“Mohamed Alabbar, the founder of Emaar Properties, one of Dubai’s leading developers, is set to launch a new island project in Abu Dhabi called Ramhan Island. “

According to Arabian Business, the project will cost $3.5 billion and will feature 1,800 beach villas, 1,000 branded residences, a hotel, and a marina. Alabbar is developing the project through his privately-owned company, Eagle Hills.

Ramhan Island is described as a natural and untouched paradise and is located just 20 minutes from mainland Abu Dhabi. The island will feature a world-class marina with state-of-the-art shopping and fine dining options, luxury hotel accommodations, and floating villas. The villas will come in eight different designs and layouts and range in size from 265m2 to 700m2.

Alabbar believes that living on a natural island is a rare and unique experience that has never been seen before. He also mentioned that the presence of dolphins, turtles, and birds will add to the island’s natural charm. Alabbar is excited to deliver a quality of life that has never been seen before and considers this project as one of his most special endeavors.

This launch follows Alabbar’s recent unveiling of the $2.5 billion Durres Yacht Club and Marina project in Albania. Alabbar stated that properties located by the water usually have a 35% premium on their value, making this new island development an attractive investment opportunity.

In summary, Mohamed Alabbar’s new island project, Ramhan Island, will feature 1,800 beach villas, 1,000 branded residences, a hotel, and a marina, and is expected to cost $3.5 billion. The project is being developed by Alabbar’s company, Eagle Hills, and is expected to offer a unique and untouched natural paradise that has never been seen before.