The emirate of Ras Al Khaimah (RAK) is set to redefine its skyline with the unveiling of a groundbreaking project - RAK Central. Developed by Marjan, the visionary property developer behind the successful Al Marjan Island, RAK Central promises to be a high-rise financial center that will not only reshape the cityscape but also contribute significantly to the economic growth of the region.

A Grand Vision Unveiled: RAK Central.

Marjan has revealed ambitious plans for RAK Central, a dynamic commercial and residential district located in Al Hamra. Spanning three million square feet, this mega-project will feature rentable office spaces, over 4,000 apartments, and three luxurious hotels. Positioned on Sheikh Mohammed bin Salem Al Qasimi Street, RAK Central is strategically designed with interconnected buildings, green spaces, parks, and a myriad of retail and entertainment options.

Magnificent Views and Strategic Location.

Situated with panoramic views of the Al Hamra Golf Club and the Arabian Gulf, RAK Central is poised to become the largest commercial business district in the Northern Emirates. The strategic location and thoughtfully planned infrastructure make it an attractive prospect for investors and businesses looking to establish a prominent presence in the region.

Phased Development and Strategic Partnerships

Marjan envisions the project to be developed in phases, with the construction of the first phase commencing this year. The initial phase includes one million square feet of commercial office space for rent, with additional areas available for development. RAK Central also offers 34 freehold residential tower plots, allowing investors to participate in shaping this iconic skyline. Marjan is actively seeking strategic partnerships to propel the development forward, anticipating investments from multinational companies across various sectors.

Economic Growth and Future Hubs

Abdulla Al Abdouli, CEO of Marjan, expresses the transformative impact RAK Central will have on Ras Al Khaimah's economic landscape. He envisions the project as a hub for businesses, not only offering high-value property for international investors but also creating a nucleus for various industries, including hospitality, leisure, retail, finance, logistics, and construction.

Marjan's Proven Track Record: Al Marjan Island

Marjan, the mastermind behind Al Marjan Island, has already demonstrated its prowess in developing world-class communities. The success of Al Marjan Island, with its pristine beaches, waterfront developments, and major hotels, attests to Marjan's commitment to creating lifestyle destinations. The artificial islands have garnered significant investments, with projects like Wynn Resorts and Aldar Properties adding to the allure.

Thriving Tourism and Property Sales

Ras Al Khaimah's tourism is on an upward trajectory, with a record 1.22 million tourists in the past year. The emirate's property market is also booming, with RAK Properties aiming to achieve over Dh3 billion in property sales, a 50% increase from the previous year. The tourism and property sectors are thriving, positioning Ras Al Khaimah as a premier destination for both leisure and investment.

A Beacon of Progress.

With RAK Central, Ras Al Khaimah stands at the cusp of a new era of progress and prosperity. Marjan's vision for this high-rise financial center is set to redefine the skyline, attract international investment, and solidify the emirate's position as a hub for business and leisure. As construction begins this year, eyes from around the world will be on Ras Al Khaimah, witnessing the transformation of RAK Central into a beacon of economic growth and architectural marvel.