Ras Al Khaimah widens branded hospitality space with new projects

Ras Al Khaimah (RAK), one of the fastest-growing emirates in the UAE, is emerging as a prime destination for luxury real estate investment, particularly in the branded residences segment. With its pristine coastline, scenic mountains, and investor-friendly policies, RAK is attracting global hospitality brands and high-net-worth individuals seeking exclusive lifestyle offerings. 

The emirate’s real estate landscape is poised for a transformative shift with the highly anticipated launch of the UAE’s first integrated gaming report at the Wynn on Al Marjan Island. This landmark development is expected to significantly boost tourism, elevate property values, and catalyse demand for high-end branded residences. As international interest surges, developers are aligning with luxury hotel brands to deliver curated living experiences that blend hospitality, design, and investment potential. This report explores the current market dynamics, key players, and the strategic impact of the casino on RAK’s branded residential sector.

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The emirate’s strategic approach to sustainable, cross-sector growth and strong economic and investment environment has been validated by international credit rating agency Fitch, which reaffirmed the rating at ‘A+’ with a stable outlook. Fitch estimated that Ras Al Khaimah achieved real GDP growth of 6.7% in 2024, an increase from 3.6% the previous year. RAK Government anticipates this strong momentum to continue, with average growth projected at 6.1% into 2026.

As part of this trend, a number of global luxury developers are making a beeline to launch projects in the emirate. 

Dalands Holding, in collaboration with Marriott International and with the support of Marjan’, the master developer of freehold property in Ras Al Khaimah, has announced the signing of W Residences Al Marjan Island. Set to open in Q4 2027, W Residences Al Marjan Island will be co-located with the W Al Marjan Island hotel, introducing a fusion of hospitality and elevated residential living to one of the UAE’s most iconic beachfront destinations. This marks a new chapter in Dalands Holding’s expansion into the UAE, building on its successful track record of developing boutique resorts and high-end residences.

Abdulla Al Abdouli, CEO of Marjan, said: “W Residences Al Marjan Island is a significant addition to our expanding portfolio of world-class developments on the island. We are pleased to welcome global brands like W Hotels and leading developers like Dalands Holding who have long-standing credibility as a hospitality-focused developer. This project will further enhance our position as a preferred destination for luxury living and investment, while enriching the cultural and economic landscape of Ras Al Khaimah.”

Saurabh Gupta, CEO of Dalands Holding, said: “We are delighted to introduce W Residences to Al Marjan Island; a development that embodies our vision for creating iconic destinations rooted in design, service, and a vibrant sense of place. Co-locating these 201 W Residences with W Al Marjan Island ensures an unmatched lifestyle offering, combining private, luxury living with access to exceptional hospitality services. These fully furnished residences, supported by a world-class hotel experience and direct access to the beach, is what sets this project apart.”

The residences will feature a range of luxury homes, offering sweeping views and direct access to 130-metres-long beachfront. Each element of the development reflects the W Hotels brand, from interiors to the signature Whatever/Whenever© services.

Planned amenities at the project These include an exclusive reception area, WET® infinity pool deck, a resident’s lounge, the brand’s signature FIT® fitness hub including a yoga studio, a beachside lounging zone, a mini ‘Screening Room’, and dedicated entertainment spaces for private events and parties.

“This launch marks an exciting milestone for Marriott International as we continue to grow our luxury residential footprint in the region,” said Sandeep Walia, Chief Operations Officer, Middle East & Luxury, Europe, Middle East & Africa – Marriott International. “W Residences Al Marjan Island reflects the evolving expectations of today’s luxury consumer — seeking more than just a home, but an immersive lifestyle destination. We are proud to continue our collaboration with Dalands Holding and Marjan to bring this bold new residential offering to life alongside W Al Marjan Island.”

Somshankar Bandyopadhyay

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somshankar@khaleejtimes.com

Somshankar Bandyopadhyay is a News Editor with close to three decades of experience. Currently, he manages the business section, ensuring that the top economic and business news of the day reaches its readers.