Marjan and RAK Hospitality Merge to Form UAE's Largest Real Estate Entity Driving Ras Al Khaimah's 2030 Growth

Ras Al Khaimah is undergoing significant expansion in its hospitality and real estate sectors, aiming to quadruple its hotel capacity to 25,000 keys by 2032, supported by a diverse range of international luxury and boutique hotel brands. This growth is driven by a surge in investor interest, bolstered by the Wynn Al Marjan Island resort, which has brought international attention and new investor categories to the emirate. In a major development, Marjan, the master developer of freehold properties, merged with RAK Hospitality Holding to form one of the UAE's largest real estate entities operating under the Marjan name, aligning with the emirate's Vision 2030 goals. The merger consolidates real estate development, hospitality, and lifestyle experiences under a single platform to accelerate tourism, attract 3.5 million visitors annually, and create over 50,000 jobs in the coming years. Key projects under this unified entity include Al Marjan Island, RAK Central, Marjan Beach, and a new Jebel Jais masterplan, integrating mixed-use developments with lifestyle, healthcare, education, and sustainability-focused amenities. Leadership emphasizes that this strategic move will foster sustainable development, Emiratisation, and Ras Al Khaimah's positioning as a global lifestyle, tourism, and investment hub.