Dubai's Wasl to build hotel and branded residences in Ras Al Khaimah
Wasl Group, one of Dubai’s leading real estate and hospitality developers, has acquired a beachfront plot at Marjan Beach, a mixed-use masterplan that will be developed by Marjan, a frontrunner in Ras Al Khaimah’s real estate development landscape. Wasl Group will build a five-star hotel and branded residences offering views of the Arabian Gulf and direct access to Ras Al Khaimah’s growing portfolio of leisure, wellness and cultural attractions. The plot acquisition marks Wasl Group’s debut in Ras Al Khaimah.
Wasl Group, one of Dubai’s leading real estate and hospitality developers, has acquired a beachfront plot at Marjan Beach, a mixed-use masterplan that will be developed by Marjan, a frontrunner in Ras Al Khaimah’s real estate development landscape. Wasl Group will build a five-star hotel and branded residences offering views of the Arabian Gulf and direct access to Ras Al Khaimah’s growing portfolio of leisure, wellness and cultural attractions. The plot acquisition marks Wasl Group’s debut in Ras Al Khaimah.
Located along the shoreline of Marjan Beach, the plot of land acquired by Wasl Group is strategically placed near Al Hamra Village with direct view of Al Marjan Island’s recreational and tourist facilities. It is further supported by robust infrastructure and a wide network of roads enhancing accessibility to the project.
Abdulla Al Abdouli, Group Chief Executive Officer, Marjan, said, "Ras Al Khaimah’s rising global appeal as a lifestyle and investment hub of the future and Marjan’s commitment to enabling world-class developments is reflected in this acquisition by Wasl Group.
"The launch of the first luxury project within the Marjan Beach master plan significantly expands our portfolio with unique, high-end villas and apartments. This also reinforces our position as Ras Al Khaimah's leading developer and accelerates our vision to delivering long-term, sustainable value through pioneering destinations."
The development by Wasl Group will feature an ultra-luxury resort managed by a globally renowned hospitality brand, along with branded residences offering private amenities, concierge services, and curated dining, wellness, and retail experiences. The project will be developed in line with sustainability standards, supporting Ras Al Khaimah’s environmental goals and Wasl Group’s broader sustainability agenda.
Hesham Al Qassim, Chief Executive Officer of Wasl Group, said, “We are pleased to expand Wasl Group’s footprint to Ras Al Khaimah through this landmark project. The development represents our confidence in the emirate’s long-term vision and our commitment to delivering distinguished destinations that appeal to residents, investors and visitors alike. Marjan Beach provides the ideal masterplan for us to bring our expertise in real estate and hospitality to a new market, furthering our mission to enhance quality of life across the UAE.”
The acquisition reinforces Marjan Beach’s role as a catalyst for high-value investment and tourism growth, supporting RAK Vision 2030’s targets of 3.5 million annual visitors and nearly 20,000 hotel keys. Construction is scheduled to begin in 2026, with phased openings expected from 2029 onward.
Designed around eight distinctive neighbourhoods, Marjan Beach will comprise 22,000 residential units and 12,000 hotel keys, hosting a population of approximately 74,000 residents and a workforce of 32,000. The destination will attract up to 180,000 visitors annually and will span three kilometres of pristine beachfront and 6.5 million square feet of open green spaces. Its walkable design and community-focused planning will further position Ras Al Khaimah as a sustainable investment hub and a leading tourism destination.
Overlooking the Arabian Gulf and Al Marjan Island, Marjan Beach is located in close proximity to notable developments such as Wynn Al Marjan Island, Al Hamra Village, RAK Central and the Ras Al Khaimah Economic Zone (RAKEZ). The sustainable masterplan features residences, hotels, offices and leisure hubs, offering a holistic coastal lifestyle designed around wellbeing and connectivity.
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