Dubai, 23 December 2025: UAE-based Major Developments is proud to be among the first real estate developers to officially sign and announce its grand-scale residential project in the newly launched Marjan Beach—an 85-million-sq-ft coastal mixed-use masterplan, by Marjan, the master developer of freehold properties in Ras Al Khaimah, that is rapidly becoming the UAE’s most coveted development zone. With global hospitality giants set to host 12,000 hotel keys on Marjan Beach, this iconic shoreline featuring 3 kilometres of beach frontage and 6.5 million sq. ft. of lush open spaces, is poised to establish new benchmarks in waterfront living in the region and welcome over 180,000 visitors annually.

Abdulla Al Abdouli, Group Chief Executive Officer of Marjan, and Andrei Charapenak, CEO of Major Developments, officially signed the land acquisition agreement for Major Developments’ third upcoming project in Ras Al Khaimah. The agreement marks a significant milestonereinforcing a shared vision to shape one of the UAE’s most ambitious coastal destinations.

Major Developments’ luxury residential landmark will be developed in collaboration with Bayaty Architects, the globally acclaimed design firm known for its exemplary craftsmanship, contemporary sensibilities, and signature modern spatial philosophy. Bayaty Architects has established a distinct language of sculptural architecture and experiential interiors, making this partnership a natural fit for a destination set to redefine Ras Al Khaimah’s coastal skyline over the next decade.