Marjan has signed an agreement with OMNIYAT to develop a prime waterfront plot on Marjan Beach
- OMNIYAT develops premium beachfront property in mixed-use waterfront destination of Marjan Beach
- Ultra-Luxury real estate developer’s debut in Ras Al Khaimah reinforces emirate’s draw among investors and residents seeking iconic urban developments
- This announcement follows OMNIYAT’s reveal earlier this week marking its 20th anniversary a milestone that celebrates two decades of visionary design and architectural excellence
Marjan, one of the largest real estate developers in the UAE and the leading master developer of freehold properties in Ras Al Khaimah, the region’s premier integrated destination and real estate platform, has signed an agreement with OMNIYAT, a leading ultra-luxury real estate developer, for the development of a prime plot on Marjan Beach, the premium waterfront destination in Ras Al Khaimah.
This announcement follows OMNIYAT’s reveal earlier this month marking its 20th anniversary, a milestone that celebrates two decades of visionary design and architectural excellence and honours the developer’s enduring legacy in shaping Dubai’s skyline.
OMNIYAT’s first investment into the Ras Al Khaimah market marks a significant step in reinforcing the emirate’s position as a premier residential and lifestyle destination aligned with RAK Vision 2030. Its newly acquired 36,600 sq. m plot in Marjan Beach covers a beachfront extending over 250m, occupying a prime spot opposite Wynn Al Marjan Island. The project offers panoramic views of Ras Al Khaimah’s natural landscapes and is set for completion by 2030.
Abdulla Al Abdouli, Group Chief Executive Officer of Marjan, commented; “Marjan’s commitment to drive Ras Al Khaimah’s transformation into a global lifestyle and investment hub has led to strategic partnerships that align with our national ambitions. Following the landmark success of Marjan Island and RAK Central, we launched Marjan Beach to establish new benchmarks for waterfront living in the region. We are happy to welcome OMNIYAT with its proven track record of ultra-luxury real estate developments to enhance Marjan Beach’s appeal among global and local investors and visitors.”
Mahdi Amjad, Founder and Executive Chairman at OMNIYAT, added, “In recent years, we have witnessed an extraordinary evolution unfolding in Ras Al Khaimah. One that, combined with the paradigm shift in how ultra-luxury is defined, is ushering in a new era of real estate development and attracting global capital and talent. Through this agreement with Marjan, we will leverage OMNIYAT’s two decades of expertise in creating ultra-luxury waterfront destinations, alongside the Emirate’s exceptional infrastructure, authenticity and natural beauty, to develop destinations that elevate the human living experience and enrich communities. Together, we will drive the shift from ownership to experience, and from exclusivity to meaningful, authentic, and purposeful living.”
As a catalyst for high-value investment and tourism growth, Marjan Beach supports RAK Vision 2030’s targets of 3.5 million annual visitors. Designed around eight distinct neighbourhoods, the mixed-use waterfront destination has 22,000 residential units and 12,000 luxury hotel keys. With capacity to host a population of 74,000 residents, and a workforce of 32,000, Marjan Beach is set to welcome up to 180,000 visitors annually. Stretching across 3 km of pristine beachfront with 6.5 million sq. ft of open green spaces, Marjan Beach offers an authentic coastal lifestyle that promotes connectivity and walkability, distinguishing Ras Al Khaimah as a sustainable investment hub and premier tourism gateway
