News related to
Ras Al Khaimah

The developments will be led by Manrre Developments, a joint venture between GFH and Palmon Group, a seasoned UAE-based industrial conglomerate with over 40 years of institutional experience. This partnership unites proven regional expertise across acquisition, planning and design, development, execution, and operational readiness to deliver exceptional, future-ready warehouses and logistics centres.

Harry Ip, Managing Director of Gaw Capital, said, “We are thrilled to enter UAE’s flourishing industrial and logistics market, supported by strong fundamentals, the surge in structural demand driven by government-led initiatives, and heightened global interest in the logistics and industrial asset class. Leveraging the expertise from GFH Partners, this partnership positions us as one of Asia’s leading forerunners in delivering prime industrial facilities in the UAE, providing investors with exposure to a fundamentally undersupplied market.”

Nael Mustafa, CEO of GFH Partners, commented, “GFH Partners brings on-the-ground specialists, experienced local operators, and a strong track record managing logistics and industrial assets across the GCC. This joint venture allows us to scale that regional expertise even further, capitalizing on the UAE’s robust industrial growth trajectory. Through this partnership with Gaw Capital, we are combining regional insight with global capability to unlock new opportunities in the UAE’s expanding industrial and logistics sector.”

The Platform is being launched at a time of strong macroeconomic momentum, supported by the UAE’s long-term development strategies including the Dubai Industrial Strategy 2030 and the Dubai 2040 Urban Master Plan. Majority of these initiatives are aimed at accelerating industrial diversification, attracting FDI, and expanding logistics infrastructure. The local government offers a list of pro-business regulatory and fiscal policies, including tax exemptions, customs duty exemption, simplified regulations in 40+ free zones, and relaxed foreign ownership limitation, to accelerate logistics demand and investment. Furthermore, the population of the UAE has experienced dramatic growth and is expected to reach 12.2 million by 2030, driven by the long-term residency incentives (e.g. Golden Visa), competitive tax regime, openings of prestigious school campuses for expatriate professional and family relocation.

Demand for logistics and industrial assets remains robust, supported by a persistent supply–demand imbalance. Dubai’s warehouse and logistics occupancy currently exceeds 97%, with rental rates increasing 33% year-on-year. The formation of the Platform will mark Gaw Capital’s first geographic footprint in the logistics sector in the UAE, demonstrating its global network and cross-border expertise in accessing industrial and logistics investments ahead of the curve.

Gaw Capital has established a robust logistics footprint across China, Japan, South Korea, Vietnam and Australia, with investments in 39 projects totalling approximately 3.8 million sqm of GFA. As of Q3 2025, Gaw Capital manages over US$3.4 billion in assets under management in its global logistics portfolio.

Since 2014, the firm has acquired, developed, and managed a substantial portfolio of modern logistics facilities with over 3 million sqm of GFA across China, supported by a team of around 100 professionals through 4 investment vehicles. Leveraging its deep expertise, Gaw Capital has expanded into other APAC markets through strategic partnerships, acquiring high-quality assets in key metropolitan hubs. Recent investments include seven logistics assets in Greater Tokyo (nearly 250,000 sqm GFA), one in Seoul (over 75,000 sqm GFA), two in Vietnam (over 210,000 sqm GFA) and six urban industrial and logistics warehouses in Sydney (over 45,000 sqm GFA). The firm’s in-house teams and operating partners deliver value-added services across the logistics value chain, including development, construction, leasing, and property management.
Hashtag: #GawCapitalPartners #GFHPartners

The issuer is solely responsible for the content of this announcement.

About Gaw Capital Partners

Based in Asia, Gaw Capital Partners is a multi-asset investment management firm focusing on real estate, growth equity, private credit and infrastructure markets globally.

Since its inception in 2005, the firm has raised seven commingled funds targeting Asia Pacific, alongside value-add /opportunistic funds in the U.S., a Pan-Asia Hospitality Fund, a European Hospitality Fund, a Growth Equity Fund and a Credit Fund. It also manages credit strategies and separate account direct investments globally.

Gaw Capital has consistently generated high yields by revitalizing underperforming assets, enhancing value through creative financing solutions and leveraging deep expertise in capital allocation.

Since 2005, the firm has managed US$35.8 billion in assets and raised US$24.4 billion in equity as of Q2 2025.

About GFH Partners Ltd.

