Marjan has announced that Wasl Group, a leading UAE real estate and hospitality developer, has acquired a prime beachfront plot in Marjan Beach, Ras Al Khaimah’s newest mixed-use destination. This marks Wasl Group’s entry into the emirate, aligning with RAK Vision 2030 and boosting investment, tourism, and coastal living.
Project Highlights
The flagship development will feature a five-star hotel and branded residences, blending architectural excellence with premium lifestyle experiences. Residents and guests will enjoy panoramic Arabian Gulf views and direct access to leisure, wellness, and cultural attractions.
Marjan Beach, designed around eight neighbourhoods, will include 22,000 residential units and 12,000 hotel keys, supporting 74,000 residents and 32,000 workers. This acquisition strengthens Wasl Group’s portfolio and Marjan’s role as RAK’s top developer.
Location and Investment Potential
Ras Al Khaimah’s investor-friendly policies and global appeal drive its growth. The deal reflects confidence in the emirate’s future, with Marjan Beach enhancing tourism and sustainable communities.
Construction starts in 2026, with phased openings from 2029. It complements RAK’s attractions, attracting residents, investors, and visitors while advancing economic diversification.
Final Thoughts
This acquisition signals Ras Al Khaimah’s emergence as a premier lifestyle and investment destination. Wasl Group’s project will deliver world-class hospitality and residences, creating lasting value.
At Horizon Properties International, we offer expert insights into Marjan Beach opportunities. Contact our team to explore investments in Ras Al Khaimah.
FAQs
What is the Wasl Group project in Marjan Beach?
A five-star hotel and branded residences on a premier beachfront plot, offering Gulf views and lifestyle amenities.
Why is Wasl Group entering Ras Al Khaimah?
To expand its portfolio, leverage RAK Vision 2030, and develop distinguished communities in a growing market.
What is Marjan Beach?
A mixed-use destination with 22,000 homes, 12,000 hotel keys, eight neighbourhoods, hosting 74,000 residents and 32,000 workers.
When will the project open?
Construction begins 2026; phased openings from 2029.