Marjan, the master developer of freehold properties in Ras Al Khaimah and RAK Hospitality Holding (RAKHH), the government-owned investment and development arm in the Emirate, have announced a landmark strategic merger to create a unified entity operating under Marjan.
This strategic merger combines world-class hospitality expertise with visionary land development strategies to form a dynamic, future-ready organisation. Marjan will now fully integrate real estate development, hospitality operations and lifestyle experiences under one umbrella. Guided by RAK Vision 2030, Marjan, one of the largest real estate developers in the UAE and the leading master developer in the Northern Emirates, will champion Ras Al Khaimah’s growth as the next global lifestyle and investment hub. It will drive substantial investments, boost tourism and deliver long-term stakeholder value as the region’s premier integrated destination and real estate platform.
Announcing the merger, His Highness Sheikh Ahmed bin Saud bin Saqr Al Qasimi, Chairman of Marjan, said: “Ras Al Khaimah is committed to its vision to drive progress and sustainable development, celebrating its rich history, preserving its heritage and honouring its identity. RAK Vision 2030 has set the Emirate’s ambition to be a pioneer in the region for liveability and a place where opportunities thrive. Anchored in Ras Al Khaimah’s vision for sustainable prosperity, the merger will create high-value jobs for Emiratis, develop national capabilities and reinforce our position as a beacon of opportunity and innovation. This merger builds upon solid foundations for a new chapter of advancement and success, enabling us to deliver iconic destinations that are deeply rooted in Ras Al Khaimah’s unique identity. Together, we are positioned to build thriving communities that bring the Emirate’s bold vision for sustainable prosperity to life.”
Following the successful launch of Marjan Beach, the UAE’s most comprehensive mixed-use beach town destination, the Emirate is now advancing infrastructure works on the 85-million-square-foot masterplan. Designed around eight distinct neighbourhoods, Marjan Beach will feature 22,000 residential units and 12,000 luxury hotel keys, a population of 74,000 residents, a workforce of 32,000 and welcoming up to 180,000 visitors annually. Stretching across three kilometres of pristine beachfront and with 6.5 million square feet of open green spaces aligning infrastructure enhancement with creation over community public realm, Marjan Beach will offer an authentic coastal lifestyle that promotes connectivity and walkability, distinguishing Ras Al Khaimah as a sustainable investment hub and premier tourism gateway.
