Stallion unveils Dh1.2 billion project in RAK

Stallion Properties yesterday announced the launch of Dh1.2-billion Santorini development on the Al Marjan Island in Ras Al Khaimah.

The project will consist of condominiums, town homes, premium villas, retail outlets, water bungalows and a five-star hotel. Each property comes semi-furnished with white goods already installed in the kitchen.

"It was paramount to our strategy that we teamed up with a real estate company that has demonstrated immense success, experience and integrity in the property market. Aspire has quickly gathered momentum and a sound reputation considering their launch into the market only being three years ago," said Stallion Properties Chief Executive Naresh Mehta.

"Our strategy is to align with key strategic partners with sound investment backing. Santorini is an ideal fit," said Aspire Chairman Harry Kantaria.