|
Listen to this article
 |
Dubai-based Pantheon Development has set a benchmark in the real estate landscape of Ras Al Khaimah with its ambitious projects at RAK Central. The recent unveiling of the flagship One Central, a $272-million mixed-use marvel, underscores the company’s vision to redefine urban living in the region. As part of its robust expansion plans, Pantheon is preparing to launch two additional projects valued at $272 million each and a branded luxury hotel, further solidifying its footprint in one of the UAE’s fastest-growing emirates.
One Central: A Landmark Development in RAK Central
Situated in the heart of RAK Central, One Central spans an impressive 450,000 square feet, seamlessly integrating residential, commercial, and hospitality spaces. With 312 luxury residential apartments, a Grade A office building, and exclusive hotel apartments, the development caters to a diverse demographic.
- Residential Offerings: One Central features a variety of configurations, including studio, one-bedroom, and two-bedroom apartments. Select units offer unique amenities such as private pools, setting a new standard for luxury living.
- World-Class Amenities: Residents can indulge in an infinity rooftop pool, a state-of-the-art cinema, a sky lounge, jogging tracks, and even a dedicated dog park. These thoughtful inclusions are designed to enhance the lifestyle of its occupants.
- Prime Location: Strategically positioned near Marjan Island, home to the world’s largest Wynn Casino, the project enjoys unmatched connectivity and appeal.
Notably, the development achieved a sellout on its opening day, underscoring the high demand for premium real estate in Ras Al Khaimah.
Upcoming Projects: A Vision for Excellence
Building on the success of One Central, Pantheon Development is set to introduce two additional projects in the next three to four months. These initiatives, forming the second phase of development at RAK Central, will feature:
- Mixed-Use Towers: Each project is anticipated to mirror the scale and quality of One Central, providing a harmonious blend of residential, commercial, and leisure spaces.
- Branded Hotel: A globally recognized hotel brand is being considered for this venture, ensuring world-class hospitality standards. While negotiations are ongoing, the hotel promises to elevate the region’s appeal to international visitors and investors.
The first phase of these developments is scheduled for completion in Q4 2027, with more announcements expected as plans progress.
Rising Demand in Ras Al Khaimah’s Residential Market
With Ras Al Khaimah experiencing a surge in population and tourist footfall, the demand for residential properties is on an upward trajectory. According to Pantheon Development’s founder, Kalpesh Kinariwala, the emirate is poised to require an additional 45,000 housing units over the next three years.
Pantheon’s Role in Meeting Housing Demand
Pantheon is committed to addressing this demand with innovative residential projects that prioritize quality and amenities. The company’s developments focus on delivering “larger-than-life” living experiences, eliminating the need for branded residences.
Sustainability and Innovation at the Core
Pantheon Development integrates sustainability and innovation into its projects, aligning with global trends and the UAE’s vision for sustainable growth. Energy-efficient designs, smart home technologies, and green spaces are integral to the company’s developments, ensuring long-term value for stakeholders.
Conclusion
Pantheon Development is revolutionizing the real estate landscape of Ras Al Khaimah with its visionary projects at RAK Central. From the highly successful One Central to the upcoming mixed-use towers and branded hotel, the company is setting new benchmarks in luxury, sustainability, and innovation. With Ras Al Khaimah poised for exponential growth, Pantheon’s strategic initiatives are perfectly timed to capitalize on the emirate’s rising prominence.
