Our mission is to be at the heart of Ras Al Khaimah’s master planning activities while delivering quality living communities.
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350,000 Population
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1,684 KM2 Population
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Positioning Luxury Within Reach
Ras Al Khaimah has been able to outperform UAE’s GDP growth in 6 out of the past 8 years. Ras Al Khaimah’s GDP grew by 4.5% during 2016 surpassing UAE’s overall GDP growth of 3.10%. In 2009, when the country recorded a negative 5.2% GDP change, Ras Al Khaimah was able to achieve GDP growth of 1.60%, thanks to its more balanced and stabilized economy.
While the hospitality sector does have a large contribution to Ras Al Khaimah’s GDP, such contributions have not remained stagnant. The hospitality sector’s contribution to Ras Al Khaimah’s GDP has been steadily increasing, growing from 2% in 2012 to more than 4% in 2016, and the trend is expected to continue
Ras Al Khaimah has been able to outperform UAE’s GDP growth in 6 out of the past 8 years. Ras Al Khaimah’s GDP grew by 4.5% during 2016 surpassing UAE’s overall GDP growth of 3.10%. In 2009, when the country recorded a -5.2% GDP change, Ras Al Khaimah was able to achieve GDP growth of 1.60%, thanks to its more balanced and stabilized economy.
While the hospitality sector does have a large contribution to Ras Al Khaimah’s GDP, such contributions have not remained stagnant. The hospitality sector’s contribution to Ras Al Khaimah’s GDP has been steadily increasing, growing from 2% in 2012 to more than 4% in 2016, and the trend is expected to continue
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2011
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2016
Number of visitor arrivals to RAK has been increasing steadily since 2013, an increase of 437,024 within 5 years only.
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2013
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2017
Guest nights have also been increasing and people are choosing to spend more time in RAK. From 2013 to 2017, number of nights guests stayed have went up from 1,273,000 to 3,325,799.
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Emarati
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Russian
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UK
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India
The Revenue per available room “RevPAR” has been steadily growing since 2015 in Ras Al Khaimah continued growth from key source markets
- 47%Russia
- 42%UK
- 35%India
UAE residents account for the majority of visitors in Ras Al Khaimah representing 38% of total visitors.
Internationally, RAK’s top source markets include Germany, Russia, UK and India.
Ras Al Khaimah is defined by an environment of affordable service without ever sacrificing quality.
As other competing regional destinations become more expensive and saturated, Ras Al Khaimah can arise as a new attractive, distinguished, yet affordable destination.
The northern most emirate is known for its diverse natural settings that other regional destinations lack.
There is no reliance on oil as an economic driver which means that the economy in Ras Al Khaimah is more diversified and stable
There is a tremendous opportunity for experienced owners and operators to expand their footprint into a new market
As Ras Al Khaimah increasingly grows in popularity new hotel brands are being introduced with a strong client base
Marjan is the leading master developer for freehold land in the Emirate of Ras Al Khaimah, offering ample development and investment opportunities with 100% foreign ownership and tax benefits.