Latest news with #WynnAlMarjanIsland
The National
7 days ago
- Business
- The National
UAE Property: ‘How can I increase summer occupancy in my RAK rental unit?'
Question: I am buying an apartment in Ras Al Khaimah and want to rent it out for short-term rentals soon. How can I optimise summer occupancy and which local regulations must I adhere to? MP, Dubai Answer: Ras Al Khaimah is fast becoming a destination of choice, not just as a go-to staycation destination for the UAE holiday market, but also for longer-term visitors and tourists. With the arrival of the Wynn Al Marjan Island resort in 2026/2027, the emirate is likely to become more popular as a short-term destination. Here are a few things to remember and adhere to. By law, all tenancy contracts in RAK must be registered through the RAK Municipality e-portal. The fee is Dh25 ($6.8) plus 5 per cent of the annual rent. Unregistered contracts are unenforceable, stripping landlords of eviction rights and security deposit recourse. Standard residential leases are allowed up to four-year terms, but short-term leases of say two to four months must still comply with the Rent Act's eviction notice requirement, which is a minimum 90 days, and the security deposit rule, which is 5 per cent of the annual rent. Offer two- to four-month summer lets bundled with free utilities, complimentary AC servicing and optional maid services. UAE residents that enjoy staycations value turnkey, worry-free stays. List on leading short-let platforms such as Airbnb, local short-term rental agents and collaborate with GCC-focused travel agencies to tap into regional leisure traffic. Ensure your unit is presented in the best possible fashion by furnishing with high-quality appliances, blackout curtains, high-speed Wi-Fi, and a dedicated workspace to attract both families and remote working professionals seeking respite from the summer heat. Employ revenue management software to adjust nightly or weekly rates based on occupancy forecasts or get comparable data from portals and local holiday home agents. Look out for any local events that will potentially capture higher premiums. Conduct professional cleaning and safety inspections between tenancies to maintain high review scores. Offer flexible check-in/out times and transparent cancellation policies to build guest trust. Monitor competitor rates regularly to ensure your pricing remains competitive without eating into your yield. By combining regulatory compliance with targeted marketing and professional service levels, part-time RAK landlords can boost summer occupancy from roughly 45 per cent (unmanaged) to over 75 per cent, capturing premium short-let rates and maximising annual income. Watch: Businesswoman moves from Dubai to RAK to find some quiet Q: I would be interested to understand what are the emerging areas in Abu Dhabi and Sharjah in terms of capital appreciation, rental yields and which developers I should work with? CP, Sharjah A: While Dubai commands the headlines, Abu Dhabi and Sharjah are quietly delivering attractive risk-adjusted returns in well-priced, master-planned communities. I will list below some top picks that I think combine credible developer track records, infrastructure momentum and balanced capital appreciation. Starting with Abu Dhabi, the main master developer is Aldar. Some of its main projects are: Al Reem Island: Boasting a 7.2 per cent year-on-year price rise in the first quarter of 2025 and gross rental yields of 7.6 per cent for apartments, Al Reem Island blends waterfront views with high-street retail. The Central Market and Gate Towers precincts have strong presales, minimising completion risk and ensuring pipeline transparency. Yas Island: Driven by entertainment megaprojects such as Warner Bros, Ferrari World, Sea World, Yas Waterworld and the Yas Mall expansion, luxury apartments command 6.5 per cent to 7 per cent yields, with prices up 6.6 per cent in early 2025. The upcoming first Disney World in the Middle East will further elevate property prices and demand for both long- and short-term rentals. Al Ghadeer: A reclaimed land community by Aldar located on the Dubai-Abu Dhabi border, it offers entry-level pricing (sub-Dh1 million studios) and yields near 9.9 per cent, underpinned by affordable payment plans and infrastructural upgrades connecting to Sheikh Mohammed Bin Zayed Road. Main projects in Sharjah include: Aljada by Arada: This is a fully integrated town centre featuring three schools, 25,000 residential units, a 4.4-kilometre retail boulevard, hotels and public plazas, along with large green spaces and family entertainment areas. Aljada's off-plan apartments yield 5 per cent to 7 per cent, with an expected 7.5 per cent return on investment on handover. Arada's track record of delivering three large-scale projects on time adds to investor and end-user confidence. Tilal City (Sharjah Asset Management): Modelled on Mediterranean lagoons, Tilal City's early studio and one-bedroom launches delivered 6 per cent to 8 per cent yields, with mid-teen capital growth forecast as schools, clinics and malls open next year. Maryam Island: Launched in 2024, this waterfront mixed-use island has seen soft-launch price uplifts of around 8 per cent within six months and yields of around 6 per cent. This is driven by Sharjah's tourism push and the project's proximity to the Corniche.
