Staff Report
Dubai, UAE
Pantheon Development, a Dubai-based property developer, has announced the launch of its mixed-use project, One Central at RAK Central, located in Ras Al Khaimah. With a total sale value of approximately Dh1 billion, the project launch follows the successful acquisition of land in RAK Central. The mixed-use development is slated for completion in Q4 2027.
Sprawling 450,000 square feet, One Central will feature 312 residential apartments, a Grade A office building, and hotel apartments. The project’s first phase will include a variety of floor plans, offering studio, one-bedroom, and two-bedroom units, with two-bedroom apartments boasting amenities such as an attached pool. Residents will enjoy over 25 facilities, including an infinity rooftop pool, sky lounge, jogging track, cinema, and a dedicated dog park.
Kalpesh Kinariwala, Founder of Pantheon Development, said, “RAK Central is poised to become a vibrant financial district, and One Central is at the forefront of this transformation. Our vision in RAK Central Masterplan is more than just a real estate endeavour – it is a pivotal step towards building a sustainable, innovative, and economically robust community that will benefit residents, businesses, and the broader Northern Emirates region for years to come. We are aiming to create communities that not only meet the needs of modern living but also enhances the quality of life for our residents through innovative design and sustainable practices.”
Moreover, Betterhomes has been appointed as the exclusive sales partners for One Central.
Richard Waind, CEO of Betterhomes, said, “We are thrilled to be appointed as the exclusive sales partners for One Central in collaboration with Pantheon Development. This project represents a landmark opportunity for both buyers and investors, offering an unparalleled blend of luxury living and flexible financing options. With our extensive suite of services and deep-rooted network, Betterhomes is well-positioned to significantly add value to One Central, guiding prospective owners and investors through every step of this extraordinary development.”
Residents of One Central will enjoy leisure options just minutes away, including Al Hamra Village, Al Hamra Golf Club, and the Wynn Resort, along with views of the golf course, the sea, and natural landscapes. Additionally, the development is positioned within RAK Central, one of the UAE’s fastest-growing regions for tourism, leisure, and real estate, making it a prime location for future growth.
The project boasts an ideal location just six minutes from the Marjan Island, home to the world’s largest Wynn Casino and pristine beachfronts, with effortless connectivity via close access to Sheikh Mohammed Bin Zayed Road (E311) and E11, ensuring seamless travel to Dubai and beyond.
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Also read: Pantheon Development acquires prime land from Marjan to develop mixed-use project
