RAS AL Khaimah aims to attract multinatals like Dubai, Riyadh Face grade Office Supply – King of Marjan Strategies
Ras Al Khaimah is in a unique position to attract various firms looking for space to expand amid a shortage of international offices in the UAE and Saudi Arabia, Marjan’s Coup Group Officer TORIQ BSHARAT Police was told Arabian business.
The Emirate’s Flagship developer is building five office towers in Rak Central as part of a broader push to transform the local economy and bring together both regional companies and international firms entering the market. The project will present one billion square feet of premium office space, with leasing managed by JLll in partnership with the Ras Al Khaima Economic Zone (Bacz).
“We are building office space because we have important businesses that want to enter it, and they are growing, and they want that,” said Bsharat in an interview. “But then we also have the stars aligned, when they look at the UAE, they look at where to start, and RAS AL Khaimah is becoming more and more exciting. If you don’t build it yourself.”
The move comes as Riyadh and Dubai grapple with rising demand for prime office space. The program of the Regional Headquarters of Riyadh continued for more than 600 firms of various countries, including Morgan Stanley and PepsiCo, to establish a place of residence in the middle of 98 percent, data from Savills shows.
In Dubai, Vacancy in prime locations fell to 1.7 percent, with taxes rising more than 20 percent annually from the US and Europe
RAS AL Khaima is the growth of the company
BSHARAT said the RAK CEPPECTER Project was designed to capture some of that shillover while meeting the Emirate’s growing demand.
“JLL is our master agent,” he said. A partnership between us and Chalez. They have a business license and they do a lot of other things, but this time, we’re relying on them to help us develop this. With office space being limited in other Emirates and prices going through the roof, we will see the benefit of that. But that was not our original intention – it was actually the growing demands of Ras Al Khaimah. “
He added that Emirate’s small business and ecosystem in the fridge is expanding rapidly, supported by the registration of Recz Record Company.
“Many people will be consultants, they will have their own business,” he said. “Chakez brought 132,000 new businesses in 2024 alone. Their numbers are exploding, and in their countries they are creating an ecosystem.”
The office development is part of the Marjan Central Master Plan, which includes commercial, residential and lifestyle components. The district is expected to become the Emirate’s main business and Civic Hub, with new locations, retail spaces and public spaces designed to support incoming companies and their employees.
Earlier this week, Marjan and RAK travelers merged to form a joint venture under the Marjan name, bringing together Ras Al Khaimah real estate, hospitality and lifestyle under one platform. The merger aims to accelerate diversification efforts and improve efficiency in delivering major improvements, executives said.
Bsharat said the emirate’s combination of strategic location, low operating costs and advanced infrastructure gives it a competitive edge.
“It’s about building the future,” she said. “As the region’s major markets strengthen, we want Ras Al Khaimah to be ready for what’s to come.”
