ADNH picks Al Hamad as main contractor for Al Marjan Island luxury resort
Abu Dhabi National Hotels awarded the main works contract for Nasim Al Bahr Residences in Ras Al Khaimah, worth 2.2 billion dirhams, Reuters reports.
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what happened
Abu Dhabi National Hotels Company (ADNH) has handed the main construction work for a luxury resort in Ras Al Khaimah to Al Hamad Building Contracting, Reuters reports. The company told the Abu Dhabi Securities Exchange that the deal is worth 2.2 billion UAE dirhams, or about $599 million.
The Nasim Al Bahr Residences project on Al Marjan Island will include 495 hotel rooms, 29 hotel villas and 447 branded apartments. Piling is finished, and the company expects the site to open in the fourth quarter of 2028.
why it matters
For markets, the deal is a small event, well below the size of major sector transactions. It does confirm that the project is moving from preparation into the main build stage. Timelines and budgets depend on construction progress, so further updates from the company are possible.
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sources
- UAE's ADNH appoints main contractor for luxury project on Al Marjan Island — Reuters, 23 October 2026 at 07:40 UTC
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