Latest news with #Marjan
Zawya
21-07-2025
- Business
- Zawya
H.E. Ahmed Al Ketbi tours UAE developers showcasing Ras Al Khaimah, Dubai, and more at Global Property Expo
Singapore – Mr Ahmed Al Ketbi, Deputy Ambassador and Head of Economic Affairs at the UAE Embassy in Singapore, attended a guided tour of the UAE Pavilion at the Global Property Expo, where leading developers showcased new opportunities across the Emirates. He then delivered special remarks at the Opening Ceremony of the Expo on 18 July 2025, reinforcing the UAE's growing prominence as a global real estate investment destination. The UAE outperforms global markets in attracting foreign direct investment (FDI), particularly in the real estate sector. In 2023, the UAE ranked first in the Middle East and North Africa and 16th globally for FDI inflows, with a record USD 23 billion in foreign investments, according to the UNCTAD World Investment Report 2024. Dubai alone attracted AED 39.1 billion (USD 10.6 billion) in FDI during the first half of 2023, across over 600 projects, making it the top city in the world for greenfield FDI for the second consecutive year (Dubai FDI Monitor, 2024). Speakers at a key conference session, 'The Modern Oasis – Residential Investment in the Middle East', featuring Khaled Assaf (Marjan) and Dr Andrew B. Jones (Richmind), moderated by Louissa Thomas (Levella Global) reiterated that the region's integrated developments, forward-thinking urban planning, and investment incentives, are attracting international attention. The speakers mentioned that the UAE's strong performance is bolstered by tax-free income, 100% foreign ownership in designated zones, long-term residence visas tied to property investment, and government-backed urban development initiatives. In comparison to mature Western markets, the UAE offers higher yields, faster capital appreciation, and a favourable regulatory environment — solidifying its position as a global investment leader. UAE Pavilion Highlights: DAMAC Properties Established in 2002, DAMAC is one of the Middle East's leading luxury real estate developers with projects across the GCC, Middle East, Canada, Maldives, and the UK. Offerings at the Expo included multi-million square-foot residential communities, branded residences (e.g. Roberto Cavalli), and investment properties eligible for the UAE Golden Visa – such as SGD 400,000 one-bedroom apartments in Dubai with zero tax and freehold titles. Emaar Properties One of the world's most valuable real estate developers, Emaar presented landmark residential, retail and hospitality developments. With a net asset value of over USD 48 billion, the company is renowned for its design excellence, build quality, and lifestyle integration. Marjan LLC As Ras Al Khaimah's leading master developer, Marjan is setting the benchmark in large-scale, sustainable urban development. From Al Marjan Island – a luxury resort destination – to RAK Central, a smart and sustainable business hub, Marjan offers prime plots for hospitality, commercial, and residential investments. The upcoming Wynn Al Marjan Island Resort will be the Middle East's first integrated casino resort. Richmind Richmind unveiled its flagship project OYSTRA – an architectural icon designed by Zaha Hadid Architects. Located on Marjan Island and positioned steps away from the upcoming Wynn Casino, OYSTRA combines serene beachfront living with high-energy entertainment. With its 360° infinity pool, curated retail and wellness experiences, and limited inventory, OYSTRA offers exceptional lifestyle and investment potential. The project is drawing attention from global investors seeking high ROI and long-term capital appreciation. Vakson Group With more than 55 years of expertise in Dubai real estate, Vakson offers development, brokerage, leasing, facilities management and advisory services. The group supports a wide range of asset classes, from luxury residential, to staff housing, and industrial real estate. The UAE Pavilion was a highlight at the Global Property Expo, offering investors access to some of the Middle East's most visionary developments. About Global Property Expo | Singapore 2025 The Global Property Expo, hosted by JLL, is a premier international real estate event that took place between July 18-20, 2025, at the Sands Expo & Convention Centre, Singapore. This exclusive platform connects investors, developers, and industry leaders, featuring a curated exhibition of residential properties from Australia, Japan, the Middle East, the U.S., and Europe. Two conference tracks will explore sustainable investment, PropTech, and smart city innovations, alongside networking and wealth creation insights. As Asia Pacific investment in real estate surges, this event positions Singapore as a gateway to global residential real estate opportunities. Learn more at
Khaleej Times
10-07-2025
- Business
- Khaleej Times
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. 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.
