Marjan CEO Unveils New Mega Master Plan to Transform Ras Al Khaimah by 2025
Ras Al Khaimah (RAK) is fast becoming one of the UAE’s most exciting investment frontiers. Marjan, the emirate’s master developer, has announced ambitious plans to launch a new mega master development before the end of 2025, signaling a new era of growth for the northern emirate.
Meeting Surging Residential Demand
According to Marjan CEO Abdulla Rashed Al Abdouli, RAK will require at least 45,000 new residential units over the next 5–7 years to keep pace with demand. The emirate’s population, currently around 400,000, is projected to grow to 650,000 by 2030, driving extraordinary demand for homes, communities, and lifestyle developments.
Between 2026 and 2029 alone, more than 14,000 residential units are already planned, many of them branded residences that cater to international investors seeking prestige and long-term value.
Tourism Fuels Real Estate Growth
RAK’s aggressive tourism strategy is another driver behind this rapid expansion. The Ras Al Khaimah Tourism Development Authority aims to attract 3.5 million visitors annually by 2030, supported by more than 8,000 existing hotel keys and an additional 8,000 keys in the pipeline.
Even a modest tourist-to-resident conversion rate could result in thousands of new buyers. As Al Abdouli explained, if only 5% of visitors decide to call RAK home, the demand for housing will skyrocket further, creating lucrative opportunities for investors.
RAK Central – A Game-Changer for Business
Beyond residential and tourism, Marjan is positioning RAK Central as a new business hub. Already sold out, this landmark development will bring Grade A office space to the northern emirates for the first time, accommodating more than 6,000 professionals.
This influx of business talent will have a ripple effect across key sectors including retail, healthcare, education, and hospitality, ensuring long-term stability and growth for the local economy.
RAK: Building Its Own Identity
Al Abdouli emphasized that RAK is not competing with Dubai or Abu Dhabi but instead creating its own independent real estate market. The combination of affordability, lifestyle appeal, and rapid development is positioning the emirate as a unique proposition for both residents and global investors.
Why This Matters for Investors
- High Demand, Low Supply: With a 45,000-unit requirement in the next few years, demand is set to outpace supply.
- Tourism to Residency Pipeline: 3.5 million tourists annually means a steady stream of potential buyers.
- Branded Residences Boom: Luxury and branded homes are becoming a key segment in RAK.
- Business Expansion: RAK Central will anchor thousands of professionals, further driving housing and lifestyle demand.
Ras Al Khaimah is no longer just a leisure destination—it’s an investment hotspot. With Marjan’s mega master plan on the horizon, this is the moment for forward-looking investors to secure their stake in the emirate’s future.