Ras Al Khaimah (RAK) has been steadily transforming itself into a thriving economic hub. With a focus on sustainable development and diversification, Ras Al Khaimah has unveiled ambitious plans to propel the Emirate into the future:
One of the most significant development projects in Ras Al Khaimah is the unveiling of RAK Central by Marjan, the master developer of freehold properties in the Emirates. RAK Central is a mixed-use destination that aims to drive business, tourism, and job opportunities in Ras Al Khaimah. The project, set to open in 2026, will feature a Grade-A office and commercial district, the largest in the Northern Emirates, along with residential plots, parks, and green spaces.
RAK Central will be an innovative and sustainable ecosystem that follows LEED Gold Certification principles and incorporates advanced technology solutions like artificial intelligence (AI). The project expects to attract investment from multinational companies across various sectors, including hospitality, leisure, retail, finance, logistics, and construction.
Another significant development in Ras Al Khaimah is Mina Al Arab, a Dh10 billion ($2.72 billion) master development of the Emirate’s coast. RAK Properties, a leading real estate developer, has unveiled plans to launch four new residential projects and a hotel project at Mina Al Arab this year, driven by strong investor demand.
The new projects, consisting of branded apartments and villas, are expected to be valued in the billions of dirhams. RAK Properties has already unveiled three new residential projects with close to 900 units this year, with the residences at one of its developments, Bayviews, selling out within a few hours of being launched.
Al Marjan Island, an artificial archipelago developed by Marjan, significantly contributes to Ras Al Khaimah’s tourism and real estate sectors. The island features high-end residential developments, hotels, and leisure facilities, attracting investors and visitors alike.
Marjan, the developer behind RAK Central, is working on diverse projects across several locations in Ras Al Khaimah, creating world-class master-planned communities and new lifestyle destinations. The company is actively seeking strategic partnerships to align with the vision of Ras Al Khaimah’s leadership and drive the Emirate’s growth.
Ras Al Khaimah’s ambitious development plans, including RAK Central, Mina Al Arab, and Al Marjan Island, showcase the Emirate’s commitment to sustainable growth and diversification. These projects are set to attract investment, create job opportunities, and enhance the quality of life for residents and visitors alike.