GFH Partners Ltd. (“GFH Partners”) is the DIFC-based global asset management subsidiary of GFH Financial Group B.S.C. (“GFH”). Headquartered in Dubai International Financial Centre and regulated by the Dubai Financial Services Authority, GFH Partners is dedicated to real estate investment and asset management across diverse markets. With assets under management exceeding US$7 billion and investments spanning the US, UK, and GCC. GFH Partners focuses on strategic partnerships and innovative real estate solutions, reinforcing its role as a leading player in global asset management.

Ras Al Khaimah ushered in 2026 with a choreographed New Year’s Eve display that combined fireworks and drone technology on a scale not previously attempted in the emirate, securing a Guinness World Records title for the largest aerial image of a phoenix formed by multirotor drones. The 15-minute presentation unfolded along the waterfront, drawing large crowds and positioning the northern emirate at the centre of global attention as midnight celebrations rolled across time zones.

Officials confirmed that thousands of drones were deployed in tightly synchronised formations above the coast, producing a series of animated images that culminated in the phoenix, a symbol chosen to reflect renewal and ambition. The aerial sequence was interwoven with precision fireworks launched from multiple barges and shoreline points, creating a layered effect across sea and sky. Guinness adjudicators on site verified the specifications shortly after the display concluded, confirming the new benchmark had been met.

The event formed part of Ras Al Khaimah’s wider strategy to build a reputation for large-scale, family-friendly celebrations that draw international visitors beyond the traditional holiday hotspots. Organisers said months of preparation were required to coordinate aviation safety, maritime controls and public access, with authorities temporarily restricting airspace and marine traffic during the performance window. Emergency services and transport agencies operated under special plans to manage the influx of spectators along the coastal stretch.

Tourism officials described the New Year event as a showcase of how technology is reshaping public celebrations worldwide. Drone-based performances have grown rapidly over the past decade as an alternative to fireworks, offering reusable hardware, programmable precision and reduced debris. By combining both elements, the emirate aimed to deliver visual impact while demonstrating technical capability. Industry specialists note that such hybrid shows demand advanced software, redundant navigation systems and real-time monitoring to avoid collisions or signal loss.

Local hospitality operators reported strong occupancy across hotels and resorts, with restaurants and public viewing areas reaching capacity well before midnight. The celebrations extended across several zones, allowing visitors to experience the show from beaches, promenades and elevated vantage points. Authorities encouraged spectators to use public transport and designated parking areas to ease congestion, a measure that helped maintain steady pedestrian flows before and after the countdown.

The Guinness title adds to a growing list of high-profile achievements used by destinations to differentiate themselves in a competitive tourism market. Record-driven events have become a common tool to generate global media coverage and social media traction, though experts caution that they require careful balancing of spectacle, safety and sustainability. In this case, organisers highlighted the use of digitally controlled drones to minimise environmental impact compared with traditional fireworks-only displays, while acknowledging that pyrotechnics remain a key draw for audiences.

Cultural planners involved in the programme said the phoenix motif was selected to resonate across diverse audiences while aligning with the emirate’s long-term development narrative. The animated sequence depicted the bird rising and spreading its wings before dissolving into abstract patterns, followed by a countdown rendered in light above the water. Fireworks then traced the skyline in timed bursts, synchronised to a musical score broadcast along the shore.

The success of the event is likely to influence planning for future festivals and national celebrations, both within the emirate and across the region. Drone show providers are already expanding fleets and investing in higher-capacity batteries, brighter LEDs and more resilient communications links to support increasingly complex formations. Analysts say destinations that master these capabilities early can scale performances quickly for major occasions.

BNW Developments has unveiled the Tonino Lamborghini Residences on Al Marjan Island, marking the first time the Italian luxury lifestyle brand has anchored a residential project in Ras Al Khaimah and setting a new benchmark for branded waterfront living in the northern emirate. The launch positions the privately held developer behind what it describes as Ras Al Khaimah’s largest private real estate venture at the centre of a market drawing growing international investor interest.

The project brings together BNW Developments and Tonino Lamborghini, the brand founded by the son of the legendary Italian carmaker, to deliver a design-led residential community that blends Italian heritage with contemporary coastal architecture. Planned as a large-scale, master-planned development, the residences are set on Al Marjan Island, a man-made archipelago that has emerged as the emirate’s most prominent tourism and lifestyle hub.

