Ras Al Khaimah, UAE – In a strategic move set to redefine the real estate and hospitality landscape of the Northern Emirates, Marjan, the master developer of freehold properties in Ras Al Khaimah, and RAK Hospitality Holding, the government-owned investment and development arm of the Emirate, have announced a landmark merger to form a single entity operating under the Marjan brand.
The merger unites Marjan’s large-scale land development expertise with RAK Hospitality’s operational excellence in the tourism and hospitality sectors. The unified organization will oversee integrated real estate development, hospitality operations, and lifestyle experiences, positioning Marjan among the largest real estate developers in the UAE and the leading master developer in Ras Al Khaimah.
A Strategic Step Toward RAK Vision 2030
The merger aligns with RAK Vision 2030, the Emirate’s long-term development strategy aimed at strengthening livability, economic resilience, and tourism appeal.
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Announcing the merger, His Highness Sheikh Ahmed bin Saud bin Saqr Al Qasimi, Chairman of Marjan, said: “RAK Vision 2030 has set the Emirate’s ambition to be a pioneer in the region for livability and a place where opportunities thrive. Anchored in this vision, the merger will create high-value jobs for Emiratis, develop national capabilities, and reinforce our position as a beacon of opportunity and innovation. Together, we are positioned to build thriving communities that bring the Emirate’s bold vision for sustainable prosperity to life.”
By consolidating their portfolios, Marjan and RAK Hospitality will enhance the Emirate’s ability to attract global investments and deliver large-scale projects that advance Ras Al Khaimah’s transformation into a global lifestyle and investment hub.
Expanding Ras Al Khaimah’s Development Horizon
The merger strengthens Marjan’s ability to deliver landmark developments including Al Marjan Island, RAK Central, Marjan Beach, and the Jebel Jais masterplan—projects designed to elevate livability, expand leisure and tourism offerings, and stimulate long-term investment.
These projects play a central role in achieving RAK Vision 2030’s targets of 3.5 million annual visitors and nearly 20,000 hotel keys, transforming Ras Al Khaimah into a leading international destination for tourism, real estate, and sustainable growth.
Abdulla Al Abdouli, Group CEO of Marjan, said: “Marjan will position Ras Al Khaimah as the global lifestyle and investment hub of the future.”
Strengthening the Northern Emirates’ Investment Ecosystem
The unified entity will integrate real estate, hospitality, and tourism into a single ecosystem, providing investors with access to a fully diversified portfolio of assets across residential, commercial, and hospitality sectors.
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This consolidation is expected to enhance operational efficiency, accelerate project delivery, and attract world-class partners seeking to participate in Ras Al Khaimah’s fast-developing economy.
The merger also supports Ras Al Khaimah’s efforts to diversify its non-oil economy and increase foreign direct investment (FDI), in line with national objectives for sustainable urban and economic growth.
The Northern Emirates’ Next Growth Chapter
As one of the UAE’s most ambitious emerging markets, Ras Al Khaimah has gained attention for its robust tourism sector, growing hospitality pipeline, and investor-friendly regulatory environment.
The merger is expected to create a strong, future-ready platform for developing integrated destinations that balance economic growth with environmental sustainability.
By merging the expertise of both entities, Marjan aims to drive the Emirate’s transition into a next-generation hub for real estate innovation, tourism infrastructure, and experiential living—anchored by world-class standards in planning, design, and sustainability.
What’s There for Indian Investors
For Indian investors, the merger presents new opportunities in the Northern Emirates, particularly in Ras Al Khaimah’s growing real estate and hospitality markets. With large-scale projects such as Al Marjan Island and the upcoming integrated tourism zones, the Emirate offers strong rental yields and capital appreciation potential, at relatively lower entry costs compared to Dubai.
The Emirate’s proximity to Dubai, expanding tourism infrastructure, and inclusion of freehold zones make it an increasingly attractive option for long-term investors and developers from India looking to diversify their UAE real estate portfolios.
Ras Al Khaimah’s development momentum—now reinforced by the Marjan–RAK Hospitality merger—positions it as the next major growth destination in the UAE’s real estate ecosystem.
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