Wynn Resorts has announced that 55% of its integrated gaming resort on Al Marjan Island in Ras Al Khaimah is now completed. The concrete structure of the main resort tower has reached the 26th floor, with walls currently extending to the 29th floor. The construction team is making significant progress, completing one floor per week, with plans to top off the building in December 2025. Notably, in the past...
RAK CENTRAL to gradually attract relocation of key organizations in the Emirates first Grade- A business district. Marjan, the premier developer of freehold properties in Ras Al Khaimah, has entered into a partnership with the Ras Al Khaimah Economic Zone (Rakez) to bring to life the RAK Central HQ Office Complex within the upcoming mixed-use development known as RAK Central. This new office complex,...
The announcement of the $3.8 billion Wynn Casino, a mega-resort that is set to open in 2027 has significantly impacted Ras Al Khaimah (RAK) by attracting affluent global tourists and boosting the local economy. This ambitious project, revealed in 2022 has already stimulated housing demand particularly in Al Hamra Village a burgeoning community appealing to expatriates seeking lifestyle and...
5600 units from 16 branded residential projects have been announced to be added by 2029 in RAK . The latest edition of Stirling Hospitality Advisors' RAK Investment Pulse report highlights the burgeoning branded residences sector in Ras Al Khaimah (RAK), underscoring its impact on the region's real estate landscape. With a focus on luxury living, the report explores current trends, potential benefits...
RAK strengthens its sustainable development and shared growth opportunities strategies. In a significant move to strengthen economic ties, Ras Al Khaimah has signed a growth partnership agreement with the UK Government, focused on enhancing collaboration in trade, industry, and various other sectors such as education and culture. The agreement was recently established in a ceremony attended by...
Developers in the UAE and foreign investors are increasingly focusing on Ras Al Khaimah (RAK) and its central areas in response to the soaring demand for real estate in the northern emirate. This surge in interest can be traced back to the announcement of the first major free zone in the Middle East in January 2022, which significantly boosted investor confidence and triggered a wave of new project...
The Luxe Developers, a prominent UAE-based real estate development firm, has achieved a significant milestone with the sale of two of the most luxurious residences on Al Marjan Island: The Celest and The Stellar. These high-end properties, which are part of the Oceano development in Ras Al Khaimah, have been sold for a combined total price of AED180 million. This notable transaction reflects the growing...
Future of Ras Al Khaimah Event – Inspired by The Land was held on 1st Nov 2024 in RAK, UAE. The attendees here experienced a transformative journey of RAK as it unveiled its exciting vision for the future. This industry event brought together stakeholders, leaders and innovators for a morning of insights and networking. While the event ran through an inside look of the ambitious developments shaping...
Ras Al Khaimah, UAE — Marjan, the master developer of freehold land in Ras Al Khaimah, has announced a significant partnership with Pantheon Development through its subsidiary, RAK Central. This significant announcement was made by Arch. Abdulla Al Abdouli, Chief Executive Officer of Marjan during the exclusive event- “Future of Ras Al Khaimah” held on 1st Nov 2024 in Ras Al Khaimah. This...
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