Marjan and Dara Developments Ink Deal for 27-Storey Residential Tower at RAK Central

Ras Al Khaimah: Marjan, the master developer of freehold projects in Ras Al Khaimah, has announced a strategic agreement with Dara Developments for the acquisition of a plot of land within the RAK Central development-Marjan's latest mixed-use destination in the emirate-to develop a 27-storey residential tower. According to Emirates News Agency, the building is scheduled for completion by the fourth quarter of 2027. This project aims to expand the residential offerings at RAK Central, aligning with Ras Al Khaimah's Vision 2030 to position the emirate as an appealing place for investors and tourists seeking excellence in living, working, and leisure. Engineer Abdulla Al Abdouli, Chief Executive Officer of Marjan, highlighted that RAK Central has achieved significant growth since its launch. It serves as a modern mixed-use destination, offering global investors and local businesses an innovative space for growth and prosperity. This development also reinforces Ras Al Khaimah's appeal as a dynamic investment an d tourism destination. Work is currently underway on the project's main headquarters, which will serve as the central business hub. This aspect of the project is expected to be completed in the first quarter of 2027.