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Ras Al Khaimah Unveils New High-Rise Financial Centre

The most northern emirate of the UAE is aiming higher than ever before with RAK Central’s announcement of the new mixed-use development, which will be the largest commercial business district in Ras Al Khaimah.

A project masterminded by Marjan, RAK Central, will form along Sheikh Mohammed bin Salem Al Qasimi Street. The development comprises three million square feet of leasable office space divided among interconnected buildings. It will offer spectacular views of the Arabian Gulf and the world-class Al Hamra Golf Club course.

Addressing the factual aspects, RAY Central also targets being a community living by itself. Over 4,000 modern apartments will suit young professionals and families, whereas three hotels will be provided for business people and tourists. Parks, open green spaces, restaurants, and entertainment will encourage people to socialize.

The phased progress allows RAK Central businesses to buy in early. In the first phase, one million square feet of office space will be constructed; the rest will be for investors to build. With the 60% for private sector housing, 34 other plots for freehold residential towers as tall as 200 meters will also be available for bidding.

Marjan CEO Abdulla Al Abdouli dubbed RAK Central a “new age of economic growth” for the emirate. This is indeed a bold vision that, if implemented, will cement Ras Al Khaimah’s position as a land of opportunity and an emerging leader in the UAE.

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