Emaar Properties has launched its first investment project in the Emirate of Ras Al Khaimah on Al Marjan Island, covering a 2 million-square-foot mixed-use area.

The agreement was signed by Sheikh Khalid bin Saud Al Qasimi, Chairman of the Board of Directors of Al Marjan Island, and Mohamed Alabbar, Chairman of the Board of Directors of Emaar Properties.

Al Marjan Island is considered a new tourist destination in Ras Al Khaimah, and is home to several real estate and hotel projects, with currently 1,500 hotel rooms in operation, in addition to more than 2,000 residential units on the island.