Major Developments
Major Developments is a Dubai-headquartered UAE luxury real estate developer building branded waterfront residences on Al Marjan Island and RAK Central, with a portfolio exceeding AED 10 billion across projects including Manta Bay, Colibri Views, Ice Beach, and Al Marjan Beach, serving high-net-worth investors and end-user residents via off-plan sales and a RERA-certified broker network.
- Company typePrivate
- Founded1993
- HeadquartersDubai, United Arab Emirates
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Major Developments does
Major Developments (legal entity: Major Real Estate Investment and Development LLC) is a Dubai-headquartered, privately held real estate developer focused on luxury branded residential projects in the United Arab Emirates, with operational concentration on Al Marjan Island and RAK Central in Ras Al Khaimah. The company was founded in 1993 as a construction venture and operates with 51-100 employees across a portfolio exceeding AED 10 billion, comprising at least four active projects: Manta Bay (an AED 1 billion, 450-unit waterfront development with the world's first rooftop sandy beach at nearly 60 metres), Colibri Views (a wellness-focused tower with a Patrice Evra-designed wellness feature and Sky Observatory Deck), Ice Beach (studio to 3 BHK), and the upcoming Al Marjan Beach. Project deliveries are scheduled between Q2 2027 and Q4 2028.
The business model is built on off-plan property sales, typically structured through a 60/40 payment plan (60% during construction, 40% on handover), with direct online purchase via the company website and a RERA-certified Channel Partner broker network handling indirect distribution. Customer segmentation targets high-net-worth investors seeking 20-25% projected annual appreciation and 10-12% rental yields, luxury end-user residents, and tourism-linked buyers capitalizing on the upcoming $5.2 billion Wynn Al Marjan Island resort and projected 1.36 million annual visitors to RAK. Go-to-market leverages flagship celebrity brand partnerships (Francesco Totti for Manta Bay, Patrice Evra for Colibri Views), direct field sales, and structured content marketing across website, social, and PR channels.
Operationally, Major Developments partners with master developer Marjan for freehold land access on Al Marjan Island, Federal Engineering Consultants for project engineering, and Civil Power General Contracting LLC as enabling contractor. Revenue is not publicly disclosed and the company is founder-controlled under CEO Andrei Charapenak; no institutional investors, parent entities, or public-market listing have been identified in the available source material.
Major Developments firmographics
Firmographics- Name
- Major Developments
- Legal name
- Major Real Estate Investment and Development LLC
- Website
- https://majordevelopments.ae
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Major Developments is a Dubai-headquartered UAE luxury real estate developer building branded waterfront residences on Al Marjan Island and RAK Central, with a portfolio exceeding AED 10 billion across projects including Manta Bay, Colibri Views, Ice Beach, and Al Marjan Beach, serving high-net-worth investors and end-user residents via off-plan sales and a RERA-certified broker network.
- Ownership category
- akta.pro rank
Major Developments industry classification
Industry- Product category
- Luxury Residential Real Estate Development
- NAICS
- New Housing For-Sale Builders (236117), Residential Building Construction (23611), New Multifamily Housing Construction (except For-Sale Builders) (236116)
- SIC
- Operative Builders (1531), Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Residential Luxury / High-End Home Construction (IMAFABAJ)
- akta.pro secondary industries
- Luxury Beachfront & Waterfront Villas (THAMAEAE), Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB), New Construction & Builder Sales (BPAJAAAB)
Keywords
Where Major Developments is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices1 record
Markets served
Major Developments business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Marketing or Sales, Personnel, Technology or R&D
Revenue model
- Off-Plan Property Sales: Revenue generated from pre-sales of luxury residential properties before construction completion. Manta Bay project valued at AED 1 billion with 450 units priced from Dh1.2 million. First phase nearly sold out.
