Wasl Group is one of the UAE’s leading real estate and hospitality developers. It has entered Ras Al Khaimah with a landmark acquisition at Marjan Beach, the emirate’s newest mixed-use destination. This move reflects confidence in the growth of Ras Al Khaimah and highlights Wasl’s intention to expand its portfolio in one of the country’s prime coastal areas.

A Landmark Move for Wasl Group

This acquisition marks the Wasl Group’s debut in Ras Al Khaimah. This investment further reinforces the emirate’s growing importance as a hub for investment, tourism and high-end coastal living. The development will feature a five-star hotel and branded residences designed to set new standards in waterfront luxury.

According to Marjan, construction is scheduled to begin in 2026 with phased openings expected from 2029 onward. The project will offer panoramic views of the Arabian Gulf and direct access to Ras Al Khaimah’s expanding network of leisure, wellness and cultural attractions.

Wasl Group’s entry supports its long-term vision of creating world-class communities in landmark locations, while contributing to Ras Al Khaimah’s economic and tourism goals under the RAK Vision 2030 framework.

Marjan Beach: The Next Coastal Destination

Marjan Beach represents the next evolution of Ras Al Khaimah’s waterfront master planning. Designed around eight distinctive neighbourhoods, the destination will feature 22,000 residential units and 12,000 hotel keys.

Once complete, it will accommodate about 74,000 residents and a workforce of 32,000 people, supported by retail, dining, wellness, and cultural spaces. This level of scale positions Marjan Beach as one of the UAE’s most significant mixed-use coastal developments.

The inclusion of Wasl Group’s flagship project within Marjan Beach further cements the destination’s appeal to investors and global travellers seeking refined living and long-term value.

Building Confidence in Ras Al Khaimah’s Vision

Ras Al Khaimah has evolved from a quiet emirate into a global lifestyle and investment hub, striking a balance between natural beauty and planned infrastructure growth.

Recent years have seen an increase in foreign investment in hospitality and real estate, with projects such as Al Marjan Island, Address Residences, JW Marriott Residences and Wasl’s development, all of which are strengthening RAK’s global profile.

The emirate’s leadership continues to invest in tourism, sustainability, and infrastructure, aligning with the RAK Vision 2030 strategy to diversify the economy and attract international investors.

Wasl’s acquisition validates that direction. It signals growing confidence in Ras Al Khaimah’s fundamentals — strategic location, strong governance, and steady population growth.

What the Project Represents

Wasl’s upcoming development at Marjan Beach will feature a five-star hospitality component alongside premium branded residences.

The design will emphasise architectural clarity, modern comfort, and waterfront access. It aims to deliver both investment-grade assets and exceptional living experiences, thereby contributing to the emirate’s tourism growth and enhancing its real estate value chain.

Residents and guests will enjoy direct beach access, panoramic sea views and proximity to major attractions. It includes Al Hamra Golf Club and the upcoming Wynn Resort.

This project also reflects Wasl’s ongoing strategy to diversify its holdings beyond Dubai which bringing its expertise in integrated mixed-use communities to new regional markets.

Statements from Developers

Marjan Group CEO Abdulla Al Abdouli described the acquisition as a milestone that highlights Ras Al Khaimah’s global appeal and Marjan’s role in enabling landmark developments.

He noted that this new partnership “expands our portfolio with high-end villas and apartments while accelerating our mission to deliver sustainable, long-term value through pioneering destinations.”

A Wasl Group representative added that entering Ras Al Khaimah represents “a commitment to supporting the emirate’s vision and developing destinations that attract residents, investors and visitors alike.”

They also confirmed that Marjan Beach offers the ideal framework to bring Wasl’s expertise in real estate and hospitality to a growing market focused on quality of life and sustainable development.

Why Ras Al Khaimah is Drawing Investors

Ras Al Khaimah stands out in the UAE for its combination of natural landscapes, stable returns, and pro-investment environment.

The emirate’s tourism growth remains one of the fastest in the region. Visitor numbers in 2024 surpassed 1.2 million, and the RAK Tourism Development Authority projects further growth, driven by luxury hospitality and real estate.

Off-plan Projects in Ras Al Khaimah remains more accessible than in Dubai, with strong room for capital appreciation. Waterfront plots on Marjan Islands have already recorded steady value increases, averaging 10–12% annual growth in prime locations since 2022.

Upcoming projects including Wasl’s beachfront development are expected to accelerate investor interest, especially as infrastructure and hospitality offerings expand.

The emirate’s zero personal income tax, stable governance and proximity to Dubai International Airport add further weight to its long-term investment case.

Investment Opportunity and Long-Term Value

Wasl’s Marjan Beach development arrives at a time when investors are diversifying within the UAE. While Dubai continues to dominate, Ras Al Khaimah is now being recognised as the next frontier for coastal real estate investment.

The emirate’s property market benefits from limited prime land, increasing tourism, and government-led sustainability projects.

Wasl’s participation provides institutional confidence, attracting both end-users and international investors who value branded, well-managed properties.

As construction begins in 2026, the project is expected to deliver strong off-plan demand and potential rental yield opportunities by the time of phased openings in 2029.

A Strategic Partnership for the Future

This partnership between Marjan and Wasl underscores a shared commitment to shaping Ras Al Khaimah’s next chapter. It combines Marjan’s regional expertise with Wasl’s national footprint and development record.

Together, they aim to deliver a destination that aligns with modern expectations for sustainable living, integrated design and investment resilience.

The project will also contribute to Ras Al Khaimah’s broader economic diversification — supporting jobs, tourism and foreign capital inflows while positioning the emirate as a leading coastal destination in the Gulf.

Conclusion

Wasl Group’s acquisition of Marjan’s prime beachfront property signals a defining moment for Ras Al Khaimah’s real estate story.

It highlights confidence in the emirate’s vision, the appeal of its coastline, and the growing shift of investors toward long-term, value-driven assets.

With construction set for 2026 and openings from 2029, this development is poised to become a benchmark for luxury, sustainability and investment strength along the UAE’s northern shores.

For discerning investors, Ras Al Khaimah now stands as a clear alternative — a destination where growth, governance and quality align to create lasting value.