Wasl Group acquires Premier Beachfront Property in Marjan Beach, Ras Al Khaimah, marking debut in Emirate

UAE – Marjan, a leading real estate developer, has announced that Wasl Group, one of the UAE’s foremost real estate and hospitality developers, has acquired a premier beachfront property in Marjan Beach, Ras Al Khaimah.

This acquisition marks Wasl Group’s debut in Ras Al Khaimah and highlights the emirate’s growing status as a hub for investment, tourism, and coastal living, aligning with RAK Vision 2030.

Wasl Group’s new flagship development will feature a luxurious five-star hotel and branded residences, blending architectural excellence with elevated lifestyle experiences.

The property promises panoramic views of the Arabian Gulf and direct access to Ras Al Khaimah’s expanding portfolio of leisure, wellness, and cultural attractions. Construction is scheduled to commence in 2026, with phased openings beginning in 2029.

Marjan Group CEO Abdulla Al Abdouli expressed pride in Ras Al Khaimah’s rising global appeal as both a lifestyle and investment destination.

He noted that this acquisition expands Marjan Beach’s portfolio with unique, high-end villas and apartments, reinforcing Marjan’s leadership as Ras Al Khaimah’s premier developer.

The project accelerates the vision to deliver long-term, sustainable value through pioneering destinations.

Designed as eight distinctive neighbourhoods, Marjan Beach will include 22,000 residential units and 12,000 hotel keys, accommodating around 74,000 residents and a workforce of 32,000.

Wasl Group CEO Hesham Al Qassim affirmed confidence in the emirate’s long-term vision, emphasizing their commitment to delivering distinguished developments that appeal to residents, investors, and visitors alike.

He added that Marjan Beach offers the perfect masterplan to bring Wasl’s real estate and hospitality expertise to a new market and enhance quality of life across the UAE.

This landmark acquisition illustrates Ras Al Khaimah’s ongoing transformation and robust investor confidence, signaling a vibrant future for luxury real estate and hospitality in the emirate.

Wasl Group has a strong hospitality portfolio in the UAE and Middle East, managing over 35 luxury hotels with more than 5,400 rooms and 1,400 serviced apartments.

Its US$750 million expansion plan includes new properties in Dubai and Riyadh, adding over 9,000 rooms by 2026.

The group’s hospitality investments align with the UAE’s Tourism Strategy 2031, aiming to attract AED 450 billion (US$122.5 billion) in tourism investments, reinforcing Wasl’s reputation as a leader in delivering innovative, sustainable hospitality.

Sign up HERE to receive our email newsletters with the latest news and insights from Africa and around the world, and follow us on our WhatsApp channel for updates.