Ras Al Khaimah has merged its real estate developer Marjan with RAK Hospitality Holding, creating a single, unified entity that will operate under the Marjan brand. The strategic move, announced on October 22, 2025, is designed to fast-track the emirate’s development into a global investment and lifestyle hub in line with its Vision 2030.
The merger of Marjan and RAK Hospitality Holding consolidates Ras Al Khaimah’s real estate, hospitality, and lifestyle sectors under one powerful platform, positioning the new entity as one of the largest developers in the UAE. The move is central to achieving the emirate’s ambitious growth targets, which include welcoming 3.5 million visitors annually, expanding its hotel inventory to nearly 20,000 keys, and delivering several new master-planned communities.
Announcing the consolidation, His Highness Sheikh Ahmed bin Saud bin Saqr Al Qasimi, Chairman of Marjan, said the merger “builds upon solid foundations for a new chapter of advancement and success.” He added that the unified company will focus on “creating high-value jobs for Emiratis, developing national capabilities and reinforcing our position as a beacon of opportunity and innovation.”
The integration is set to enhance Marjan’s ability to deliver large-scale projects such as Al Marjan Island, RAK Central, and the newly unveiled Marjan Beach. The move comes as other emirates report strong growth, with Sharjah property sales also reaching historic levels this year.
Abdulla Al Abdooli, Group CEO of Marjan Real Estate, told Arabian Business that the new structure will “champion Ras Al Khaimah’s development and master planning into a smart, authentic, connected city of the future.” He projected that the upcoming master plans would create over 50,000 jobs in the next seven years.
Alison Grinnell, Group COO and CEO of Marjan Hospitality, highlighted that the merger would leverage the strengths of both companies. She noted it would accelerate the expansion of the emirate’s hotel pipeline, building on the global attention from projects like Wynn Al Marjan Island and diversifying into luxury and branded residence segments. This strategic enhancement of the property sector mirrors efforts in the capital, where ADGM’s digital services aim to boost transparency and investor confidence.
According to Tariq Bsharat, Group Chief Strategy and Business Development Officer, the merger represents a “strategic alignment of vision and execution.” He projected that Marjan’s projects could contribute up to 30% of Ras Al Khaimah’s GDP by 2030.
“By bringing all our expertise under one roof, we can deliver faster, more efficiently and in a way that ensures livability remains at the heart of every development,” Bsharat stated.
The consolidated Marjan will now spearhead the emirate’s next phase of development, unifying investment, tourism, and community-building efforts to solidify Ras Al Khaimah’s position on the global map.
