## Almal Real Estate Development Wins Prestigious ‘Hospitality Project of the Year’ Award for The Unexpected Al Marjan Island Hotel & Residences
Dubai’s luxury developer, Almal Real Estate Development, has once again demonstrated its commitment to excellence by winning the coveted ‘Hospitality Project of the Year’ award at the 2024 Construction Innovations Awards. Held on October 30th at the Hilton Al Habtoor, the ceremony celebrated the best and brightest in the region’s construction industry, with a particular focus on innovative technologies, AI, and forward-thinking practices.
Almal’s award-winning project, The Unexpected Al Marjan Island Hotel & Residences, is a shining example of luxury and innovation. This flagship property for Almal in Ras Al Khaimah boasts over 422 luxurious hotel rooms and serviced residences, each offering breathtaking views of the Arabian Gulf. The property’s upscale amenities, including an energetic beach club, chic bars and restaurants, and striking infinity pools, all set against the backdrop of the renowned Wynn resort, provide an unparalleled experience for guests and residents alike.
Valued at AED 4,700 per square foot, these residences are among the most sought-after properties on the island. Almal recently released the last 75 units of this iconic project, with prices starting at AED 2.5 million and a 70/30 payment plan, marking a final opportunity for investors to secure a stake in this exceptional development.
To bring this ambitious project to life, Almal partnered with the distinguished Palladium Hotel Group, a renowned operator with over 50 years of experience and a portfolio spanning 40 hotels across seven countries. Palladium’s expertise ensures an unmatched level of service for both guests and residents, guaranteeing a truly unforgettable experience.
This prestigious award is a testament to Almal Real Estate Development’s unwavering commitment to excellence. This latest recognition adds to a growing list of accolades, including honors from the UAE Realty Awards, Pillars of Real Estate, The Luxury Property Show, and Pioneer 50.
Through its innovative approach and dedication to luxury, Almal Real Estate Development continues to raise the bar in the UAE’s real estate and hospitality sectors. The Unexpected Al Marjan Island Hotel & Residences is a prime example of Almal’s dedication to pushing boundaries and providing exceptional experiences, ultimately supporting the UAE’s economic diversification and boosting its thriving tourism sector.
