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In the heart of the United Arab Emirates, Ras Al Khaimah is undergoing a transformation that promises to reshape its skyline and economy. Marjan, a prominent regional property developer, has unveiled RAK Central, a sprawling commercial and residential district set to redefine the landscape. This ambitious project is poised to become the largest commercial business district in the Northern Emirates, offering a blend of office spaces, residential towers, hotels, and recreational amenities.
Let’s delve into the details of RAK Central and explore how it will shape the future of Ras Al Khaimah.
Prime Location: A Hub of Opportunities
Situated on the prestigious Sheikh Mohammed bin Salem Al Qasimi Street, RAK Central enjoys a prime location strategically positioned to attract businesses and residents. This vibrant district is set to become a hub of opportunities, offering many amenities and services.
Breathtaking Views of Al Hamra: One of the standout features of RAK Central is its breathtaking views. Overlooking the picturesque Al Hamra Golf Club and the Arabian Gulf, residents and businesses in this district will enjoy unparalleled vistas that add to the allure of this location.
Parks and Green Spaces: RAK Central is not just about commerce; it’s about creating a sustainable and enjoyable environment. With extensive parks and green spaces integrated into its design, this district will provide residents and visitors with the perfect backdrop for relaxation and recreation.
Retail and Entertainment: In keeping with modern urban planning principles, RAK Central will offer diverse retail and entertainment options. From shopping malls to theatres and dining establishments, there will be no shortage of things to do in this dynamic district.
Implementation in Phases: Building the Future
Marjan has devised a phased approach to construction to bring the vision of RAK Central to life. Each phase will contribute to the realization of this impressive project.
Phase 1: Commercial Office Space: The first phase of RAK Central will focus on constructing one million square feet of commercial office space available for rent. This phase will lay the foundation for the bustling business hub that RAK Central aspires to be.
Residential Towers: In addition to the commercial office space, RAK Central will provide 34 residential tower plots for purchase and development by investors. These towers are expected to reach towering heights of up to 45 floors, offering a premium living experience.
Strategic Partnerships: Marjan is actively seeking strategic partnerships to facilitate the development of RAK Central. By attracting multinational corporations across various sectors, including hospitality, leisure, retail, finance, logistics, and construction, this district aims to create a vibrant ecosystem.
Construction Timeline: Construction is set to commence in 2024, with the first phase of infrastructure and the primary business complex projected to be completed by the fourth quarter of 2026. This timeline underscores Marjan’s commitment to delivering on its vision for Ras Al Khaimah.
Record-breaking Tourism: A Thriving Destination
Ras Al Khaimah has experienced a surge in tourism, making it an attractive destination for businesses and travelers. These tourism numbers underscore the potential of RAK Central.
Tourism Soars in Ras Al Khaimah: In 2023, Ras Al Khaimah welcomed an astounding 1.22 million tourists, marking an 8 percent increase from the previous year. This tourism surge demonstrates the emirate’s growing popularity as a travel destination.
Growing International Visitors: The Ras Al Khaimah, Tourism Development Authority, reported a remarkable 24 per cent annual growth in international visitors. This influx of international travelers further positions Ras Al Khaimah as a global destination.
Sustainability and Innovation: RAK Central’s Promise
RAK Central is not just about size and grandeur; it’s also committed to sustainability and innovation. Marjan aims to create a smart, state-of-the-art ecosystem where communities and businesses can thrive.
LEED Gold Certification: RAK Central will adhere to sustainability principles under the LEED Gold Certification. This commitment to green building practices underscores its dedication to a sustainable future.
Harnessing Technology: To create a cutting-edge environment, RAK Central will harness advanced technology solutions, including Artificial Intelligence (AI). This technology integration will enhance efficiency and improve the overall quality of life in the district.
Investment Opportunities: A Boon for Investors
RAK Central presents a wealth of investment opportunities for both individuals and corporations. Marjan has designed this project with investors in mind, offering freehold residential plots for purchase and development.
Scenic Views and Serene Lifestyle: Investors can look forward to meticulously laid out land plots that ensure scenic views from all units. The pedestrian-friendly, green public realm, wide-open spaces, and parks create an environment conducive to a serene lifestyle.
Visionary Leadership: Shaping the Future
At the helm of RAK Central’s development is CEO Abdulla Al Abdouli, an architect himself. His vision for RAK Central is not just about economic growth; it’s about creating a lasting legacy for Ras Al Khaimah.
A Hub for Businesses: Abdulla Al Abdouli envisions RAK Central as a hub for businesses, both local and international. It will serve as a platform for economic growth and prosperity in the emirate.
Building Ambitious Projects: Under his leadership, Marjan has embarked on diverse projects, including Al Marjan Island and now RAK Central. These projects are a testament to Marjan’s commitment to building master-planned communities that define the future.
RAK Central is poised to become Ras Al Khaimah’s crown jewel, a district that combines business acumen with sustainable living and innovation. With a prime location, strategic planning, and visionary leadership, it’s set to usher in a new era of economic growth and prosperity. As construction begins and the skyline of Ras Al Khaimah transforms, RAK Central stands as a testament to the boundless possibilities of this vibrant emirate.