The developer “Marjan,” a key player in freehold projects in Ras Al Khaimah, has announced the successful acquisition of a strategic land parcel for “Major Developers” as part of the upcoming mixed-use project “RAK Central.” This initiative continues to attract a growing number of investors.
The formal signing took place at the “Mövenpick Resort Al Marjan Island,” marking the launch of “Major Developers'” second project in Ras Al Khaimah.
The high-performance mixed-use project is slated for completion by the fourth quarter of 2028 and will cover a construction area of 265,000 square feet.
Abdullah Rashid Al Abdooli, CEO of Marjan, stated: “With ‘RAK Central,’ we are creating a large-scale project that aligns structurally with regional growth and local economic diversification objectives.