Dubai-based investment firm Almal Capital recently invested in two luxury developments, La Mer Island and Al Marjan Island, in Dubai and Ras Al Khaimah.
Founded in 2022, the company focuses on upscale hospitality and residential projects to deliver high-quality properties and returns for investors. This move marks the beginning of an expansion phase for the company in the real estate industry.
Almal Capital Investments, backed by international experience, specialises in real estate development, investment services, and construction management, focusing on high-end properties in the UAE. The company aims to create upscale living spaces by incorporating luxury brands, smart home technologies, and premium amenities to set higher standards in project execution and construction excellence.
The company’s flagship investment in La Mer Island includes two fully furnished Harrisoni-branded luxury villas designed with a fusion of Miami-style architecture and Arabic cultural elements. Designed by XBD Collective, these villas aim to offer an opulent living experience, seamlessly integrating indoor and outdoor spaces and capturing scenic views of the surrounding beach and cityscape.
Additionally, in Ras Al Khaimah’s Al Marjan Island, Almal Capital Investments is partnering to develop a 400-key entertainment hotel with an investment of $150 million. Positioned near the Wynn Resort, the project aims to redefine luxury hospitality in the region. A feasibility study conducted in collaboration with CBRE supported the decision to invest, indicating the company’s strategic and informed approach to maximise investment returns.
Almal Capital Investments intends to redefine luxury hospitality and upscale living by leveraging its expertise and strategic planning to increase investment returns and deliver long-term value for residents in these projects.
