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Major Developments is among the first real estate developers to officially sign and announce its grand Dh1.7 billion project in the newly launched Marjan Beach — an 85-million-sq-ft coastal masterplan that is rapidly becoming the UAE’s most coveted development zone. With global hospitality giants marking their presence, this iconic shoreline features 3 km of uninterrupted beach, 6.5 million sq. ft of lush open spaces, and is poised to welcome over 180,000 visitors annually.
Abdulla Al Abdouli, Group Chief Executive Officer of Marjan, and Andrei Charapenak, CEO of Major Developments, came together to officially sign the development agreement for Major Developments’ third upcoming project in Ras Al Khaimah. The agreement marks a significant milestone for the Marjan Beach, reinforcing a shared vision to shape one of the UAE’s most ambitious coastal destinations.
Al Abdouli says, “By establishing itself as a global benchmark for waterfront living, Marjan Beach has reinforced the robust demand for world-class real estate in the Emirate, opening new avenues for investors, businesses, and residents. Major Developments has proven expertise in building ultra-luxury real estate developments in the Emirate, and we are proud to collaborate with them to curate an elevated lifestyle experience for our discerning residents. This collaboration with a long-term partner solidifies Marjan Beach’s position as the region’s most coveted waterfront address, reflecting our commitment to transform Ras Al Khaimah into a global lifestyle and investment hub.”