- Flexible Payment Plans: Company offers 60/40 payment plan for property purchases, providing financing flexibility that drives sales conversion while maintaining cash flow during development phases.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | Manta Bay - Starting prices |
| Unit Pricing | Pay-as-you-go | Short-term Rental Income Potential |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Major Developments product offering
Product offeringCore offering
Major Developments develops luxury residential and mixed-use properties, primarily branded residences and waterfront developments on Al Marjan Island in Ras Al Khaimah, UAE. The company offers end-to-end real estate development services from concept and design coordination through construction oversight to sales and after-sale support. Its portfolio includes the AED 1 billion Manta Bay project (450 units), Colibri Views wellness tower, Ice Beach, and the upcoming Al Marjan Beach project, sold as off-plan units through direct online sales and a formal channel partner network.
Product overview
Major Developments is a UAE-based real estate development company that delivers a complete solution for real estate projects from initial concept through completion and handover to after-sale maintenance and support. The company's portfolio consists of luxury branded residential developments including Manta Bay (AED 1 billion waterfront project on Al Marjan Island featuring the world's first rooftop beach), Colibri Views (wellness-focused residential tower in RAK Central), Ice Beach (modern residential on Al Marjan Island), and the upcoming Al Marjan Beach project. The company operates across hospitality, residential, and commercial sectors, with projects spanning iconic and emerging destinations in Ras Al Khaimah and the UAE.
Differentiator
Problem solved
Functional benefit
Products and services
- Manta Bay AED 1 billion luxury waterfront residential development on Al Marjan Island, Ras Al Khaimah, comprising 450 residential units with prices starting from Dh1.2 million. Features the world's first rooftop sandy beach at nearly 60 metres above sea level. Developed in partnership with Francesco Totti offering limited signature residences. Includes panoramic sea views, private beach access, state-of-the-art wellness center, and is positioned beside the soon-to-open Wynn Resort. Handover targeted for Q2 2027.
- Colibri Views Award-winning residential tower in RAK Central centred on wellness living, featuring the world's first wellness feature designed by project partner Patrice Evra (former Manchester United Champion and French Football Team Captain). Offers smart residences with modern interiors, a Sky Observatory Deck with uninterrupted views of the Arabian Sea, Al Hamra Golf Course, and Wynn Al Marjan Island. Branded residence product type with handover targeted for Q4 2028.
- Ice Beach Modern residential project on Al Marjan Beach, RAK, UAE offering contemporary living spaces with studio to 3 BHK apartments in a vibrant community. Handover targeted for Q4 2027.
- Al Marjan Beach Coming soon residential project on Al Marjan Island, RAK, UAE offering studio to 3 BHK apartments with breathtaking views in a vibrant community.
Quantifiable outcome
- Projected 20-25% property appreciation per annum for first three years at Manta Bay
- +4 more outcomes
Companies that use Major Developments
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Major Developments technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Major Developments partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and flagship.
- MarjancoreMaster developer of freehold properties in Ras Al Khaimah. Hosted groundbreaking ceremony for Manta Bay on Al Marjan Island. Arch. Abdulla Al Abdouli, CEO of Marjan, highlighted the strategic importance of the location for luxury developments.
- Federal Engineering ConsultantscoreEngineering consultancy for Manta Bay project ensuring quality and innovation. Dr. Walid Lutfy, Founder, stated the firm will ensure the development stands out in terms of quality and sets new standards for luxury real estate.
- Civil Power General Contracting LLC (CPC)coreEnabling contractor handling site preparation and groundworks for Manta Bay. Completed soil investigation, topography survey, dewatering, piling works, and foundation works. Currently progressing above ground floor slab.
- Francesco TottiflagshipPartnership with former AS Roma Legend and Italian National Team Captain for Limited Signature Residences at Manta Bay project. The collaboration brings international sports celebrity endorsement to the luxury development.
- Patrice EvraflagshipProject partner for Colibri Views, designing the world's first wellness feature in a residential development. Former Manchester United Champion and French Football Team Captain brings wellness expertise and brand prestige.
Scale indicators13 records
Recent moves6 records
Expansion highlights5 records
Major Developments competitors and assessment
Company assessmentBroad incumbents
- Emaar Properties: Emaar is the UAE's largest developer (Burj Khalifa, Downtown Dubai). While its portfolio is broader, its luxury off-plan branded-residence segment (e.g., Address, Missoni partnerships) directly overlaps with Major Developments' go-to-market in the UAE luxury segment.
