Ras Al Khaimah (RAK) property developer Marjan has unveiled expansive plans for a prominent commercial and residential district in Al Hamra.
Spanning three million square feet, the ambitious development named RAK Central is poised to redefine the landscape with its array of offerings, including rentable office spaces, over 4,000 apartments, and three upscale hotels.
Situated on Sheikh Mohammed bin Salem Al Qasimi Street, RAK Central will not only feature contemporary office spaces but also incorporate green spaces, parks, and a diverse selection of retail and entertainment options, all seamlessly connected within the district. Offering breathtaking views of the Al Hamra Golf Club and the Arabian Gulf, this development is set to become the largest commercial business hub in the Northern Emirates.
The project will unfold in phases, with the initial phase encompassing one million square feet of commercial office space for rent, alongside additional areas earmarked for future development.
RAK Central presents a unique opportunity for investors, with 34 freehold residential tower plots available for purchase and development. These residential towers, towering up to 45 floors or approximately 200 meters in height, promise a blend of luxury and modern living.
Marjan is actively seeking strategic partnerships to bring RAK Central to fruition, aiming to attract investments from multinational companies across various sectors including hospitality, leisure, retail, finance, logistics, and construction. Construction is slated to commence this year, with the first phase of infrastructure and the primary business complex expected to be completed by the fourth quarter of 2026.
Abdulla Al Abdouli, Chief Executive of Marjan, expressed optimism about the transformative impact of RAK Central on Ras Al Khaimah’s economic landscape. He emphasized its role in not only providing international investors with premium real estate opportunities but also serving as a thriving business hub.
Marjan: Changing the RAK Skyline
In addition to RAK Central, Marjan has been instrumental in the development of Al Marjan Island, a premier destination boasting four reclaimed islands, 7.8 kilometres of pristine beaches, and 23 kilometres of waterfront.
This iconic development has witnessed substantial investment interest in recent years, with notable projects such as Wynn Resorts’ forthcoming 1,000-room property and Aldar Properties’ successful sale of beachfront units.
Moreover, other prominent developers like The Luxe Developers and Dubai Investments have unveiled upscale residential projects on Al Marjan Island, further cementing its status as a sought-after real estate destination.
Paragon Properties RAK, a key player in the market, aims to achieve significant property sales this year, buoyed by the robust demand for waterfront developments.
The surge in tourism, as evidenced by the record-breaking influx of 1.22 million visitors to Ras Al Khaimah last year, underscores the emirate’s growing appeal as a leisure and business destination. With RAK Central poised to set new benchmarks in commercial excellence and residential living, Ras Al Khaimah continues to emerge as a dynamic and prosperous hub in the UAE’s diverse real estate landscape.