RAK Properties awards marina management contract to ART Marine

RAK Properties PJSC, Ras Al Khaimah’s biggest property developer listed on the Abu Dhabi Stock Exchange, has announced that it has signed a marina management agreement with ART Marine, the Middle East’s leading marina management company. ART Marine will operate the newly constructed Lagoon Marina, which is located at the heart of Lagoon Walk in Mina Al Arab - an eco-themed mixed-use waterfront community developed along the coastline of Ras Al Khaimah. The marina is set to become the premier lifestyle marina in Ras Al Khaimah when it commences operations in early January 2016.

The initial phase of Lagoon Marina will accommodate 56 berths for all types of boats up to 30 meters in length. The marina’s unique positioning at the very heart of Mina Al Arab, provides the surrounding residents with the pleasure of watching their boats, knowing that a trip out on the Arabian Gulf water is only few miles away.

The marina will complement the dynamic neighborhood of Lagoon Walk, a 1.2 km waterfront promenade lined with restaurants and cafes enjoying unobstructed sea views and stunning sunsets.

Mohammad Sultan Al Qadi, Managing Director and CEO, RAK Properties, said: “ART Marine is renowned for transforming marinas into lifestyle destinations that offer memorable experiences. The Lagoon Walk is already noted for its natural beauty, so a world-class marina operated by one of best marina management in the region will further cement Mina Al Arab’s image as one of the best residential developments in the UAE. We are already considering the next phase of the marina based on the surge of enquiries received to date from boat owners.”

Toby Haws, Head of Marina Management, ART Marina, added: “ART Marine is committed to operate the Lagoon Walk Marina as an integral part of one of the most distinguished real estate developments in the Northern Emirates. We will not just be managing a place for berthing marine vessels but rather as a genuine travel destination that adds to the appeal of the community and Mina Al Arab as a whole.”

ART Marine currently manages six marinas in the region which are operated according to the best internationally recognized standard operating procedures, while preserving each marina’s specificity and character. Its network of prominent marinas includes the Emirates Palace Marina in Abu Dhabi, Reef Island Marina in Bahrain, Marti Marina in Turkey, and the Al Bandar Marina in Abu Dhabi.