Merjaan Welcomes 'Amniyat' to Its Newest Beach Destination

Marjan, one of the UAE's largest real estate developers, has partnered with Dubai's ultra-luxury developer Amniyat to acquire a prime 36,600 square meter plot at Marjan Beach in Ras Al Khaimah. This marks Amniyat's first expansion outside Dubai after 20 years of developing high-end properties, signaling growing confidence in Ras Al Khaimah as a luxury destination.

The timing is significant. Ras Al Khaimah has been pushing hard to transform itself from a quiet emirate into a major tourism and investment hub. The emirate's Vision 2030 aims to attract 3.5 million visitors annually, and projects like this show how serious they are about competing with Dubai and Abu Dhabi for luxury real estate investment.

The acquired land sits directly opposite the Wynn Al Marjan Island Resort with over 250 meters of beachfront. The project is set to complete by 2030, which aligns with the emirate's broader development timeline. For investors, this represents a bet on Ras Al Khaimah's ability to capture some of the luxury market that has traditionally centered on Dubai.

Abdullah Al Abdooli, CEO of Marjan Group, says the partnership builds on previous successes like Al Marjan Island and RAK Central. "We're setting new standards for modern waterfront living in the region," he explains. The company is clearly positioning Marjan Beach as more than just another development - they want it to be a destination that attracts both local and international investment.

Amniyat's CEO Mehdi Amjad points to what he calls an "exceptional transformation" in Ras Al Khaimah over recent years. His company specializes in waterfront luxury developments, and the move suggests they see real potential in the emirate's tourism growth story. "We're driving the shift from ownership to experience," Amjad says, indicating a focus on lifestyle rather than just property investment.

The numbers behind Marjan Beach are substantial. The full development will include 22,000 residential units, 12,000 hotel rooms, and space for around 74,000 residents and 32,000 employees. It's designed to attract up to 180,000 visitors annually across eight distinct neighborhoods spanning a 3-kilometer waterfront.

For the regional real estate market, this partnership shows how developers are spreading risk beyond Dubai's saturated luxury market. Ras Al Khaimah offers lower land costs and fewer regulatory hurdles while still providing access to the UAE's infrastructure and business environment. The emirate's proximity to Dubai - about an hour's drive - makes it attractive for people who want luxury living at a lower price point.

The project sits near several key developments including Wynn Al Marjan Island Resort, Al Hamra Village, and the RAK Economic Zone. This clustering of luxury developments and business infrastructure is exactly what Ras Al Khaimah needs to build credibility as a serious alternative to more established emirates.