Developer Marjan has entered into a significant agreement with OMNIYAT to develop a prime plot on Marjan Beach in Ras Al Khaimah.
OMNIYAT’s first investment in the Ras Al Khaimah market signifies a pivotal step in reinforcing the emirate’s position as a residential and lifestyle destination aligned with RAK Vision 2030. The newly acquired 36,600sqm plot on Marjan Beach opposite Wynn Al Marjan Island, offers panoramic views of natural landscapes. The project is expected to be completed by 2030, said a statement from OMNIYAT.
Abdulla Al Abdouli, Group CEO, Marjan said, “Marjan’s commitment to drive RAK’s transformation into a global lifestyle and investment hub has led to strategic partnerships that align with our national ambitions. Following the landmark success of Marjan Island and RAK Central, we launched Marjan Beach to establish new benchmarks for waterfront living in the region. We are happy to welcome OMNIYAT with its proven track record of ultra-luxury real estate developments to enhance Marjan Beach’s appeal among global and local investors and visitors.”
Mahdi Amjad, Founder and Executive Chairman at OMNIYAT added, “In recent years, we have witnessed an extraordinary evolution unfolding in Ras Al Khaimah. One that, combined with the paradigm shift in how ultra-luxury is defined, is ushering in a new era of real estate development and attracting global capital and talent.”
“Through this agreement with Marjan, we will leverage OMNIYAT’s two decades of expertise in creating ultra-luxury waterfront destinations, alongside the emirate’s exceptional infrastructure, authenticity and natural beauty, to develop destinations that elevate the human living experience and enrich communities. Together, we will drive the shift from ownership to experience, and from exclusivity to meaningful, authentic, and purposeful living,” he added.
Marjan Beach is serving as a catalyst for high-value investment and tourism growth, aligning with RAK Vision 2030’s targets of attracting 3.5m annual visitors. Designed around eight distinct neighborhoods, the beach boasts 22,000 residential units and 12,000 luxury hotel rooms, capable of accommodating a population of 74,000 residents and a workforce of 32,000, the statement concluded.
