RAK expansion for Jannah Hotels and Resorts
Abu Dhabi-based Jannah Hotels and Resorts plan Ras Al Khaimah expansion this year
Abu Dhabi-based Jannah Hotels and Resorts plan Ras Al Khaimah expansion this year.
The hotel operator, Jannah Hotels and Resorts, expects to manage 100 hotel apartments and 24 villas of three to five bedrooms called the Jannah Resort and Villas in December, according to local media.
Located in Ras Al Khaimah’s seafront Mina Al Arab project, the villa prices are marketed at US $980 (AED3,600) per night.
"Ras Al Khaimah is close to Dubai, and we can have packages for people staying in Dubai as well as Ras Al Khaimah: it has an airport, and today it is not an overcrowded or oversupplied market," said Jannah Hotels and Resorts chief executive Nehme Darwiche. "For an investor, now is the perfect time to penetrate the market."