- Nakheel: Nakheel is a Dubai-based master developer (Palm Jumeirah, Deira Islands) with significant luxury residential exposure. Comparable on UAE luxury off-plan segment, though at master-developer scale and broader portfolio than Major Developments.
- Aldar Properties: Aldar is Abu Dhabi's largest listed developer with a growing luxury residential portfolio. Comparable as a UAE-based luxury developer targeting premium off-plan buyers, though at significantly larger scale and broader geographic footprint.
Direct peers
- Tiger Properties: Tiger Properties is a Dubai-based off-plan luxury developer targeting HNW international investors with payment-plan-driven sales. Comparable on off-plan motion, payment-plan structure (60/40), and international buyer focus.
- Omniyat: Omniyat is a Dubai-based ultra-luxury developer known for iconic, architect-distinguished branded residences (e.g., The Opus, One at Palm). Comparable on luxury positioning, branded-residence model, and architectural differentiation strategy.
- Sobha Realty: Sobha Realty is a Dubai-headquartered luxury developer focused on premium off-plan residences with strong international HNW buyer marketing. Comparable to Major Developments on luxury positioning, off-plan sales motion, and project-based revenue model.
- Select Group: Select Group is a UAE-based luxury developer operating primarily in Dubai Marina and Ras Al Khaimah, with branded waterfront residences. Highly comparable on RAK market exposure, luxury waterfront positioning, and project scale.
- Dar Global: Dar Global is a Saudi-listed luxury international developer with UAE operations, known for branded residences with celebrity partners (Elton John, Versace, Bugatti). Directly comparable on celebrity co-branded luxury residences and HNW buyer targeting.
- RAK Properties: RAK Properties is the emirate's flagship listed developer with deep residential exposure across Ras Al Khaimah. The most direct comparable on geographic focus (RAK), residential development model, and waterfront positioning on Al Marjan Island.
- DAMAC Properties: DAMAC is one of the largest UAE luxury off-plan developers and a pioneer of celebrity-branded residences (e.g., Trump, Versace, Cavalli collaborations). Directly comparable to Major Developments on luxury off-plan, celebrity co-branding, and high-net-worth buyer targeting.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks7 records
Key highlights7 records
Customer concentration
Major Developments social profiles
Digital presenceMajor Developments financial estimates
Financial estimateRevenue estimate
Valuation estimate
Major Developments leadership team
Management profileNumber of profiles
Profiles2 records
Major Developments funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Major Developments M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Major Developments
What does Major Developments do?
Major Developments develops luxury residential and mixed-use properties, primarily branded residences and waterfront developments on Al Marjan Island in Ras Al Khaimah, UAE. The company offers end-to-end real estate development services from concept and design coordination through construction oversight to sales and after-sale support. Its portfolio includes the AED 1 billion Manta Bay project (450 units), Colibri Views wellness tower, Ice Beach, and the upcoming Al Marjan Beach project, sold as off-plan units through direct online sales and a formal channel partner network.
Is Major Developments a public or private company?
Major Developments is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Major Developments founded?
Major Developments was founded in 1993. It employs 51 to 100 people.
Where is Major Developments based?
Major Developments is headquartered in Dubai, United Arab Emirates, in the Middle East region.
How does Major Developments make money?
Two revenue lines are on record. Off-Plan Property Sales are the primary driver. The others are flexible Payment Plans.
Who are Major Developments's main competitors?
Broad incumbents on record are Emaar Properties, Nakheel and Aldar Properties. Direct peers are Tiger Properties, Omniyat, Sobha Realty, Select Group, Dar Global, RAK Properties and DAMAC Properties.
Does Major Developments have an API?
No public API is recorded for Major Developments.
What industry is Major Developments in?
Major Developments's product category is Luxury Residential Real Estate Development. Its primary akta.pro industry code is IMAFABAJ, Residential Luxury / High-End Home Construction, with a secondary code of THAMAEAE, Luxury Beachfront & Waterfront Villas. Its NAICS code is 236117 and its SIC code is 1531.