Latest news with #MajorDevelopers'
ME Construction
10-07-2025
- Business
- ME Construction
Major Developers expands into RAK Central with land acquisition deal
Construction Major Developers expands into RAK Central with land acquisition deal By 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.
Web Release
09-07-2025
- Business
- Web Release
Major Developers Expands into RAK Central with Strategic Land Acquisition
Major Developers announced the acquisition of a prime land parcel in RAK Central, Ras Al Khaimah's new commercial and administrative hub. The move marks a significant milestone in the company's expansion strategy and underscores its commitment to supporting the emirate's infrastructure-driven ambitions under RAK Vision 2030, Ras Al Khaimah's strategic framework to achieve sustainable, diversified, and globally competitive growth. '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,' said Andrei Charapenak, CEO, Major Developers. '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.' Building on the success of its flagship Manta Bay development at Al Marjan Island, Major Developers is now extending its hallmark approach to RAK Central. This strategic acquisition further deepens the company's alignment with the emirate's long-term economic transformation and reflects a growing partnership with Ras Al Khaimah. RAK Central stands out as a high-potential investment zone, 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: Three million sq. ft. of rentable office space 4,000 residential apartments Four hotels offering 1,000+ keys Extensive parks, green spaces, and pedestrian zones Retail and entertainment precincts 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. Major Developers identifies RAK Central as a focal point for investors seeking credible returns within a stable, growth-oriented ecosystem. The district's diverse master plan positions it as a magnet for regional headquarters, business expansions, and commercial activity. 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. With construction already underway at RAK Central HQ, Major Developers' entry is set to accelerate RAK Central's emergence as the emirate's premier destination for business, investment, and high-performance real estate.
Web Release
25-06-2025
- Business
- Web Release
Football Legend Totti Deepens Collaboration with Major Developers
The ongoing collaboration between Major Developers and international football icon Francesco Totti has become a hallmark of distinction for Manta Bay, now emerging as one of the most trusted and globally recognized real estate destinations in Ras Al Khaimah. Totti's enduring influence elevates the project's international appeal, capturing the imagination of elite investors seeking rare, experience-driven luxury. Originally introduced through the Totti Signature Collection—a set of 10 exclusive ultra-luxury residences curated with the Italian icon's input—the collaboration has evolved into a defining element of the Manta Bay lifestyle. As a homeowner and ambassador, Totti enhances the project's image as a destination for those seeking privacy, refinement, and distinction. These residences are more than just architectural landmarks. They reflect a lasting legacy of excellence,' said Andrei Charapenak, CEO of Major Developers. 'Francesco Totti's continued association with Manta Bay strengthens our connection with global investors who value trust, authenticity, and meaningful luxury. Our vision goes beyond design trends; we create destinations that stand the test of time, where every detail contributes to a lifestyle built on heritage, refinement, and enduring value. Each home within the Totti Signature Collection is designed to reflect a refined lifestyle, with wellness gardens, private cinemas, outdoor Jacuzzis, and signature memorabilia. Buyers are welcomed with an exclusive key handover hosted by Totti, followed by a private dinner in his company—an experience that underscores the personal nature of this collaboration. Totti joins a distinguished circle of global icons who have embraced Manta Bay's exclusive lifestyle. Celebrated football legends such as Marco van Basten and Frank Rijkaard have also chosen the development as their personal destination—drawn by its architectural finesse, waterfront setting, and immersive living experience. With 97% of units already sold, Manta Bay continues to resonate with elite buyers seeking exceptional real estate anchored in both luxury and legacy. Valued at AED 1 billion, Manta Bay features panoramic sea views, the region's first sky pool beach, a full-service wellness center, and platinum-tier concierge services. The project is contributing to Ras Al Khaimah's growing reputation as a hub for luxury real estate in the region. The collaboration with Francesco Totti reflects Major Developers' vision of luxury as an experience that transcends aesthetics—rooted in identity, aspiration, and global prestige. By partnering with icons who embody excellence, the company continues to craft destinations that are both desirable and enduring. More than real estate, Major Developers is building a global brand defined by timeless living and legendary collaborations.
ME Construction
17-02-2025
- Business
- ME Construction
Phase II of Manta Bay launches
Property Phase II of Manta Bay launches By Al Marjan Island development has already attracted interest from international developers, featuring key location and an array of lifestyle amenities UAE-based Major Developers has launched Phase II of its flagship project, Manta Bay, located on Al Marjan Island, Ras Al Khaimah, following the 'strong success' of Phase I. Announcing the new launch, the developer said this has been in response to heightened demand, with strong investor interest and expressions of interest (EOIs) already translating into multiple initial bookings. Designed to cater to the preferences of a global investor base spanning over 25 nationalities, Phase Two offers innovative and landscaped luxury living solutions. Buyers can also choose fully furnished units to enhance investment potential, with the units featuring private jacuzzis and BBQ-equipped terraces, with access to a wide range of other on-site lifestyle amenities. Major Developers' CEO, Andrei Charapenak said, 'The overwhelming interest in Manta Bay Phase II is a testament to the project's appeal and the confidence investors have in our vision. With exclusive new units and its prime location on Al Marjan Island – home to transformative developments like the Wynn Al Marjan Island resort – this phase enhances the luxury living experience. We are thrilled to see strong momentum from both local and international buyers, with Phase Two already receiving bookings and EOIs from investors across 25 countries.' 'This is a clear reflection of Manta Bay's global appeal and its potential as a prime investment opportunity. To meet this growing demand, we have introduced a wider range of layouts designed to accommodate evolving investor and resident needs,' concluded Charapenak.
