Marjan, the master developer of freehold properties in Ras Al Khaimah, has announced the launch of RAK Central, a major mixed-use destination in the region. Set to open in 2026, RAK Central will include a Grade-A office and commercial district, offering 3 million sq ft of rentable office space, over 4,000 residential apartments, three hotels with a capacity of more than 1,000 keys, various parks and green spaces, retail and entertainment facilities, and extensive parking.
Scheduled to commence in 2024, construction work on RAK Central will be carried out in phases, with the first phase expected to be completed in the fourth quarter of 2026. The new development is designed to become Ras Al Khaimah’s largest business hub, attracting leading businesses and organizations to establish their headquarters.
RAK Central will prioritize sustainability and technology, adhering to LEED Gold Certification standards and incorporating advanced solutions such as Artificial Intelligence (AI). This will create a smart and state-of-the-art ecosystem that fosters the growth of communities and businesses.
As part of Marjan’s commitment to delivering high-end residential destinations, RAK Central will offer freehold residential plots for purchase and development by investors. The design of the land plots will ensure stunning views from all units, with a focus on promoting a pedestrian-friendly environment, green public spaces, and parks that enhance the overall lifestyle experience.
Abdulla Al Abdouli, CEO of Marjan, expressed his enthusiasm for the project, emphasizing its potential to drive economic growth in Ras Al Khaimah. Al Abdouli stated that RAK Central draws inspiration from the picturesque setting and heritage of the emirate, aligning with Marjan’s vision to create ambitious projects that shape future downtowns and lifestyle hubs.
The first phase of RAK Central will feature one million sq ft of commercial office space for rent, as well as exclusive residential plots for developers to construct towers with up to 45 floors. The headquarters and mixed-use office complex for Marjan’s own use are being designed by Gensler, a globally renowned architecture, design, and planning firm.
By creating a vibrant and inclusive environment, RAK Central aims to attract businesses, residents, and visitors alike, contributing to the overall growth and prosperity of Ras Al Khaimah. With its strategic location, stunning views, and commitment to sustainability, RAK Central is poised to be a transformative addition to the region’s landscape.
This announcement positions Marjan as a leading developer in Ras Al Khaimah, ready to spearhead the development of dynamic and sustainable communities that meet the evolving needs of residents and businesses.
Note: The news article has been produced based on the provided details.
