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Kool Kat
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12,521 Posts
Discussion Starter · #1 ·
Dh20b real estate project unveiled in Ras Al Khaimah

Ras Al Khaimah: The Ras Al Khaimah Government and the PDSI Development Group on Wednesday launched a Dh20 billion real estate project that will include a mountain resort, wildlife sanctuary and marina.

The two parties have already signed an agreement for a 50-50 joint venture on a freehold basis that is open to foreign investors and construction will commence within six months.

The Ras Al Khaimah Investment Authority will join forces with the PDSI Development Group to build the resort.

Peter Dalkeith Scott, President of PDSI, said the resort will be built on Al Jees Mountain.

It will be accessible only by helicopter and gondolas.

Scott said the 18 hole-golf course will be designed by two-time US Masters golf winner Jose Maria Olazabal of Spain.

A large number of villas will be built facing the golf course along with a 450-room hotel, and they will involve extensive use of glass.

The complex will be low profile to avoid blocking the view of the mountain.

Scott said the mountain resort will also include Ski RAK which will make possible indoor skiing in summer and will be open throughout the year, featuring the UAE's longest ski slope, 550 metres long.

The resort will also have a nature park which will include all the creatures of natural marine environment.

A heliport will be constructed in the resort and eight helicopters will carry visitors between the resort and Ras Al Khaimah International Airport.

Scott said the PDSI has formed a consortium with Arab Aerospace Fund, AJ Consulting/Arabjet FZCO and Allied Europe in order to develop tangible value added to travel and tourism services.

Scott said the Sanctuary Gardens include more than 1,000 apartments designed for all categories of society and the prices of the units have been planned carefully to make them affordable for all categories of visitors.

The three projects will be implemented in five years.
 

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Under the Burj
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3,491 Posts
Can we name this the RAK comedy project thread?

i was going to open one yesterday, but i couldnt be bothered to get the text off ET.

now we have an "official name" not the good one :bash:
 

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Under the Burj
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3,491 Posts
They are also launching RAK marina...

3 towers :rofl:
 

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Kool Kat
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12,521 Posts
Discussion Starter · #7 ·
$5.5bn RAK sanctuary project

Ras Al Khaimah Government and the PDSI Development Group yesterday unveiled a $5.5bn project which includes a mountain resort, wildlife sanctuary and marina. The project will include a large number of villas and 1,000 apartments in the Sanctuary Gardens. There will also be an indoor ski resort, 450-room hotel and a golf course. Construction starts in six months.
 

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Under the Burj
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3,491 Posts
It is actualy an outdoor dry slope

[brushes]
 

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Patriotic Emirati
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6,297 Posts
their crown prince has been stealing from his people for the past 20 year ....

that is where RAK gets its money from :D
 

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Jelly Bean!!
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2,232 Posts
why do they build a golf course in every development..its like they dont have any different ideas of how to use the space wisely
 
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