Tourism Breaking News
04-07-2025
- Business
- Tourism Breaking News
ELEVATE and Ennismore partner to bring $500 million Mondrian branded residences to Al Marjan Island Ras Al Khaimah
Post Views: 29 ELEVATE and Ennismore signed an agreement to introduce the region's first-ever beachfront Mondrian residences in the UAE. The landmark $500 million project will be situated on the rapidly growing Al Marjan Island, marking a pivotal moment in the evolution of branded living experiences on the island and in the region. The grand opening is anticipated to be in Q4 2028. This partnership unites the strengths of two globally respected leaders, collaborating to champion bold design, authentic community experiences, and purposeful living. ELEVATE is setting new benchmarks for intentional and design-forward living, rooted in the UAE with a deep understanding of the region's evolving cultural and lifestyle ambitions. It offers the perfect counterpart: local insight, real estate expertise, and a vision for redefining modern luxury. Ennismore is a powerhouse in luxury lifestyle hospitality, comprising a collective of 16 globally celebrated brands and two F&B groups—including Delano, SLS, 25hours Hotels, SO/, and Rikas—as well as over 500 restaurants and bars. Together, the two are set to create transformative destinations that resonate far beyond the traditional hospitality model. Commenting on the signing, Arch. Abdulla Al Abdouli, CEO of Marjan said: 'We are delighted to welcome the Mondrian Residences to Al Marjan Island as part of our ongoing commitment to elevating Marjan's global stature, which is increasingly being famed as a lifestyle-led development. This collaboration between ELEVATE and Ennismore adds a new layer of depth and creativity to our growing portfolio of branded residences on the island. We are proud to welcome Mondrian Beach Residences to Al Marjan Island, which is slated to mark a global expansion for the hospitality giant, showcasing the draw and relevance of Marjan today'. With this landmark project, ELEVATE reaffirms its long-term commitment to the UAE, supported by a $1 billion development pipeline scheduled for the next 12 months. As the newly launched lifestyle real estate brand from One Group, ELEVATE is setting out to redefine luxury living with its philosophy of living centered around five core pillars of Health, Wellness, Tribe, Purpose and Flow that resonate with both modern residents and global investors. Speaking on the collaboration, Zeeshaan Shah, Chairman of One Group and Founder & CEO of ELEVATE, shared his enthusiasm: 'We're very proud to be bringing the first-ever beachfront Mondrian residences to the UAE in collaboration with Ennismore. We carefully selected Mondrian for this location as the brand is the epitome of what Marjan Island is becoming. Renowned for being at the forefront of lifestyle, art and culture, Mondrian's are icon's in every city they're in whether it's Los Angeles, Cannes or Ibiza and this will undoubtedly be the icon of Marjan Island'. The Mondrian Al Marjan Island Beach Residences will deliver a five star hospitality-infused residential experience, featuring private beach access, signature design elements, wellness-centric amenities, and curated cultural programming. Residents can expect hotel-grade services with the privacy and ownership benefits of a home, making it a compelling investment for both lifestyle buyers and discerning investors. Known for its avant-garde design and cultural relevance, Mondrian is one of Ennismore's most iconic brands, celebrated for its progressive edge in art, fashion, and urban living. With flagship properties in cities such as Los Angeles, Mexico, Ibiza, Doha, Singapore, and Seoul, Mondrian's branded residential arrival in the UAE signals a new era for luxury beachfront living. Louis Abboud, Regional Head of Lifestyle Collective IMEAT at Ennismore, said, 'We are excited to introduce this new and exciting Mondrian residential project to the UAE in collaboration with ELEVATE. Mondrian is a symbol of creative expression, and Al Marjan Island provides the perfect canvas. This development will bring our signature energy to a thriving new destination and redefine what modern beachfront living can feel like.' To ensure every detail of the project reflects its exceptional vision, a world-class team of consultants has been carefully curated. Leading the architectural narrative is Gensler – the world's largest architecture and design firm, headquartered in San Francisco – bringing global expertise and innovative design-thinking to the forefront. Complementing this is the acclaimed London-based Bergman Interiors, celebrated for their award-winning work across luxury hospitality, branded residences, and superyachts, adding a layer of bespoke sophistication to the interiors. Together, they infuse the development with a level of design excellence rarely seen in the region. Backed by a global real estate transaction record exceeding $2.5 billion, One Group's expansion into the UAE via ELEVATE is not just strategic – it's personal. Shah, who began his career in the UAE nearly two decades ago, sees the country as a natural extension of the Group's lifestyle-driven ethos. For ELEVATE, this launch is only the beginning of the UAE chapter. With several projects in the pipeline across the UAE, the brand is poised to redefine success and luxury, not by excess, but through purposeful design, community, and well-being. Concluding, Shah said, 'This partnership marks our development debut in the region, and we are proud to start by setting a new benchmark in branded beachfront living. I'm deeply grateful to the trusted partners and supporters who stood by this vision from the start – your belief and commitment have been paramount in bringing it to life.' Ennismore's branded residential properties, including Mondrian Al Marjan Island Beach Residences, are supported by Accor One Living, an industry-first 360° platform focused on developing, designing, and operating mixed-use projects and branded homeowner communities. Through Accor One Living, homeowners, guests, and partners are connected to Accor's diverse ecosystem of brands, expertise, and solutions, creating a constant flow of new opportunities to live, work, and play.
