Wasl Group Acquires Prime Beachfront Plot at Marjan Beach in Ras Al Khaimah

Ras Al Khaimah, United Arab Emirates – October 30, 2025: Wasl Group, one of the UAE’s leading real estate and hospitality developers, has acquired a premier beachfront property at Marjan Beach, marking its first-ever venture in Ras Al Khaimah. The acquisition was announced by Marjan, the master developer behind some of the emirate’s most iconic destinations, as part of its ongoing efforts to attract major regional and global investors to Ras Al Khaimah’s growing coastal market.

Expanding Footprints in a Rising Investment Hub

The landmark transaction represents a significant milestone for Wasl Group, underscoring both its confidence in Ras Al Khaimah’s long-term growth strategy and its commitment to developing world-class lifestyle communities across the UAE. The move aligns with RAK Vision 2030, which positions the emirate as a leading destination for sustainable investment, tourism, and luxury living.

Wasl’s upcoming project will feature a five-star hotel and branded residences offering expansive views of the Gulf and direct access to Ras Al Khaimah’s growing portfolio of leisure, wellness, and cultural attractions. The development promises to bring a new standard of architectural sophistication and hospitality excellence to the northern emirate.

A Vision for World-Class Living

Construction on the development is scheduled to commence in 2026, with phased openings beginning in 2029, according to Marjan. The project will serve as a cornerstone of Marjan Beach, a master-planned community envisioned as Ras Al Khaimah’s next major coastal destination.

Abdulla Al Abdouli, Chief Executive Officer of Marjan Group, 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 reinforces our position as Ras Al Khaimah's leading developer and accelerates our vision to deliver long-term, sustainable value through pioneering destinations.”

A Landmark Entry for Wasl Group

For Wasl Group, this acquisition represents a strategic expansion beyond Dubai, marking its entry into one of the UAE’s fastest-growing real estate markets.

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 master plan 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.”

Marjan Beach: A New Coastal Landmark

Designed around eight distinctive neighbourhoods, Marjan Beach will be one of the most ambitious mixed-use developments in the UAE. The destination is set to feature 22,000 residential units and 12,000 hotel keys, accommodating approximately 74,000 residents and a workforce of 32,000 upon completion.

The master plan integrates walkable urban design, green public spaces, luxury villas, and premium hospitality offerings, building on Marjan’s track record of successful coastal projects such as Al Marjan Island—home to leading global hospitality brands and entertainment attractions.

Driving Ras Al Khaimah’s Growth Story

The acquisition by Wasl Group adds to a series of major real estate and tourism investments that have positioned Ras Al Khaimah as a rising hub for sustainable development and luxury living. The emirate’s focus on attracting high-profile developers and investors aligns with its vision of becoming a regional benchmark for integrated lifestyle destinations.

With construction set to begin in 2026, Wasl’s entry into Ras Al Khaimah marks the start of a new chapter in the emirate’s evolution, one defined by collaboration, innovation, and long-term value creation for residents and investors alike.