Executives involved in the announcement said the collaboration reflects a deliberate strategy to move beyond conventional luxury offerings towards globally recognised branded residences that command long-term value. For Ras Al Khaimah, the development underscores a shift towards higher-end projects aligned with the emirate’s tourism and economic diversification agenda, particularly as hospitality, leisure and residential segments converge along the coastline.

The Tonino Lamborghini Residences are being positioned as ultra-luxury waterfront homes, with interiors inspired by Italian craftsmanship and modern European aesthetics. Design elements are expected to reflect the brand’s signature language, incorporating bespoke materials, curated finishes and lifestyle-focused amenities. While detailed specifications and unit pricing have not been formally disclosed, the developer has indicated that the project targets high-net-worth buyers seeking branded homes with strong rental and capital appreciation potential.

BNW Developments has expanded rapidly within Ras Al Khaimah’s real estate sector, capitalising on policy reforms, infrastructure spending and rising tourism flows. Al Marjan Island, in particular, has become a focal point for premium residential and hospitality investments, supported by new resorts, entertainment attractions and improved connectivity. Property consultants tracking the market say branded residences on the island are increasingly appealing to overseas buyers from Europe, Asia and the wider Middle East, drawn by comparatively attractive entry prices and long-term growth prospects.

The arrival of Tonino Lamborghini adds another internationally recognised name to the island’s evolving skyline, reinforcing a trend in which global lifestyle brands are lending their identity to residential projects across the UAE. Analysts note that branded developments typically command a premium over non-branded counterparts, supported by perceived quality assurance, curated services and brand-driven design consistency.

Industry observers also point to Ras Al Khaimah’s regulatory environment and measured approach to development as factors supporting sustained demand. Unlike more saturated markets, the emirate has emphasised phased growth, balancing tourism expansion with residential supply. This has helped maintain pricing discipline while attracting developers focused on differentiated offerings rather than volume-led construction.

For BNW Developments, the Tonino Lamborghini partnership is intended to elevate its profile beyond a regional developer into a player capable of executing globally benchmarked luxury projects. Company officials have described the residences as a long-term investment in brand equity, aligning the developer with an internationally known lifestyle name while contributing to the emirate’s ambition to compete with established luxury destinations.

Tonino Lamborghini’s leadership has framed the project as a natural extension of the brand’s presence in hospitality, accessories and interior design, translating its identity into a residential environment shaped by coastal living. The brand’s involvement is expected to extend beyond naming rights to include design oversight and lifestyle integration, a factor often scrutinised by buyers in the branded residences segment.

Ras Al Khaimah has faced one of the most intense rainfall episodes in its recorded history, with official gauges measuring up to 127 millimetres across two days as a powerful storm system swept the northern emirates. The deluge exceeded the emirate’s typical annual average, overwhelming drainage networks and triggering flash flooding in low-lying and mountainous areas.

Authorities said the heaviest downpours were concentrated around Mina Saqr, Jebel Al Rahibah and the upper reaches of Jebel Jais, where steep terrain funnelled runoff into wadis and access roads. Several residential districts reported water entering homes and ground floors, while industrial zones near the coast saw yards and warehouses inundated. Emergency crews were deployed through the night to clear debris, pump water and assist stranded motorists.

Meteorological data show that the system delivered short bursts of exceptionally intense rainfall, a pattern that hydrologists say increases flood risk even where total volumes might otherwise be manageable. In the mountains, rainfall totals were uneven but locally extreme, with gauges registering more than a year’s worth of rain over 48 hours. The combination of saturated ground and rapid runoff led to temporary road closures and landslides on feeder routes to higher elevations.

Officials from civil defence and municipal services said no fatalities had been reported, though injuries were treated at local hospitals and several families were temporarily relocated as a precaution. Schools in affected zones shifted to remote learning for a day while assessments were carried out. Power and water supplies were largely maintained, though brief outages were recorded in pockets where substations were flooded.

The storm formed as moist air from the Arabian Sea collided with a slow-moving upper-level trough, creating prolonged convective activity over the UAE’s north. Weather specialists noted that while heavy rain events are not unprecedented, the persistence and concentration over Ras Al Khaimah set this episode apart. Satellite imagery showed successive storm cells tracking along the same corridor, repeatedly dumping rain over the same catchments.

