It has been announced by Emaar Chairman and one of the biggest property tycoons in the UAE, Mohamed Alabbar, that he will develop a $3.5 billion island development, Ramhan Island, near the coast of Abu Dhabi, with the aim of increasing tourism revenue in the emirate.
The natural island will be comprised of 1,800 villas on the beach, 1,000 houses, a hotel, and a marina. A number of projects have been developed by Emaar in the United Arab Emirates, including one of the tallest buildings in the world, Burj Khalifa. However, Ramhan Island will be built by Alabbar’s other development company called Eagle Hills, which is under the control of Alabbar.
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Alababar commented that living on a natural island in the middle of a sea of dolphins, turtles, and birds would be a unique experience. As he described this project as special, he noted that living on the island will be a unique experience, with a high standard of living. He said that some of the villas will be ready in the next 3 years.
As a tourist-centric country, the UAE is known for its artificial islands, which are especially popular. It is true that Dubai alone has three of these, including the Palm Jumeirah, the Deira Island, and the Palm Jebel Ali. Nakheel, a government-run company that develops and manages real estate, built them as a commercial project.
