DUBAI: A momentous era beckons for Ras Al-Khaimah's luxury real estate market as Major Developers announces the launch of the AED1 billion ($272 million) Manta Bay project. The UAE-based real estate giant is on track to establish its very first project in the emirate on the shores of Al-Marjan Island, with ground-breaking set for mid-2024.

Channeling inspiration from Indonesia's Manta Bay, the development aspires to set a benchmark for lavish living in the region. Reflecting on this significant expansion, Naren Vish, Major Developers' chief marketing officer, noted the strategic importance of Ras Al-Khaimah, pointing to its growing appeal underpinned by infrastructure enhancements and a surge in demand. The project's launch event unfolded at the JW Marriott Hotel Marina in Dubai, hallmarking an alliance between Major Developers and Marjan that pledges to redefine the UAE’s luxury segment.

Adding an extra feather to their cap, Manta Bay will boast the world's tallest rooftop beach, a highlight of the resort destined to echo the allure of Maldivian retreats. As per Andrei Charapenak, CEO of Major Developers, this record-setting attraction aligns with their ambition to inject landmark feats into each project. The amenities extend to include beach cabanas, sun loungers on natural sand, and pools overlooking the ocean from a staggering 197ft elevation.

Potential residents and visitors can anticipate a choice of 450 residential units with sales starting from AED 1.2 million. Moreover, the Manta Bay resort is tipped to bolster Ras Al-Khaimah's burgeoning status as an affordable yet luxurious holiday destination that rivals Dubai, promising warmth and splendor for all seasons.

Al Marjan Island, an artificial archipelago, is shaping up to be the focal point of the emirate's ambitious initiatives. Home to several upscale resorts and an imminent Wynn Resort hotel with gaming and casino experiences, it is expected to invite an influx of tourists seeking its pristine sandy shores and opulent stays. With these developments and other attractions, the region is embracing its role as a hub for luxury and recreation within the Middle East and beyond.

The Manta Bay project, a synthesis of style and sustainability, is set to infuse modern luxury with a green conscience, focusing on high environmental standards. Strategically designed to minimize ecological impact, Major Developers pledges to adhere to the highest sustainability practices. This includes energy-efficient buildings, water conservation systems, and the use of eco-friendly materials. Combining luxury with responsibility, Manta Bay is aimed at environmentally conscious consumers who no longer have to choose between indulgence and sustainability.

Furthermore, this project represents a leap forward in Ras Al-Khaimah's economic evolution, with the luxury real estate market poised to attract substantial foreign investment. The emirate's strategic positioning, between the East and the West, enhances its allure for investors keen on tapping into the Middle East's growth potential. As part of a broader vision to diversify the local economy, real estate developments like Manta Bay are critical in bolstering Ras Al-Khaimah's profile as a destination for both business and leisure.

To ensure a seamless blend of comfort and convenience, Major Developers has announced collaborations with world-renowned architects and designers. The Manta Bay project will be a junction of cultural aesthetics and contemporary design, paving the way for unique architectural landmarks in the region. Major Developers' partnership with acclaimed international companies is anticipated to yield a fusion of global design philosophies with local sensibilities, crafting an iconic skyline on Al Marjan Island.

The Manta Bay development is also expected to have positive ripple effects on the local job market, creating numerous employment opportunities during and post-construction. From hospitality to retail, the potential for job creation extends across various sectors, contributing to the socio-economic upliftment of the community. This growth aligns with the UAE's Vision 2021, aiming to promote economic diversification and sustainable development.

As the countdown to the ground-breaking ceremony begins, the anticipation surrounding the Manta Bay project continues to swell. With the integration of local artisans, environmental stewards, and international experts, Major Developers is not just building a luxury resort; they are knitting together a community. As Ras Al-Khaimah cements its place on the global map, Manta Bay stands as a testament to the emirate's visionary approach to luxury real estate and development, looking ahead to the dawn of a new era of growth and prosperity.