RAK Properties, Ras Al Khaimah’s property developer listed on the Abu Dhabi Stock Exchange, has announced that it has signed a marina management Agreement with the ART Marine company.
ART Marine will operate the newly constructed Lagoon Marina, which is located at the heart of Lagoon Walk in Mina Al Arab, an eco-themed mixed-use waterfront community developed along the coastline of Ras al-Khaimah. The marina is set to commence operations in early January 2016.
The initial phase of Lagoon Marina will accommodate 56 berths for all types of boats up to 30 metres in length.
Mohammad Sultan Al Qadi, Managing Director and CEO, RAK Properties, said, “ART Marine is renowned for transforming marinas into lifestyle destinations that offer memorable experiences. The Lagoon Walk is already noted for its natural beauty, so a world-class marina operated by one of the best marina management companies in the region will further cement Mina Al Arab’s image as one of the best residential developments in the UAE. We are already considering the next phase of the marina based on the surge of enquiries received to date from boat owners.”
Toby Haws, Head of Marina Management, ART Marina, added, “ART Marine is committed to operate the Lagoon Walk Marina as an integral part of one of the most distinguished real estate developments in the Northern Emirates. We will not just be managing a place for berthing marine vessels but rather a genuine travel destination that adds to the appeal of the community and Mina Al Arab as a whole.”
ART Marine currently manages six marinas in the region. The prominent marinas includes the Emirates Palace and Al Bandar Marinas in Abu Dhabi, Reef Island Marina in Bahrain, and Marti Marina in Turkey.