Marjan, the master-developer of freehold properties in Ras Al Khaimah, has announced a strategic deal by Dara Properties to acquire 50,000 sq ft of land at its latest mixed-use destination, RAK Central, for the development of a 27-floor residential building.

Scheduled for completion by Q4 2027, the project is set to expand the residential offerings in RAK Central in line with RAK Vision 2030 to provide a dynamic ‘live, work, play’ destination for discerning investors and tourists, said Marjan.

The residential development marks Dara Properties’ debut in Ras Al Khaimah’s burgeoning real estate sector. Strategically located within the dynamic RAK Central and designed to meet the growing demand for high-quality living spaces in the region, the project will offer a range of residential units within a well-integrated mixed-use environment, incorporating commercial and retail spaces to enhance convenience for residents.

Featuring around 350 apartments including studios and one-, two- and three-bedroom apartments offering panoramic views of the emirate, the residential complex is designed as a self-sufficient community equipped with state-of-the-art amenities including a swimming pool, gym, padel courts, multipurpose room, and much more, said the company.

With Abdul Rahim Architectural Consultants onboard as lead consultant and IBAHouse Interior Architects in charge of interior design, the project is set to elevate RAK Central’s appeal as a self-contained, multi-purpose development offering a holistic lifestyle, it stated.

RAK Central masterplan offers 3 million sq ft of rentable office space, more than 4,000 residential apartments, four hotels with a capacity surpassing 1,000 keys, multiple parks and green spaces, in addition to various retail and entertainment facilities and several interconnected buildings with over 1,000 parking spaces for visitors.

Work on RAK Central headquarters, which will serve as the main business complex, is currently under way and expected to be completed in the first quarter of 2027.