Emaar Properties has agreed to develop its first project in the emirate of Ras Al Khaimah (RAK).
The developer penned a deal with Al Marjan Island (AMI) for mixed-use projects including high-end residential, hospitality and retail components.
Al Marjan Island is a cluster of four coral-shaped islands that is set to be a tourism and leisure hub.
The emirates first man-made project, it has a development value of over $1.8bn with 1,500 operational hotel keys and more than 2,000 residential units.
Emaar will pilot the first phase of its project, which will feature a five-star luxury hotel and serviced residences and a retail precinct.
The agreement was signed by Sheikh Khalid Bin Saud Al Qasimi, Chairman of Al Marjan Island, and Mohamed Alabbar, Chairman of Emaar Properties.