NEW PREMIUM 4* HOTEL RESORT IN THE UAE
Ras Al Khaimah (RAK) is the 4th largest and northern most emirate of the United Arab Emirates and has become one of the most sought-after locations for living, leisure and businesses to prosper. RAK is now a strategic gateway to the Middle East, Africa and Asia, due to its geostrategic location in the Arabian Gulf.
The emirate has an average GDP growth of 8%, since 2011 and will continue to grow at a great pace. With its dedicated focus on tourism, increased leisure demand and growth in hospitality performance, it’s no surprise that Ras Al Khaimah has become an investor haven for the world’s wealthy.
- Investment Term – 7 years
- Investment Price – USD 25,000 per share
- Shares Available – 2,400
- Development IRR of 19.8%
- Investment Buyback – 130%
- Average Annual Return – 12%
Crowngate’sRAK hotel will be managed and operated by the renowned global hotel operator Minor Hotels under their luxury AVANI brand.
Minor Hotels are an international hotel owner and operator managing 6 proprietary brands – Anantara, AVANI, Elewana, Oaks, Per Aquum & Tivoli.
Minor’s portfolio includes 155 hotels & resorts, across 24 countries in Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe & South America.
The UAE is a Tax-free haven with 0% corporate and income tax
It has a diverse and expanding, open economy with an extremely stable currency
Dubai is hosting the World Expo in 2020 which will attract 25 million visitors and increase the local economy by an expected $19.6 Billion in its 6-month duration
The growth rate forecast for the UAE economy over the coming years is 13% (Source: Abu Dhabi Chamber of Commerce and Industry)