Latest news with #RAKCentral
Zawya
02-06-2025
- Business
- Zawya
RAKEZ and Marjan appoint JLL as the exclusive leasing advisor for the landmark RAK Central HQ
Ras Al Khaimah: In a major milestone for Ras Al Khaimah's commercial real estate landscape, Ras Al Khaimah Economic Zone (RAKEZ) and Marjan have appointed global property consultancy, JLL, as the exclusive leasing advisor for RAK Central HQ, the flagship office development within the broader RAK Central masterplan. A first-of-its-kind Grade-A commercial district in the Emirate, RAK Central is expected to drive business and tourism development, unlock job opportunities, and redefine lifestyle in Ras Al Khaimah. The appointment was formalised during an official signing ceremony attended by Ramy Jallad, Group CEO of RAKEZ; Abdulla Al Abdouli, CEO of Marjan; and James Allan, CEO of JLL Middle East and Africa (MEA). Commenting on the leasing partnership, Ramy Jallad, Group CEO of RAKEZ, said: 'Appointing JLL as the exclusive leasing advisor for RAK Central HQ is a key milestone in our strategy to attract high-quality, long-term occupiers to Ras Al Khaimah. This development goes beyond physical space, it is about creating a Grade A business environment that meets the evolving needs of global companies, with smart design, sustainability, and access to a supportive economic ecosystem. With JLL's global expertise and deep market insights, we are confident in our ability to position RAK Central HQ as the emirate's premier destination for multinational tenants.' Strategically located on Sheikh Mohammed bin Salem Al Qasimi Street, along the E11 highway, RAK Central is the centrepiece of a larger mixed-use development, offering an integrated work-live-play environment to attract international businesses and top-tier talent. The development spans over 435,000 ft2, with more than 882,600 ft2 of leasable space, including Grade A offices, high-end retail, F&B outlets, and premium amenities. Positioned at the heart of this masterplan, RAK Central HQ is expected to become Ras Al Khaimah's largest business hub and will be anchored by five LEED Gold-certified towers. Construction is scheduled for completion in Q4 2026, with a full commercial launch planned for Q1 2027. JLL will lead the exclusive leasing of all office and retail components within the HQ, with pre-leasing and tenant engagement already underway. The HQ targets multinational blue-chip tenants, offering flexible layouts, open-plan workspaces, high ceilings, and cutting-edge infrastructure. Ground-floor retail and F&B options will be complemented by landscaped parks, shaded walkways, and outdoor seating areas, delivering a vibrant, pedestrian-friendly environment focused on accessibility, wellbeing, and experience. Arch. Abdulla Al Abdouli, Chief Executive Officer of Marjan, said: 'RAK Central HQ is a significant investment in the future of Ras Al Khaimah, offering a premier opportunity for market-leading firms seeking Grade A commercial spaces in a prime location. Leveraging JLL's professional services will attract top-tier tenants in both the office and retail sectors, maximising the long-term value of this landmark development for our investors and contributing to the Emirate's economic diversification.' James Allan, CEO of JLL Middle East and Africa JLL, said: 'JLL is proud to be the exclusive leasing advisor for RAK Central HQ, a unique Grade A commercial hub in the heart of a world-class community. This innovative development is set to become the premier headquarters location for leading regional and global businesses, and JLL's appointment reflects the developers' commitment to implementing best-in-class global leasing processes to elevate commercial and retail accommodation standards in the region.' This joint initiative between RAKEZ and Marjan represents a shared commitment to redefining commercial real estate in Ras Al Khaimah, delivering an environment that meets international standards and supports the emirate's long-term economic vision. To explore leasing opportunities at RAK Central HQ, please contact Ben Johnston, Director, Offices and Business Space Leasing from JLL at For more information, please contact: Cleo Eleazar, Public Relations & Events Manager, RAKEZ Email: About Ras Al Khaimah Economic Zone (RAKEZ): RAKEZ is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah in the United Arab Emirates. It currently hosts over 30,000 companies coming from over 100+ countries and operating in more than 50 industries. RAKEZ offers entrepreneurs, startups, SMEs and manufacturers a wide-range of solutions, including free zone and non-free zone licences, customisable facilities, and first-class services provided in a one-stop shop. Furthermore, RAKEZ has specialised zones that are tailored to specific needs of investors: Al Nakheel and Al Hamra Business Zones for commercial and service companies; Al Ghail, Al Hamra and Al Hulaila Industrial Zones for manufacturers and industrialists; and an Academic Zone for educational providers. A leading economic zone, RAKEZ aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah.