Zawya
17-07-2025
- Business
- Zawya
Al Hamra launches AED 3bln residential projects - Al Hamra Greens and Aila Homes
Ras Al Khaimah, United Arab Emirates: Al Hamra, the leading lifestyle developer and real estate investment company in Ras Al Khaimah, has officially launched two landmark residential developments Al Hamra Greens and Aila Homes — with a combined investment value exceeding AED 3 billion. The launch event, held on 5th July at Madinat Jumeirah, Dubai, welcomed over 1,000 brokers and industry stakeholders. Located in Al Hamra Village, both projects highlight the developer's focus on design-led, high-quality living. Al Hamra Greens is a wellness-centric community inspired by Scandinavian design and rooted in the philosophy of 'Reconnect with Living.' Located opposite RAK Central, it offers breathtaking views of RAK's urban hub, the Al Hamra Championship Golf Course, and Wynn Al Marjan Island. The project comprises 1,754 apartments in 1 to 3 bedroom layouts, all with private balconies for seamless indoor-outdoor living. Starting from AED 1.2 million, the development boasts an array of amenities including lush gardens, BBQ terraces, paddle tennis and basketball courts, jogging and cycling tracks, kids' play zones, a pet park, a wellness spa, and a gym with panoramic views. Over 38% of the project sold out within 24 hours of launch. Aila Homes, launched alongside, features 200 upscale 3- and 4-bedroom townhouses with modern architecture, spacious layouts, private gardens, and direct access to community facilities. With more than 50% sold before the official launch, Aila Homes reflects strong demand for ready-to-move family homes in the emirate. Benoy Kurien, Group CEO of Al Hamra, said: 'These launches respond directly to growing customer demand for meaningful, nature-rooted lifestyles and community living. They mark a key milestone in Al Hamra's growth journey and our commitment to delivering value-driven developments. Residents of both communities will benefit from the wider Al Hamra ecosystem, including a championship golf course, a 220-berth marina, and luxury hospitality assets like Waldorf Astoria, The Ritz-Carlton, Sofitel, and Al Hamra Village Hotel & Residences. Looking ahead, Al Hamra is expanding into ultra-luxury with Waldorf Astoria Residences, Ras Al Khaimah, The Ritz-Carlton Residences, Al Wadi Desert, and it's first Dubai project, reinforcing its position as a key player in the UAE's real estate sector. For media inquiries or interest, visit or email communications@ Source: AETOSWire Contacts: Rajesh Menon
Zawya
17-07-2025
- Business
- Zawya
Al Hamra launches two premium residential projects in RAK
Al Hamra, the leading lifestyle developer and real estate investment company in Ras Al Khaimah, has officially launched two landmark residential developments Al Hamra Greens and Aila Homes - with a combined investment value of more than AED3 billion ($817 million). The launch event, held at Madinat Jumeirah, Dubai, was attended by over 1,000 brokers and industry stakeholders. Located in Al Hamra Village, both projects highlight the developer's focus on design-led, high-quality living. Al Hamra Greens is a wellness-centric community inspired by Scandinavian design and rooted in the philosophy of 'Reconnect with Living,' said the developer. Located opposite RAK Central, it offers breathtaking views of RAK's urban hub, the Al Hamra Championship Golf Course, and Wynn Al Marjan Island. The project comprises 1,754 apartments in one- to three-bedroom layouts, all with private balconies for seamless indoor-outdoor living, it stated. Starting from AED1.2 million, the development boasts an array of amenities including lush gardens, BBQ terraces, paddle tennis and basketball courts, jogging and cycling tracks, kids' play zones, a pet park, a wellness spa, and a gym with panoramic views. Over 38% of the project sold out within 24 hours of launch, it added. Aila Homes, launched alongside, features 200 upscale 3- and 4-bedroom townhouses with modern architecture, spacious layouts, private gardens, and direct access to community facilities. With more than 50% sold before the official launch, Aila Homes reflects strong demand for ready-to-move family homes in the emirate. On the new projects, the Group CEO Benoy Kurien said: "These launches respond directly to growing customer demand for meaningful, nature-rooted lifestyles and community living. They mark a key milestone in Al Hamra's growth journey and our commitment to delivering value-driven developments." "Residents of both communities will benefit from the wider Al Hamra ecosystem, including a championship golf course, a 220-berth marina, and luxury hospitality assets like Waldorf Astoria, The Ritz-Carlton, Sofitel, and Al Hamra Village Hotel & Residences," he stated. Looking ahead, Al Hamra is expanding into ultra-luxury with Waldorf Astoria Residences, Ras Al Khaimah, The Ritz-Carlton Residences, Al Wadi Desert, and it's first Dubai project, reinforcing its position as a key player in the UAE's real estate sector, he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. ( RAS AL KHAIMAH
Gulf Insider
27-04-2025
- Business
- Gulf Insider
UAE Casino: Wynn Al Marjan Jobs Live Ahead of 2027 Opening
