Dubai’s Almal Real Estate Development wins the prestigious ‘Hospitality Project of the Year’ award, setting a new benchmark in luxury and innovation for the industry.
Continuing its tradition of excellence, Dubai’s luxury developer, Almal Real Estate Development, was recently honored with the coveted ‘Hospitality Project of the Year’ title at the 2024 Construction Innovations Awards. Hosted on October 30th at the Hilton Al Habtoor, this year’s awards ceremony celebrated the industry’s leading talents across the region. Expanding its focus to include categories highlighting technology, AI, and forward-thinking innovation, the event recognized the very best in the evolving construction landscape. Among these elite honorees, Almal Real Estate Development stood out for its stunning creation, The Unexpected Al Marjan Island Hotel & Residences.
As the flagship property for Almal Real Estate Development in Ras Al Khaimah, The Unexpected Al Marjan Island Hotel & Residences features over 422 luxurious hotel rooms and serviced residences, each offering sweeping views of the Arabian Gulf. The property’s upscale amenities include an energetic beach club, chic bars and restaurants, and striking infinity pools, all set against the backdrop of the renowned Wynn resort. Valued at AED 4,700 per square foot, these residences are among the island’s most sought-after properties. Recently, during the grand launch of the Ushuaïa Dubai Harbour Experience, Almal released the last 75 units of this iconic project, with prices starting at AED 2.5 million and a 70/30 payment plan, marking a final chance for investors to secure a stake in this exceptional development.
To bring this project to life, Almal Real Estate Development partnered with the distinguished Palladium Hotel Group to operate The Unexpected Al Marjan Island Hotel and Residences under its esteemed The Unexpected Hotels & Residences brand. With over 50 years of expertise and a portfolio spanning 40 hotels across seven countries, Palladium Hotel Group ensures an unmatched level of service for both guests and residents.
This prestigious award is a testament to Almal Real Estate Development’s continued commitment to excellence, adding to a list of accolades that includes honors from the UAE Realty Awards, Pillars of Real Estate, The Luxury Property Show, and Pioneer 50. Through its innovative approach, Almal Real Estate Development consistently raises the bar in luxury real estate and hospitality, supporting the UAE’s economic diversification and bolstering its thriving tourism sector.
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