Zawya
23-04-2025
- Business
- Zawya
Dara Properties in deal with Marjan to buy prime RAK plot
Marjan, the master developer of freehold properties in Ras Al Khaimah, has announced a strategic deal by Dara Properties to acquire 50,000 sq ft land at its latest mixed-use destination, RAK Central, for the development of a 27-floor residential building. Scheduled for completion by Q4 2027, the key project is set to expand the residential offerings in RAK Central in line with RAK Vision 2030 to provide a dynamic 'live, work, play' destination for discerning investors and tourists, said a statement from Marjan. The residential development marks Dara Properties' debut in Ras Al Khaimah's burgeoning real estate sector. Strategically located within the dynamic RAK Central and designed to meet the growing demand for high-quality living spaces in the region, the development will offer a range of residential units within a well-integrated mixed-use environment, incorporating commercial and retail spaces to enhance convenience for residents. Featuring around 350 apartments including studios and one-, two- and three-bedroom apartments offering panoramic views of the emirate, the residential complex is designed as a self-sufficient community equipped with state-of-the-art amenities including a swimming pool, gym, padel courts, multipurpose room, and much more, said the statement. With Abdul Rahim Architectural Consultants onboard as lead consultant and IBAHouse Interior Architects in charge of interior design, the project is set to elevate RAK Central's appeal as a self-contained, multi-purpose development offering a holistic lifestyle, it stated. Aimed at global investors seeking robust ROI as well as those looking to set up base in the northern emirate, Dara Properties' debut project is primed towards a future where every detail is valued by providing a well-balanced ecosystem for smart living, it added. On the deal, CEO Abdulla Al Abdouli said: "RAK Central's unprecedented growth within a short pan of its launch as a progressive mixed-use destination offering global investors and local businesses a dynamic space to further elevate their interests is testimony to Ras Al Khaimah's vibrant appeal among investors and tourists." "We are happy to welcome Dara Properties to this world-class master-planned community that is set to serve as a hub for business, leisure and lifestyle. Their focus on detail and commitment to providing a wholesome community with smart living aligns with Marjan's core vision of curating a world-class destination built around the philosophy of live, work and play," stated Abdouli. "We look forward to creating a unique space that will redefine the emirate's global and regional appeal," he added. RAK Central masterplan offers 3 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. Dara Properties General Manager Andrey Luntovskiy said: "We are thrilled to mark our debut in RAK's booming real estate market with our first residential development in RAK Central. Conceptualised to meet the demand for high quality living spaces, we are confident our project will be a landmark within the well-integrated mixed-use environment enhancing the lifestyle of its residents through a well-connected modern community." "The emirate's transformation into a thriving business hub supported by a robust infrastructure and its global tourism appeal makes it the perfect destination to launch our signature project," he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
22-04-2025
- Business
- Trade Arabia
Dara Properties in deal with Marjan to buy prime RAK plot
Marjan, the master developer of freehold properties in Ras Al Khaimah, has announced a strategic deal by Dara Properties to acquire 50,000 sq ft land at its latest mixed-use destination, RAK Central, for the development of a 27-floor residential building. Scheduled for completion by Q4 2027, the key project is set to expand the residential offerings in RAK Central in line with RAK Vision 2030 to provide a dynamic 'live, work, play' destination for discerning investors and tourists, said a statement from Marjan. The residential development marks Dara Properties' debut in Ras Al Khaimah's burgeoning real estate sector. Strategically located within the dynamic RAK Central and designed to meet the growing demand for high-quality living spaces in the region, the development will offer a range of residential units within a well-integrated mixed-use environment, incorporating commercial and