📋 Tender Overview
Scope of Work:
Construction of RAK Central, mixed-use destination in Ras Al Khaimah.
Description:
Upon completion, RAK Central will offer 3 million sq ft of rentable office space, more than 4,000 residential apartments, three hotels with a capacity surpassing 1,000 keys, multiple parks and green spaces, various retail and entertainment facilities, and several interconnected buildings with over 1,000 parking spaces for visitors. Construction work is scheduled to begin in 2024, with the first phase of the infrastructure and the main business complex set for completion in the fourth quarter of 2026.
According to Marjan, RAK Central will feature the largest commercial business district in the northern emirates. Commercial spaces will be tailored as per the needs of anchor tenants, with open floor plans to facilitate a flexible design. Located on Sheikh Mohammed bin Salem Al Qasimi Street, it will boast views of Al Hamra Golf Club and the Arabian Gulf. RAK Central is expected to become Ras Al Khaimah’s largest business hub, attracting leading businesses and other entities in the region to set up their headquarters, including Marjan.
It will follow the sustainability principles set out under the LEED Gold Certification, in addition to harnessing advanced technology solutions, including Artificial Intelligence (AI), to create a smart, state-of-the-art ecosystem where communities and businesses can thrive. Cementing Marjan’s reputation as a developer of high-end residential destinations, RAK Central will offer freehold residential plots for purchase and development by investors. Land plots will be meticulously laid out to ensure scenic views from all units, in addition to featuring a pedestrian-friendly, green public realm, as well as wide-open spaces and parks to usher in a serene lifestyle. RAK Central will usher in a new era of economic growth for Ras Al Khaimah, with a focus on not only providing international investors with high-value property but also by serving as a hub for businesses.
RAK Central will be developed in phases, with the construction of the first phase to include one million sq ft of commercial office space for rent, and additional spaces offered for development. This will include 34 exclusive residential plots, where developers can build residential towers of up to 45 floors, or approximately 200 metres high.
