USD 2 billion resort project at Suraya Islands underway

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Mumbai, Jan 11 (UNI) UAE-based Suraya Holdings will begin a phased opening of their luxury resort at Suraya Islands, north of Dubai from 2011 end.

Speaking to media, Madhar Al Tamini, GM, Suraya Islands said, ''The planning took one-and a half years and construction will take another three. By 2011 end, we expect to open parts of the 5.5 km resort to clients.'' The resort is composed of four islands in a free zone covering 1.4 sq metres and flanked by the Arabian peninsula in the north and the Hajjar mountains in the south is situated in Ras Al Khaimah north of Dubai.

It is a 45-minute drive from Dubai airport and a 30 minute drive from Sharjah. The resort will have flats, townhouses, villas, marinas and water parks, including six top hotels.

With prices of the estate starting at approximately USD 200,000, the company is focussing on the traditional markets of north America, Europe, the Far East and the new economies of Russia, India and Australasia.

The Suraya Islands is founded by the Investment Development Office of the government of Ras Al Khaimah, Saraya Holdings, Arab bank and Saraya Real Estate Mena Fund.

UNI ZC MAZ VKG1845

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