Saraya Islands [Ras Al Khaimah] - Property Development

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Saraya Islands is a AED 1.83 billion (US$ 500 million) tourism development project being built along the Arabian Gulf coastline of Ras Al Khaimah. It will cover over 1 million square meters (10.8 million square feet) across three islands and contain 3 five-star hotels, 200 villas, and cultural and commercial venues.

Saraya Islands, also referred to as the Saraya Islands Real Estate Development Company, is a joint venture between the Government of Ras Al Khaimah, Saraya Emirates (Saraya Holdings) and Arab Bank PLC.

Expected Completion Date - 2010
Real Estate Developer - Saudi Oger Ltd
Location - Ras Al Khaimah, United Arab Emirates

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ras al khaima, rasal khaymah, ra's el khayma, rak Saraya Islands Real Estate Development Company 'Saraya Islands' will be established as a joint venture between the Investment Development Office — Government of Ras Al Khaimah (RAK), Saraya Emirates and Arab Bank plc. The major investor in Saraya Islands is Saraya Emirates, a subsidiary of Saraya Holdings LLC (under formation), which is under the chairmanship of Shaikh Saad Rafic Hariri.Saudi Oger Ltd. will be the sole official developer and contractor for Saraya Emirates' projects. Saraya Islands will spread over one million square meters, with a range of five star hotels, lavish residences, and cultural and commercial venues that will draw interested tourists from all over the world, and offer an alternative cosmopolitan environment for residents.Saraya Islands
Saraya Islands, a US $ 500 million project spreading over one million square meters along the Arabian Gulf coastline of RAK with a range of five star hotels, lavish residences, and cultural and commercial venues is the latest project announced in the RAK tourism sector. The project is a joint venture between the Investment Development Office- Government of Ras Al Khaimah, Saraya Emirates and Arab Bank plc. The major investor in Saraya Islands is Saraya Emirates, a subsidiary of Saraya Holdings LLC (under formation), which is under the chairmanship of Sheikh Saad Rafic Hariri. Saraya Islands will be a treat for the tourists because of its vibrant shopping experience, exquisite dining, and varied entertainment and accommodation in five star hotels and bungalows. The project commands spectacular sandy beaches and a beautiful mountainous backdrop.

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