retail spaces to enhance convenience for residents. Featuring around 350 apartments including studios and one-, two- and three-bedroom apartments offering panoramic views of the emirate, the residential complex is designed as a self-sufficient community equipped with state-of-the-art amenities including a swimming pool, gym, padel courts, multipurpose room, and much more, said the statement. With Abdul Rahim Architectural Consultants onboard as lead consultant and IBAHouse Interior Architects in charge of interior design, the project is set to elevate RAK Central's appeal as a self-contained, multi-purpose development offering a holistic lifestyle, it stated. Aimed at global investors seeking robust ROI as well as those looking to set up base in the northern emirate, Dara Properties' debut project is primed towards a future where every detail is valued by providing a well-balanced ecosystem for smart living, it added. On the deal, CEO Abdulla Al Abdouli said: "RAK Central's unprecedented growth within a short pan of its launch as a progressive mixed-use destination offering global investors and local businesses a dynamic space to further elevate their interests is testimony to Ras Al Khaimah's vibrant appeal among investors and tourists." "We are happy to welcome Dara Properties to this world-class master-planned community that is set to serve as a hub for business, leisure and lifestyle. Their focus on detail and commitment to providing a wholesome community with smart living aligns with Marjan's core vision of curating a world-class destination built around the philosophy of live, work and play," stated Abdouli. "We look forward to creating a unique space that will redefine the emirate's global and regional appeal," he added. RAK Central masterplan offers 3 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. Dara Properties General Manager Andrey Luntovskiy said: "We are thrilled to mark our debut in RAK's booming real estate market with our first residential development in RAK Central. Conceptualised to meet the demand for high quality living spaces, we are confident our project will be a landmark within the well-integrated mixed-use environment enhancing the lifestyle of its residents through a well-connected modern community."
Arabian Business
22-04-2025
- Business
- Arabian Business
Ras Al Khaimah real estate: Marjan announces 27-storey tower in RAK Central
Ras Al Khaimah real estate developer Marjan has announced an agreement with Dara Developments for the acquisition of a plot of land within the RAK Central development to develop a 27-storey residential tower. The building is scheduled for completion by the fourth quarter of 2027 and will expand the residential offerings at RAK Central, in line with Ras Al Khaimah's Vision 2030 to position the emirate as a vibrant place to live, work, and enjoy for investors and tourists seeking excellence. Abdulla Al Abdouli, CEO of Marjan, said that RAK Central has achieved exceptional growth since its launch as a modern mixed-use destination, offering global investors and local businesses an innovative space for growth and prosperity, while also reaffirming Ras Al Khaimah's appeal as a dynamic investment and tourism destination. Marjan RAK Central in Ras Al Khaimah
Zawya
22-04-2025
- Business
- Zawya
Marjan signs agreement with Dara Developments to build residential tower at RAK Central
Marjan, the master developer of freehold projects in Ras Al Khaimah, has announced a strategic agreement with Dara Developments for the acquisition of a plot of land within the RAK Central development — Marjan's latest mixed-use destination in the emirate — to develop a 27-storey residential tower. The building is scheduled for completion by the fourth quarter of 2027 and will expand the residential offerings at RAK Central, in line with Ras Al Khaimah's Vision 2030 to position the emirate as a vibrant place to live, work, and enjoy for investors and tourists seeking excellence. Engineer Abdulla Al Abdouli, Chief Executive Officer of Marjan, said that RAK Central has achieved exceptional growth since its launch as a modern mixed-use destination, offering global investors and local businesses an innovative space for growth and prosperity, while also reaffirming Ras Al Khaimah's appeal as a dynamic investment and tourism destination. Work is currently underway on the project's main headquarters, which will serve as the central business hub, and is expected to be completed in the first quarter of 2027.