Zawya
03-07-2025
- Business
- Zawya
Major acquires prime plot at mega RAK commercial development
UAE-based Major Developers has entered into a deal with Marjan, the master developer of freehold properties in Ras Al Khaimah, to acquire a prime plot of land at its mega commercial development - RAK Central. As per the agreement, Major will be developing a mixed-use project at the RAK Central site with a built-up area of 265,000 sq ft. The entire work will be completed by Q4 2028. This marks Major Developers' second venture in Ras Al Khaimah thus reinforcing their commitment to the northern emirate's high-growth commercial and investment ecosystem, said senior company officials at the signing ceremony held at the Mövenpick Resort Al Marjan Island. Following the successful launch of their flagship project, Manta Bay at Al Marjan Island, this latest venture underscores Major's continued confidence in the emirate's economic vision and its infrastructure-driven approach to sustainable growth, they stated. Speaking on the occasion, Marjan CEO Abdulla Al Abdouli said: "With RAK Central, we've created a mega development that is structurally aligned with regional growth, global investment patterns, and national diversification goals." RAK Central is a meticulously planned business district designed to be the commercial nucleus of Ras Al Khaimah, offering rare investment fundamentals: 100% foreign ownership, low taxation, and high yield potential. Its strategic location and smart design make it one of the most compelling investment zones in the region. Grounded in a 'Work–Live–Play' philosophy, the district combines institutional infrastructure with human-centric planning to create a cohesive urban ecosystem, stated Al Abdouli. "Major Developers' decision to invest in this multi-use destination is 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," he added. Major Developers CEO Andrei Charapenak said: "RAK Central represents a uniquely calibrated convergence of foresight, infrastructure, and regional alignment. As such we are excited to drive Ras Al Khaimah's growth narrative through this multi-dimensional new project that is set to shape one of the UAE's most profitable and forward-thinking economic hubs." "We look forward to further driving this visionary project through our landmark architecture, experience, and performance," he added. RAK Central masterplan offers three million sq ft of rentable office space, more than 4,000 residential apartments, four hotels with a capacity surpassing 1,000 keys, multiple parks and green spaces in addition to various retail and entertainment facilities and several interconnected buildings with over 1,000 parking spaces for visitors. Work on RAK Central HQ, which will serve as the main business complex, is currently underway and expected to be completed in the first quarter of 2027. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
01-07-2025
- Business
- Zawya
Ras Al Khaimah continues to attract more investors powered by RAK Central's vibrant ecosystem
The new development enhances RAK Central's reputation as a global and regional investment hub Ras Al Khaimah, UAE: Marjan, the master developer of freehold properties in Ras Al Khaimah, has announced a strategic land acquisition deal by Major Developers at RAK Central, its upcoming mixed-use commercial development in the northern emirate. The official signing of the project took place at the Mövenpick Resort Al Marjan Island, marking Major Developers' second venture in Ras Al Khaimah and reinforcing their commitment to the emirate's high-growth commercial and investment ecosystem. Scheduled to be completed by Q4 2028, the high-performance, mixed-use development will span a built-up area of 265000 sq ft further enhancing RAK Central's status as a progressive integrated destination for living and business. Following the successful launch of their flagship project, Manta Bay at Al Marjan Island, this latest venture underscores Major Developers' continued confidence in the emirate's economic vision and its infrastructure-driven approach to sustainable growth. Abdulla Al Abdouli, Chief Executive Officer, Marjan, 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 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.' Andrei Charapenak, CEO, Major Developers, added; 'RAK Central represents a uniquely calibrated convergence of foresight, infrastructure, and regional alignment. As such Major Developers is excited to drive Ras Al Khaimah's growth narrative through this multi-dimensional new project that is set to shape one of the UAE's most profitable and forward-thinking economic hubs. We look forward to further driving this visionary project through our landmark architecture, experience, and performance.' RAK Central is a meticulously planned business district designed to be the commercial nucleus of Ras Al Khaimah, offering rare investment fundamentals: 100% foreign ownership, low taxation, and high yield potential. RAK Central's strategic location and smart design make it one of the most compelling investment zones in the region. Grounded in a 'Work–Live–Play' philosophy, the district combines institutional infrastructure with human-centric planning to create a cohesive urban ecosystem. Marjan's strategic partnerships to develop RAK Central, located on Sheikh Mohammed bin Salem Al Qasimi Street, with spectacular views of Al Hamra Golf Club and the Arabian Gulf, is attracting investment from multinational companies in diverse business sectors, including hospitality, leisure, retail, finance, logistics and construction. RAK Central masterplan offers three million square feet of rentable office space, more than 4,000 residential apartments, four hotels with a capacity surpassing 1,000 keys, multiple parks and green spaces, various retail and entertainment facilities, and several interconnected buildings with over 1,000 parking spaces for visitors. Work on RAK Central HQ, which will serve as the main business complex, is currently underway and expected to be completed in the first quarter of 2027. About Marjan Marjan is the master-developer of freehold property in Ras Al Khaimah, responsible for path-breaking developments such as Al Marjan Island aimed at positioning Ras Al Khaimah as one of the region's leading tourism and investment destinations. Mandated with developing waterfront, urban and mountain destinations that will add to the competitiveness of the Emirate, Marjan's strategic master-planning approach is to leverage Ras Al Khaimah's natural assets and lay the foundations of the Emirate's future expansions. Through its world-class master-planned communities in Ras Al Khaimah, Marjan attracts foreign investment as well as international visitors and positions the Emirate as a strong investment and tourism hub.
