RAK Central: Ras Al Khaimah’s Sold-Out Mega Business District Takes Shape

RAK Central, a mixed-use business and residential district developed by Marjan in Ras Al Khaimah, has sold out its plots just 15 months after launch — a sign of how quickly investor appetite for the emirate has grown.

Positioned near Sheikh Mohammed bin Salem Al Qasimi Street with direct access to the E11 highway, Al Marjan Island, RAKEZ Free Zone and Al Hamra Golf Club, the 3.1 million square metre district is designed to accommodate more than 6,000 professionals across five Grade A office buildings, over 4,000 residential units and more than 1,000 hotel keys.

Marjan CEO Abdulla Al Abdouli said early investors could see returns of 15–20% over the coming years as the district matures. The first phase — the RAK Central HQ office complex — is expected to open within 24 months, with the wider district growing alongside major nearby projects such as the $3.9 billion Wynn Al Marjan Island resort, targeted to open in 2027.

RAK Central is one of several signals that Ras Al Khaimah is maturing from a quieter neighbour of Dubai into an investment destination in its own right, with its own business infrastructure, hospitality supply and now, integrated residential communities.

Source of information: Khaleej Times