If Ras Al Khaimah were a board game, it just became the UAE’s prime piece of real estate—and Major Developers just rolled the dice again. Big. Bold. And apparently with a master plan the size of your entire camera roll.
Fresh off the buzz from their flagship project Manta Bay (yes, that dreamy coastal development that made you rethink your life choices), Major Developers is back in the RAK spotlight—this time with plans to make waves at RAK Central, the emirate’s mega commercial development. Think of it as the urban version of “go big or go home”—except no one’s going home, because everyone’s moving in.
265,000 sq ft of “Watch This Space”
In a deal that has everyone from investors to architecture buffs leaning in, Major has snagged a prime plot of land in RAK Central and is set to develop a shiny new mixed-use marvel. Offices? Check. Living spaces? Yep. Retail therapy zones? You know it. The whole shebang, neatly packed into 265,000 square feet of built-up brilliance, all set to be completed by Q4 of 2028.
So basically, just enough time for your houseplants to reach full maturity—and for you to start planning your future office view.
Why RAK Central is the Cool Kid on the Investment Block
Picture a sleek, smart, and sun-soaked business district where you can work, live, play, and maybe even adopt a dog (because why not?). That’s RAK Central for you. It’s not just a bunch of buildings—it’s a vision.
Marjan, the master developer behind this mega-district, is putting Ras Al Khaimah on the global investment map with rare-to-find perks like 100% foreign ownership, low taxation, and a yield potential that could make even the savviest investors raise an eyebrow (in a good way).
And it’s not all spreadsheets and skyline views—there’s green space, entertainment zones, multiple hotels, thousands of apartments, and even over 1,000 visitor parking spots. That’s right. Parking. RAK isn’t just planning for growth—it’s planning for your guests too.
A Love Letter to RAK’s Future
At the official signing ceremony (held at the Mövenpick Resort Al Marjan Island, naturally), everyone was all smiles and soundbites.
Marjan’s CEO Abdulla Al Abdouli said RAK Central is “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’ 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,”
The Big Picture: Why This Matters
This deal isn’t just another headline in the business section—it’s a signal. Ras Al Khaimah is stepping up, staking its claim as a hub for innovation, investment, and architectural ambition. And Major Developers is making sure they’re front row for the transformation.
With work already underway on RAK Central’s HQ (set to open in early 2027), the stage is officially being set. By the time this new mixed-use marvel opens in 2028, don’t be surprised if RAK is the UAE’s hottest zip code.
So, if you’re thinking of where the next big thing is brewing, look north. Major’s in. RAK’s rising. And the future? Let’s just say it’s got skyline views.