Urban planners and climate scientists say the episode underlines growing exposure to extreme weather in arid regions. Studies of the Gulf’s climate indicate a tendency towards more erratic rainfall, with longer dry spells punctuated by intense storms. Such shifts challenge infrastructure designed around historical averages, particularly drainage systems sized for shorter, lighter showers.

Ras Al Khaimah’s leadership said post-storm reviews would examine drainage capacity, early-warning protocols and land-use planning in flood-prone areas. Investment in wadis management and retention basins has increased in recent years, but officials acknowledged that rapid development and changing rainfall patterns require constant reassessment. Work crews were already clearing silt from channels and inspecting culverts to restore full flow capacity.

Residents described scenes of fast-moving water sweeping through streets and wadis within minutes of the heaviest rain. In mountain communities, drivers abandoned vehicles as torrents crossed roads, while hikers on Jebel Jais were escorted to safety by rescue teams once conditions allowed. Authorities reiterated advisories against entering wadis during storms, warning that flows can rise without notice far downstream from where rain is falling.

Insurance providers said claims assessments were under way, with early indications pointing to damage to vehicles, ground-floor properties and small businesses. Analysts noted that insurance penetration for flood damage remains uneven, leaving some households reliant on emergency assistance and community support. Local charities and volunteer groups organised relief supplies, including pumps and cleaning equipment, to help affected families return to their homes.

The episode has also prompted renewed discussion about data sharing and public communication. Meteorologists said advances in radar and nowcasting allow for more precise warnings, but effective response depends on rapid dissemination and public trust. Authorities credited social media alerts and mobile notifications with reducing exposure, though they acknowledged that compliance varies, particularly among motorists accustomed to short-lived showers.

Abu Dhabi National Hotels, a leading hospitality investment and management company in the UAE, has made a significant move into Ras Al Khaimah’s burgeoning luxury real estate sector. The company has officially announced the launch of The Residences at Nasim Al Bahr, part of the prestigious Luxury Collection Resort & Spa located on Al Marjan Island. This waterfront development is valued at Dhs3 billion and represents a major step for ADNH in diversifying its portfolio to include high-end residential properties.

Designed to offer an elevated living experience, The Residences at Nasim Al Bahr combines contemporary architectural design with premium amenities, setting a new standard for luxury in the region. The project is poised to cater to a growing demand for exclusive residential options in Ras Al Khaimah, which is rapidly becoming a sought-after destination for affluent buyers looking for both tranquillity and luxury living close to nature and world-class leisure offerings.

Located in one of the most picturesque areas of Ras Al Khaimah, the development aims to integrate seamlessly with its surroundings while providing residents with unparalleled access to the resort’s vast amenities, including a luxurious spa, gourmet dining options, and recreational facilities. The residential complex is part of a wider trend in the UAE, where demand for upscale properties, particularly those offering a mix of leisure and residential facilities, has surged in recent years.

The development is not only a milestone for ADNH but also a reflection of the broader trends shaping the UAE’s real estate market. The emirate of Ras Al Khaimah has long been known for its pristine landscapes, including its beaches, mountains, and desert terrain. As a result, luxury developments, particularly those offering panoramic views and exclusive features, have become increasingly popular among investors, both locally and internationally.

According to industry experts, the success of this development hinges on its ability to cater to an increasingly sophisticated clientele seeking privacy, comfort, and luxury in a serene environment. This move into Ras Al Khaimah comes as part of ADNH’s strategy to tap into the growing demand for luxury properties that cater to high-net-worth individuals and families seeking to invest in the UAE’s most prestigious residential locations.

Ras Al Khaimah has witnessed notable growth in its real estate sector in recent years, thanks to a series of strategic initiatives by the local government to promote the emirate as a hub for both tourism and high-end residential developments. The launch of The Residences at Nasim Al Bahr comes at a time when the UAE’s northern emirates are gaining increasing attention from investors, further diversifying the real estate landscape beyond the traditionally dominant markets of Dubai and Abu Dhabi.

This project also complements the UAE’s broader ambition to expand its luxury tourism and hospitality sectors, positioning itself as a global leader in high-end living and leisure experiences. The addition of The Residences to the portfolio of the Luxury Collection Resort & Spa is expected to attract a diverse range of international buyers, who are increasingly looking beyond the major urban centres for exclusive and private residences.