Marjan, the master developer of Ras Al Khaimah, and Ras Al Khaimah Economic Zone RAKEZ have marked the topping-out of RAK Central Square, with the development on track to open in Q4 2027. The milestone advances the delivery of RAK Central, a mixed-use district taking shape to support the Emirate’s evolving economy and bring together workplaces, homes and amenities.
Developed through a joint venture between Marjan and RAKEZ, RAK Central Square forms a key part of a wider masterplan whose infrastructure was completed in September 2025. All 26 development plots across RAK Central have now sold out, with developers committed across the district including Pantheon Developments, Lapis Properties, BNW, Sugee Properties, Major Developments, DARA Properties and more. The topping-out of RAK Central Square provides a visible sign of progress as the district moves from infrastructure delivery towards the next stage of development.
The wider RAK Central masterplan is planned to include approximately 3 million sq ft of rentable office space, more than 7,000 residential apartments, over 1,000 hotel keys, retail, parks, public spaces and a central town square. Together, these elements are to establish RAK Central as a foundation for everyday economic life, connecting commercial activity with the amenities and places that support businesses, residents and visitors.
Sheikh Saqr bin Omar Al Qasimi, Chief Executive Officer, Development, Marjan, said: “RAK Central is shaped by a clear understanding of Ras Al Khaimah’s ambitions and what its future demands. We curate growth by putting the foundations in place for businesses to invest, communities to thrive and opportunities to take shape. RAK Central Square brings this ambition to life as part of a wider district designed to bring workplaces, homes and amenities together.”
Ramy Jallad, Group CEO of RAKEZ, said: “Working with a community of more than 50,000 companies across diverse sectors gives us a clear understanding of what businesses need as they establish and expand. Access to Grade A offices, strong connectivity and supporting amenities helps companies grow their teams, attract talent and develop their regional presence. RAK Central Square will strengthen Ras Al Khaimah’s ability to meet these needs and support its next phase of business growth.”
Construction has progressed across all five towers, with structural works complete and façade installation and mechanical, electrical and plumbing works underway. The project has recorded more than five million man-hours without a reportable health, safety and environment incident, reflecting a continued focus on safe delivery.
Supporting RAK Central’s growth, the District Cooling Plant (DCP) will provide centralised cooling for more than 40 commercial, hospitality and mixed-use buildings, with a planned capacity of 35,000 refrigeration tonnes.
As RAK Central Square progresses towards its Q4 2027 opening, the wider district is moving into the delivery of buildings and places. Its combination of workplaces, homes, hospitality, retail and public spaces is to support business growth and investment while creating a more complete urban destination Ras Al Khaimah.
About Marjan:
At the heart of Ras Al Khaimah’s transformation, Marjan draws on its deep understanding of the Emirate to shape destinations that reflect its character, strengths and ambitions.
Through Development, Hospitality and Lifestyle, Marjan brings together infrastructure, commercial districts, hospitality and lifestyle experiences to create places where people, businesses and communities can thrive. Its developments include Al Marjan Island, RAK Central and Marjan Beach, while its work at Jebel Jais focuses on helping develop experiences that connect visitors with the Emirate’s mountain landscape. Its partnership with Wynn Resorts on Wynn Al Marjan Island further reflects its commitment to strategic investment and collaboration, supporting Ras Al Khaimah’s international profile and economic diversification.
About Ras Al Khaimah Economic Zone RAKEZ:
RAKEZ is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah in the United Arab Emirates. It currently hosts over 50,000 companies coming from close to 200 countries and operating in more than 50 industries.
RAKEZ offers entrepreneurs, startups, SMEs and manufacturers a wide-range of solutions, including free zone and non-free zone licences, customisable facilities, and first-class services provided in a one-stop shop. Furthermore, RAKEZ has specialised zones that are tailored to specific needs of investors: Al Nakheel and Al Hamra Business Zones for commercial and service companies; Al Ghail, Al Hamra and Al Hulaila Industrial Zones for manufacturers and industrialists; and an Academic Zone for educational providers.
A leading economic zone, RAKEZ aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah.
