Latest news with #RAKVision2030
Mid East Info
10-07-2025
- Business
- Mid East Info
Major Developers Expands into RAK Central with Strategic Land Acquisition - Middle East Business News and Information
Move comes as RAK Central rapidly emerges as Ras Al Khaimah's leading hub for business and investment Ras Al Khaimah, UAE,July 2025: 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.
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.
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.
ME Construction
03-07-2025
- Business
- ME Construction
Why is everyone so excited about Ras Al-Khaimah's property market?
Experts Why is everyone so excited about Ras Al-Khaimah's property market? By Thanks to its winning combination of government initiatives, natural and cultural heritage, and attractive investment opportunities, RAK's real estate sector is moving from strength to strength writes Ali Sajwani, Managing Director at DAMAC Properties Dubai is rightfully lauded as the polestar of real estate success in the United Arab Emirates (UAE), with 2025 promising yet more growth. Fortunately for the UAE, the same factors that have contributed to Dubai's record-breaking streak – strong investment incentives, economic stability, a strategically important location and world-class infrastructure – are also fuelling the meteoric rise of Ras Al-Khaimah's property market. Our nation's northernmost emirate has witnessed impressive growth of late, registering more than US $4.8bn in real estate transactions in 2024. In fact, last year saw Ras Al-Khaimah's villa sales prices grow by as much as 35.6%, villa rental prices increase by up to 28%, and apartment rental prices rise by up to 42.7%, according to data published by Bayut. As many of you know, DAMAC Properties is investing heavily in Ras Al-Khaimah through Shoreline by DAMAC, a collection of branded beachfront residences ideally situated on Al Marjan Island. As expected, this project has already generated immense interest – a trend that I believe is being amplified by the emirate's rapidly increasing popularity. So, why does everyone seem to be getting excited by Ras Al-Khaimah's property market? Here are my thoughts: An ambitious tourism vision Like its neighbours, Ras Al-Khaimah is home to forward-thinking leaders who are committed to driving our nation towards economic prosperity through strategic policies and initiatives. With the aim of promoting growth across three key pillars – economy, society and environment – RAK Vision 2030 astutely recognises tourism as the cornerstone of sustainable economic development. Last year, the emirate welcomed a record-breaking 1.28mn overnight arrivals, representing an extremely healthy 12% increase in tourism revenue. If this pace is maintained, the Ras Al-Khaimah Tourism Development Authority (RAKTDA) should be right on track to meet its Tourism Vision 2030 goals: to attract more than three million tourists annually, raise tourism's contribution to one-third of GDP and create more than 20,000 jobs by 2030. As it stands, the hospitality sector contributes 4% of the emirate's GDP, while real estate accounts for 7% – proportions that are only likely to expand due to a growing project pipeline. The number of hotel rooms in Ras Al-Khaimah, for example, is set to double to 14,000 by 2027, and in a unique move for our region's hospitality industry, seven leading global hotel companies recently pledged to support the government's vision for tourism development. In addition to creating opportunities for hotels and short-term lets, an increase in tourism, coupled with the business and employment opportunities it brings, will drive demand for long-term rentals and off-plan sales, including branded residences. Natural and cultural treasures The natural beauty and 7,000-year history of Ras Al-Khaimah are undoubtedly key selling points for its burgeoning tourism industry, and they also represent a drawcard for homebuyers looking to enjoy a relaxed and enriching lifestyle. Meanwhile, those searching for adventure will find it right on their doorstep. The emirate is home to the trekking trails of the Hajar Mountains, lush mangrove ecosystems that offer world-class paddleboarding and kayaking, and Jais Flight, the world's longest zipline at 2.38km. Nature lovers will enjoy residing among greater flamingos and the countless other endemic species that populate the coastline, mountains and forests, while cultural history enthusiasts will appreciate the emirate's pearl fishing heritage and archaeological gems like Dhayah Fort and Al Jazeera Al Hamra. Besides these attractions, Ras Al-Khaimah is within easy reach of Dubai. The pristine waterfront, breathtaking views and sophisticated leisure developments of Al Marjan Island are only 45-minutes from Dubai, making it ideal as a base for commuters or anyone looking to purchase a holiday home. Impressive investment opportunities From a property investor's point of view, Ras Al-Khaimah's appeal lies in its tax incentives, relatively untapped potential and the prospect of high returns. For example, average rental yields in the emirate currently stand at 6-8%, compared to a UAE average of 4.87%. Property prices have also been increasing over the past year, delivering impressive internal rates of return. Even so, the emirate still offers tremendous value for money for property buyers. And when one considers the diversity of Ras Al-Khaimah's real estate landscape, combined with ongoing infrastructure projects and its thriving leisure and entertainment scene, it's easy to see why interest is growing so quickly. Shoreline by DAMAC, which features units crafted in collaboration with Babolex, and other luxury offerings are providing yet more opportunities for buyers keen to secure a foothold in the emirate. Thanks to its winning combination of strategic government initiatives, unique natural and cultural heritage, and attractive investment opportunities, Ras Al-Khaimah's real estate sector is moving from strength to strength. I and many other UAE property professionals have been aware of the emirate's untapped potential for many years, so I'm not surprised the rest of the world is starting to take notice.
