Marjan Completes Infrastructure Works On RAK Central Project Enhancing Ras Al Khaimah's Business Landscape

Marjan, a developer of freehold properties in Ras Al Khaimah, has recently accomplished a significant phase in the development of RAK Central, a mixed-use commercial project designed to become the heart of business activities in the northern emirate.

The project sprawls over 3.1 million sq. ft., offering an expansive 8.37 million sq. ft. of gross floor area designated for various purposes, including commercial, residential, retail, and hospitality ventures.

The site is now fully equipped with necessary services like stormwater systems, sewerage, firefighting, irrigation, potable water, electrical networks, and street lighting. Furthermore, the development boasts completed roads, cycling paths, and green areas, setting the stage for sub-developers to initiate their projects. The completion of the RAK Central HQ is anticipated by the first quarter of 2027.

Arch. Abdulla Al Abdouli, CEO of Marjan, expressed enthusiasm about the project's advancement, stating, "With the completion of infrastructure works and onboarding of global contractors, RAK Central has progressed into a new activation phase. The involvement of leading developers reinforces our vision to create a world-class hub that brings together business, lifestyle and tourism, enhancing Ras Al Khaimah's reputation as a compelling destination for international investors and families alike."

RAK Central distinguishes itself as a prime investment locale, offering attractive incentives like 100% foreign ownership, minimal taxation, and high yield potential. It's strategically placed on Sheikh Mohammed bin Salem Al Qasimi Street, offering stunning vistas of Al Hamra Golf Club and the Arabian Gulf. The district is accessible via the E-11 highway, with expansions underway to improve connectivity even further.

Designed to meet the highest standards of modern urban development, RAK Central features Grade A offices, residential spaces, hotels, retail outlets, and a lively Town Square, all complemented by top-notch amenities.

The LEED Gold-certified office buildings will operate under a dual licensing system, with a hospitality-driven management model to ensure a high quality of life for its occupants. Since its unveiling in January 2024, RAK Central has seen all its plots sold out, illustrating the high demand for such a well-conceived development.

The master plan of RAK Central includes three million square feet of office space available for rent, over 4,000 residential units, four hotels with more than 1,000 keys, and numerous parks and green spaces.

Additionally, it will feature a range of retail and entertainment options, interconnected buildings, and ample parking facilities for over 1,000 vehicles. RAK Central now stands ready to welcome a global community of investors, businesses, and residents, marking a significant milestone in the transformation of Ras Al Khaimah into a dynamic and attractive new address.

This development is a critical component of the RAK Vision 2030, aiming to transform the area into a bustling 'Work-Live-Play' environment. The announcement underscores the completion of essential infrastructure work and the selection of ALEC, a premier construction group in the Middle East, to oversee the construction of the RAK Central HQ Office Complex.