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Ras Al Khaimah expected to double hotel rooms by 2027
Taj's latest project on Marjan island sells 97 units in first 24 hours
- PUBLISHED: Mon 5 May 2025, 5:59 PM
Ras Al Khaimah is experiencing rapid growth across its tourism and real estate sectors, driven by rising visitor numbers and ongoing investments in new residential and tourism projects.
By 2027, the number of hotel rooms in Ras Al Khaimah is expected to double, with nearly 7,000 new keys being added. This includes luxury developments on Al Marjan Island, with the Wynn Al Marjan Island set to open in 2027.
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In 2024, Ras Al Khaimah had 1.28 million overnight visitors, marking a 4.9% increase from the previous year. The emirate targets 3.5 million annual visitors by 2030.
Seeking to cash in on this trend, major hotel brands have made a beeline for the emirate, with names like Marriott and Nobu planning to open new properties between 2026 and 2028.
On this cue, India’s largest India’s largest hospitality company, Indian Hotels Company (IHCL), debuted Taj Wellington Mews on Al Marjan Island. The property, launched in partnership with BNW Developments, witnessed 97 of its units reserved within the first 24 hours of its launch, making it among the UAE’s fastest-selling luxury projects to date.
“This collaboration with Taj is the architectural articulation of BNW’s long-term vision. This allows us to merge generational heritage with contemporary precision, an alliance rooted in purpose, not just prestige,” said Ankur Aggarwal, Chairman and Founder of BNW Developments.
Vivek Oberoi, Bollywood actor and co-founder of BNW Developments, said: “Ras Al Khaimah is rapidly emerging as the nucleus of forward-thinking luxury and global investment appeal. With Taj Wellington Mews, we are curating an experience that embodies the very essence of timeless hospitality.”
The development comprises a total of 342 ultra-luxury units, including 185 studio apartments, 117 one-bedroom apartments, 26 two-bedroom apartments, 8 three-bedroom apartments, and 6 retail units.
The project features two interconnected towers elegantly curved over a circular podium. A collective vision for refined living, set along the picturesque shoreline, Taj Wellington Mews forms part of a growing collection of ultra-luxury residences by the bay, a shared vision between two pioneers committed to redefining lifestyle experiences in the UAE.
A thriving investment hotspot, Ras Al Khaimah has rapidly emerged as one of the fastest-growing regions in the UAE. With global names like Wynn Resorts making their debut on Al Marjan Island, the area has seen a significant rise in demand, with projected rental yields reaching upwards of 8-14%, making it a lucrative choice for discerning investors.