New Vision Unveiled: RAK Central Development by Marjan
Ras Al Khaimah (RAK) has taken a significant leap forward in the realm of real estate development with Marjan's plan to introduce a cutting-edge commercial and residential district, RAK Central, in the thriving Al Hamra region. This up-and-coming district is set to transcend boundaries and promises to host extensive offerings.
Unveiling RAK Central: A Haven for Business and Living
The blueprint of RAK Central encompasses a grand expanse of three million square feet, incorporating rentable office spaces, over 4,000 upscale apartments, and the addition of three hotel infrastructures. Situated on Sheikh Mohammed bin Salem Al Qasimi Street, it boasts panoramic views of the Al Hamra Golf Club and the majestic Arabian Gulf. This visionary project is poised to mark its stature as the largest commercial business district in the Northern Emirates.
Building for the Future: A Stepwise Development Approach
The development of RAK Central will be meticulously executed in phases, commencing with the construction of one million square feet of commercial office spaces tailored for rent. Thirty-four freehold residential tower plots will be made available for investors, encouraging substantial growth and development opportunities within this novel district. The residential towers are designed to reach vertiginous heights of 45 floors, symbolizing luxury and innovation.
Forging Partnerships: Pioneering Progress in Collaboration
Marjan stands committed to exploring strategic partnerships, ensuring the holistic and integrated development of RAK Central. This resolute endeavor has led to anticipating investments from multinational companies spanning various sectors like hospitality, leisure, retail, finance, logistics, and construction. This inclusive approach is poised to carve an ecosystem tailored for phenomenal growth and success.
The Transformation Begins: RAK Central's Impact
The construction of RAK Central is scheduled to commence this year, with the inaugural phase's infrastructure and main business complex anticipated to reach completion in the fourth quarter of 2026. Abdulla Al Abdouli, the esteemed Chief Executive of Marjan, envisions RAK Central as a catalyst for economic upsurge in Ras Al Khaimah, signaling the emergence of a resplendent business hub, offering high-value properties and a conducive environment for burgeoning businesses.
Expanding Horizons: Marjan Island's Remarkable Achievements
In continuity with the legacy of Marjan, the developer, Marjan Island stands tall as a testament to groundbreaking achievements. Marjan Island, under the leadership of Marjan, epitomizes visionary development in Ras Al Khaimah. The creation of four reclaimed islands, encompassing over 7.8 kilometers of pristine beaches and 23 kilometers of waterfront, has established this ambitious project as a magnet for investment in recent years.
Wynn Resorts: Redefining Luxury and Entertainment
In the upcoming year of 2026, Wynn Resorts is set to unveil its opulent 1,000-room property on Marjan Island. This exceptional endeavor, developed by the esteemed Las Vegas-based hotel operator, will feature a diverse range of entertainment and gaming amenities. Additionally, it will offer numerous dining options and a sprawling convention center, contributing to the redefined luxury and entertainment landscape of Marjan Island.
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Aldar Properties: Setting Unparalleled Standards for Beachfront Living
Aldar Properties, hailed as Abu Dhabi's premier developer, achieved notable success through the sale of its first phase of residential units on Marjan Island. The sale of 420 beachfront units, totaling Dh1 billion ($272 million), underscores the undeniable allure of this coastal haven, setting exceptional standards for beachfront living.
The Luxe Developers: A Beacon of Luxury Waterfront Living
The Luxe Developers unveiled a luxurious waterfront residential complex on Marjan Island, with a total investment of Dh1.5 billion. This exclusive development comprises 206 meticulously crafted units, including penthouses and exclusive sky villas, showcasing unparalleled luxury and enhancing the waterfront living experience.
Dubai Investments: Spearheading Residential Excellence
In 2022, Dubai Investments initiated the construction of Danah Bay, a Dh1 billion residential development on Marjan Island. Boasting 337 units, including villas and apartments, this project epitomizes the commitment to superior living standards, further cementing Marjan Island's position as a premier real estate destination.
RAK Properties: A Driving Force for Economic Growth
RAK Properties, with ambitious plans to achieve over Dh3 billion in property sales, underscores its pivotal role in propelling economic growth in Ras Al Khaimah. The company's unwavering dedication to innovation and excellence continues to redefine the real estate landscape, positioning Marjan Island for unparalleled growth and significant economic impact.
The Future of Development: A Vision Transcends
With the recent launch of Quattro Del Mar waterfront development and plans for four new projects, Ras Al Khaimah is on the precipice of unprecedented growth. These transformative initiatives, coupled with the surge in tourism, herald a promising future for the emirate's real estate sector, leaving an indelible mark on the future of development in the region.
At N7 Real Estate Dubai, we recognize the significance of such visionary projects. As a company, we are committed to fostering innovation, and we strive to engage in meaningful collaborations to bring new dimensions to the real estate landscape. Our dedication towards shaping the future aligns seamlessly with the progressive ideals championed by Marjan's endeavors.
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