In another step toward the highly anticipated debut of Wynn Al Marjan Island, the luxury hospitality brand has officially launched its careers page, opening the first wave of roles for the integrated gaming resort set to open in Ras Al Khaimah in 2027. Available now at the portal invites prospective candidates to join the 'Wynn family.' The roles span across various disciplines, from food and beverage and hotel operations to entertainment and wellness. It invites candidates to join the team behind what will be the UAE's first resort to feature gaming facilities. The careers page emphasises that new hires will help deliver the 'Wynn feeling' as the brand expands into the region for the first time. Arabian Business is among the first publications to given early access to exclusive details about Wynn Al Marjan Island. Senior executives, including Michael Weaver, Chief Communications and Brand Officer at Wynn Resorts, shared insights into the design, service philosophy, and unique features that will set the Ras Al Khaimah resort apart. The leadership team provided an early look at how the project is shaping up to redefine luxury hospitality in Ras Al Khaimah, highlighting new design details, service standards, and what visitors can expect when Wynn opens its first property in the region. On track for its opening in 2027, Wynn Al Marjan Island is moving quickly through critical planning stages, Weaver said, 'The nuts and bolts of how you're really going to run things, the decisions need to be made now and they need to make them when they can think about it and be thoughtful and really make the right calls. You don't want to do it six months before you open.' Job openings on the career website include positions including Manager Travel Industry Sales, Executive Director of Technical Operations, Procurement Analyst and more. 'It's early, yes. but on the day it opens, it has to be perfect.' he affirmed. Wynn Resorts Limited recently announced that Wynn Al Marjan Island has secured a $2.4 billion construction loan facility with a syndicate of global and regional banks to finance the development of the UAE's first casino resort. The facility, made available to Wynn Al Marjan Island FZ-LLC, a subsidiary of the 40 percent-owned joint venture, is structured across both AED and USD currencies, aligning with the majority of project expenditures expected in dirhams. The seven-year term loan is structured as a delayed draw facility, providing significant financial flexibility to the joint venture partners. The transaction marks the largest hospitality financing deal in UAE history, backed by lenders including Abu Dhabi Commercial Bank, Deutsche Bank, First Abu Dhabi Bank, Emirates NBD, National Bank of Ras Al Khaimah, and Sumitomo Mitsui Banking Corporation.
Khaleej Times
24-04-2025
- Business
- Khaleej Times
UAE jobs: Wynn Al Marjan announces vacancies, career page goes live
Wynn Al Marjan, an integrated gaming resort coming up in Ras Al Khaimah, has announced vacancies as its career page went live ahead of the opening of the landmark property in 2027. Currently, it has listed seven vacancies, but as the hotel progresses towards completion more openings will be announced. As of Thursday, it listed jobs for executive director of technical operation, procurement analyst, IT application support analyst, compensation and benefits manager, contract services administrator, contract services manager and talent acquisition recruiter. 'We are building something extraordinary — and looking for exceptional people to be part of it. Wynn Al Marjan Island's career site is now live. If you are ready to help shape the region's most anticipated destination, this is where it begins,' it said. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Upon completion in early 2027, the $3.9 billion Wynn Al Marjan will feature 1,542 rooms and suites, a hotel, villas, a shopping mall, a meeting and convention facility, a spa, over 20 restaurants and lounges, 225,000sqft of gaming area and a wide variety of entertainment choices including a night club and a beach club and other amenities. Industry executives estimate that typically a hotel requires 1.2-1.5 employees per room to operate the facility — depending on the luxury level and amenities. Since, Wynn Al Marjan will have a huge gaming area and other facilities, it will require many more employees to run the operation smoothly at the uber-luxury property. Ras Al Khaimah's hospitality and real estate markets have seen massive attention following the announcement of Wynn Al Marjan. The northern emirate has set an ambitious target to attract 3.5 million tourists by 2030. It has currently 8,000 hotel keys and hopes to increase them to 16,000-20,000 to meet growing demand from residents and foreign tourists. In October 2024, Wynn Resorts was awarded the UAE's first commercial gaming operator's licence by the General Commercial Gaming Regulatory Authority (GCGRA). The Las Vegas-based casino firm is building Wynn Al Marjan Island as the first integrated gaming resort in the Middle East and North Africa (MENA) region. Terming it a 'must-see' destination, Craig Billings, CEO of Wynn Resorts, said in the annual report that they have deployed a 'creative team at Wynn Design and Development in full force, with a particular focus on Wynn Al Marjan Island.' Construction of the property is progressing at a fast pace with one floor being added per week. The construction reached the 38th floor in March. 'We made solid progress on Wynn Al Marjan Island in 2024 and expect to top off construction at the end of this year. We have a strong and experienced management team on the ground,' said Billings. Employee benefits Wynn Al Marjan said on its website that it understands 'the importance of providing exceptional staff housing to foster a supportive and inspiring work environment' and aims to provide 'a home away from home.' The Wynn employee campus will accommodate teams from up to 95 countries. The campus will have a variety of lounges to relax; a TV and media room to enjoy downtime and catch the latest Netflix series; a snooker table and arcade games for recreation; an all-day open employ dining that offers international cuisines; and a comprehensive transport option for all employees. The transport buses — with WiFi — will shuttle staff to and from the hotel, it said.
