Major Developers expands into RAK Central with land acquisition deal
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With construction already underway at RAK Central HQ, Major Developers' entry is poised to accelerate RAK Central's emergence as the emirate's premier destination
Developer Major Developers said that it has made a significant acquisition by purchasing a prime land parcel in RAK Central, Ras Al Khaimah's new commercial and administrative hub. This move holds immense importance as it marks a milestone in the company's expansion strategy, the firm said.
The move also underscores the company's commitment to supporting the emirate's ambitious infrastructure-driven goals outlined in RAK Vision 2030. This framework serves as Ras Al Khaimah's roadmap to achieving sustainable, diversified, and globally competitive growth, the developer said.
'With RAK Central, we've created a mega-development that is structurally aligned with regional growth, global investment patterns, and national diversification goals. Major Developers' decision to invest in this multi-use destination is a testament to Ras Al Khaimah's growing clout as a durable economic engine driving further progress. We welcome their participation in the evolution of RAK Central and look forward to a landmark addition to its evolving identity,' said Abdulla Al Abdouli, Chief Executive Officer, Marjan.
'RAK Central represents a high-potential economic zone, and we see it as a natural extension of our growth strategy. Every square foot we develop is driven by precision, performance, and investor confidence. This project enables us to deploy our design-led construction, financial foresight, and value-oriented execution in a district that reflects these very principles. Ras Al Khaimah's infrastructure-first vision aligns seamlessly with our commitment to long-term capital appreciation, global partnerships, and regionally impactful development,' added Andrei Charapenak, CEO, Major Developers.
RAK Central will be offering 100% foreign ownership, low corporate taxation, and a future-ready master plan. Anchored in a 'Work–Live–Play' philosophy, the district is designed to attract regional headquarters, business expansions, and commercial operations through its integrated infrastructure and investor-friendly ecosystem.
The RAK Central master plan includes 3m sqft of rentable office space, 4,000 residential apartments, four hotels offering over 1,000 keys, parks, green spaces, pedestrian zones, retail and entertainment, and over 1,000 visitor parking spaces across interconnected buildings. Development is already underway on RAK Central HQ, which will serve as the district's primary business complex and anchor the wider commercial offering, said the statement.
Major Developers said that it identifies RAK Central as a focal point for investors seeking credible returns within a stable, growth-oriented ecosystem. All aspects of Major Developers' upcoming project in RAK Central will be guided by its founding principles- uncompromising quality, data-informed execution, and outcomes measured by long-term asset performance. From architectural identity to operational delivery, the project aims to raise the standard for real estate in the emirate.
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