Ras Al Khaimah Unveils ‘RAK Central’ – Northern Emirates’ Largest Business District

Ras Al Khaimah launches ‘RAK Central’ as the “largest business district in the northern Emirates”

Ras Al Khaimah (RAK) is set to redefine its commercial landscape with the launch of ‘RAK Central,’ touted as the largest business district in the northern Emirates. This expansive mixed-use development, spearheaded by Marjan, promises to elevate Ras Al Khaimah’s status as a thriving business hub with Grade A offices and stunning vistas of the Arabian Gulf and Al Hamra Golf Club.

Read more : ValuStrat Report: Abu Dhabi Office Sales Prices Surge 38.7% YoY in Q4 2023

Scheduled to open its doors in 2026, RAK Central will be strategically located on Sheikh Mohammed bin Salem Al Qasimi Street, offering convenient access to key amenities and attractions. The commercial spaces are meticulously designed to cater to the needs of anchor tenants, featuring open floor plans that allow for flexible design options to accommodate diverse business requirements.

“RAK Central is poised to become Ras Al Khaimah’s premier business destination, attracting leading enterprises and organizations from across the region to establish their headquarters here,” stated a representative.

Read more : Dubai Market Bucks Remote Work Trends with Surge in Office Space Expansion

Driven by notable projects such as Wynn Resorts and investments from Aldar and other developers, Ras Al Khaimah has emerged as one of the fastest-growing real estate markets in the Gulf region. Recent initiatives, including the introduction of the RAK Digital Assets Authority and a dedicated hub for companies operating in the virtual assets space, further underscore the emirate’s commitment to fostering innovation and economic growth.

Abdulla Al Abdouli, CEO of Marjan, emphasized RAK Central’s role in driving economic prosperity and enhancing Ras Al Khaimah’s business ecosystem. “This aligns with the vision of our leadership to strengthen the business landscape of the emirate and position it as a preferred destination for residence, business, and leisure,” he remarked.

Read more : DIFC Reports Record Growth in 2023: A Closer Look at the Financial Hub’s Success

RAK Central will offer a comprehensive range of amenities, including 4,000 residential units, 3 million square feet of leased office space, parks, three hotels boasting over 1,000 keys, and a plethora of shopping and entertainment venues. The phased development approach ensures timely delivery, with the first phase of infrastructure and the main business complex slated for completion by the fourth quarter of 2026.

During the initial phase, one million square feet of commercial office space will be available for lease, with additional opportunities for development. Developers will have access to 34 exclusive residential plots, enabling the construction of residential towers reaching up to 45 stories tall.

Read more : Sharjah Real Estate Thrives: February Transactions Surpass $844 Million

“Following the success of Al Marjan Island, we are committed to delivering diverse projects that will serve as the ‘downtowns’ of the future, in addition to creating new lifestyle destinations on the mountains,” Al Abdouli concluded.

RAK Central represents a transformative milestone in Ras Al Khaimah’s journey towards sustainable economic development and underscores the emirate’s vision to become a global business and leisure destination.

Join The Discussion

Compare listings

Compare

Sign-Up Now