affordable land prices in Ras Al Khaimah which offer hotel investors an opportunity to achieve attractive returns.
DUBAI, UAE – Architect Abdullah Rashed Al Abdouli, Managing Director of Al Marjan Island (AMI) Company said that Ras Al Khaimah has reinforced its position as a premier investment destination in the world thanks to its advanced infrastructure, world-class communications, unique investment environment and competitive return on investment (ROI) that tops the list of ROIs in the Middle East and North Africa (MENA) region.
This statement was said in connection with AMI’s, the first man-made island project in Ras Al Khaimah, participation as Platinum Sponsor at the 12th Arabian Hotel Investment Conference, the Middle East’s most important hotel investment event, being held until Thursday, 28th April under the patronage of HH Sheikh Ahmed bin Saeed Al Maktoum– Chairman, Dubai Airports; President, Dubai Dept for Civil Aviation; Chairman and CEO, Emirates.
A recent study conducted by Colliers International said that Ras Al Khaimah can offer competitive and attractive hotel investment returns for Owners/ Developers. It added that in RAK, beach resorts (in particular), have shown high profit conversion when compared to other similar regional markets. It said that there are good levels of profitability, along with more affordable land prices in Ras Al Khaimah which offer hotel investors an opportunity to achieve attractive returns.
Al Abdouli added that Ras Al Khaimah is gaining further global significance as far as investments, tourism, entertainment and hospitality are concerned as the market of Ras Al Khaimah pays special attention to the upcoming demand drivers, the characteristics of supply, the key performance indicators and the return on investment.
Al Abdouli added: “Ras Al Khaimah adopts a coherent plan to develop mega projects in the housing and hotels sectors to generate more demand to hospitality tourism.”
He said that the Emirate offers ample investment opportunities. At AHIC, he called the international, regional and local private sector to take part in the development of Ras Al Khaimah as part of the emirate’s three year tourism strategy ‘Destination Ras Al Khaimah 2019’. This strategy sets out a new agenda to ensure the long-term success and viability of the hospitality sector according to Al Abdouli.
Al Abdouli added that Ras al Khaimah is predominantly a leisure destination, driven by both the domestic and international markets.
AHIC is considered one of the major events to assist in making the Middle East one of the most resilient hotel investment markets in the world. AHIC’s speakers are prominent members of the hotel investment community. Their expertise, practical advice and forecast will provide attendees with the latest information on development, trends and best practice in the hotel investment industry.
Architect Al Abdouli took part in a session entitled ‘Ras Al Khaimah – The New Destination for Investors and Holiday Makers’ which gave insights on the development of Ras Al-Khaimah as a new destination on tourist maps. While on the second day of the event, Al Abdouli spoke in a session about ‘Mixed-Use Schemes & Branded Residences – What Works’ to share his views about why are hotels a necessary element to mixed-use schemes, what positive contributions can hotels provide for the other parts of this asset type, are branded residences becoming an essential element to these schemes, and what does a hotel brand bring to the table.
“We take pride in being the Platinum Sponsor for the 2016 Arabian Hotel Investment Conference,” says Al Abdooli. “We shared insights with global leaders in the industry and presented the exceptional investment opportunities available in Ras Al Khaimah. Al Marjan Island holds big responsibility being the home to over 45% of the total 5 star hotel rooms in RAK, and we have been sharing our promising hotel investment opportunities with the event gathering over three days.”
“We had fruitful meetings with key players at the event, including CEOs, influential global tourism ministers and the largest group of investors and hotel owners. Senior and influential members of the hotel community have been gathering at the event for unrivalled opportunities and business relationships, such as those offered by AMI to the global hotel industry,” said Al Abdooli.
“There is huge demand in Ras Al Khaimah that has been noticed by prestigious international hotels and hospitality brands. Our sponsorship of this important event was in line with our goal of enhancing interaction with international stakeholders and forging successful partnerships based on our key strengths and government support to the tourism sector of RAK,” concluded Al Abdooli.
Al Marjan, a man-made island is located in Ras Al Khaimah. Extending a vast 4.5 kilometers into the sea, the island covers an area of 2.7 million square meters. Set against the picturesque backdrop of the Arabian Peninsula, Al Abdooli said there are various investment plans to be announced in the short-term period, that will further enhance RAK’s position on the regional hotel industry map.
AHIC has proven to be the Middle East’s annual meeting place for the region’s most senior hotel investors, developers, operators and advisors. It is the annual conference that connects business leaders from international and local markets to do deals across the region.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
