'Real Madrid Resort Island', which has a cost of $1 billion, is due to open in January 2015, with over one million visitors expected per year.
At the event, in which Madrid were represented by president Florentino Perez and directors Emilio Buntragueno and Zinedine Zidane, UAE football authorities spoke of the importance of the resort to develop football in the Persian Gulf region.
"We are proud of this project, we have done everything to make it easier and we hope that everyone will be satisfied with it," UAE FA interim president Youssef Alserkal told reporters.
"The government of Ras al-Khaimah will do everything to make this a success.
"This project will definitely improve the sport in our Arabic country."
Starting last Friday and continuing for 10 weeks, Goal.com is publishing exclusive extracts from Luca Caioli's new book, Ronaldo: The Obsession for Perfection. The second extract, published on Friday, looks at his first footballing forays on the island of Madeira. Don't miss it!