--- title: "Major Developers" canonical: https://www.uaepropertyagents.com/developers/major-developers markdown: https://www.uaepropertyagents.com/md/developers/major-developers.md type: developer description: "A young private developer, now trading as Major Developments, whose first project is Manta Bay on Al Marjan Island; it has not yet completed a building." last_verified: 2026-11-12 sources: 4 publisher: "UAE Property Agents (Omnia)" language: en-GB usage: "You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting." --- # Major Developers: developer profile > A young private developer, now trading as Major Developments, whose first project is Manta Bay on Al Marjan Island; it has not yet completed a building. Facts last verified 12 November 2026 against the sources listed at the end. ## Key facts | Fact | Value | | --- | --- | | Legal name | Major Real Estate Investment and Development LLC | | Headquarters | Marina Plaza, Dubai Marina, Dubai | | Ownership | Privately held | | Website | https://majordevelopments.ae | | Market segment | premium | | Builds in | Ras Al Khaimah | | Developments covered | 0 | | Manta Bay | 450 units (launch figure) | | Completed projects | None as of November 2026 | ## Overview Major Developers is a privately held, UAE-based company led by chief executive Andrei Charapenak, with an office in Marina Plaza, Dubai Marina. Its website and recent press releases use the name Major Developments, and the legal entity shown is Major Real Estate Investment and Development LLC. We could not establish its founding date or its shareholders from public sources, and it publishes no accounts. All of its announced projects are in Ras Al Khaimah. Manta Bay, on Al Marjan Island, was unveiled in April 2024 as a AED 1 billion scheme of 450 apartments priced from AED 1.2 million, promoted around a rooftop beach with its own sand and seawater. Colibri Views, at RAK Central, is marketed as branded residences. In December 2025 the company signed a land agreement with Marjan, the master developer of the area, for a third project at Marjan Beach, which its website lists as Ice Beach, coming soon. The marketing leans on record claims and on sports personalities: the chief executive has said he wants a world record with each project, and the website names the footballers Francesco Totti and Patrice Evra as brand partners. There is no delivery record. When Manta Bay was launched, the developer said construction had begun and targeted completion for the end of 2026. Its website now gives handover as the second quarter of 2027, so the first project is running later than first advertised. Colibri Views is listed for the fourth quarter of 2028. The website does not describe its payment plans. At launch the chief executive told Khaleej Times that prices could rise by up to 70% before completion. That is a sales claim, not a forecast anyone should rely on. ## Strengths - Its land is contracted with Marjan, the master developer of freehold property in Ras Al Khaimah, including a further plot at Marjan Beach signed in December 2025. - Manta Bay is on Al Marjan Island, where the Wynn resort is being built and is expected to open in September 2027. - Launch pricing was published, from AED 1.2 million at Manta Bay in April 2024, which gives later buyers a reference point for resale asking prices. ## Considerations for buyers - No completed project. Manta Bay is its first, and its handover has moved from the end of 2026, as stated at launch, to the second quarter of 2027 on the developer's website. - We could not establish who owns the company or when it was founded, and it publishes no financial information. Protection for a buyer rests on escrow and on verified construction progress. - Features such as a rooftop beach with seawater are costly to build and to run. Ask for the service charge estimate and who will operate the amenity after handover. - The chief executive's statement that values could rise by up to 70% before completion is marketing. Ras Al Khaimah has a large pipeline due around the same time, and nothing supports a figure like that. - All three announced projects are in Ras Al Khaimah and timed around the Wynn opening, so the developer has no diversification if that market softens. ## Questions and answers ### Has Major Developers completed any projects? No. As of November 2026 it has not completed a building. Its first project, Manta Bay on Al Marjan Island, is listed on the developer's website for handover in the second quarter of 2027. ### When will Manta Bay be handed over? The developer's website gives the second quarter of 2027. When the project was launched in April 2024 the target was the end of 2026, so the date has slipped. ### Is Major Developers the same as Major Developments? Yes. The company's website and recent press releases use the name Major Developments, and the legal entity shown is Major Real Estate Investment and Development LLC. Earlier coverage and many listings use Major Developers. ### Where does Major Developers build? Only in Ras Al Khaimah so far: Manta Bay on Al Marjan Island, Colibri Views at RAK Central and a planned project at Marjan Beach. Its office is in Dubai Marina. ## Sources Facts on this page were last checked against these sources on 12 November 2026. - [Major Developments official website](https://majordevelopments.ae/) - [Khaleej Times: World's highest rooftop beach to be built on Al Marjan Island (30 April 2024)](https://www.khaleejtimes.com/business/property/uae-worlds-highest-rooftop-beach-to-be-built-on-raks-al-marjan-island) - [Marjan press release: Major Developments announces residences on Marjan Beach (23 December 2025)](https://marjan.ae/press-releases/uae-based-major-developments-announces-new-luxury-residences-on-marjan-beach-raks-most-ambitious-coastal-destination) - [Gulf Construction: Wynn Al Marjan Island opening expected September 2027 (5 August 2026)](https://gulfconstructiononline.com/ArticleTA/466177) --- Source page: https://www.uaepropertyagents.com/developers/major-developers. Published by UAE Property Agents, Omnia Capital Group. You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting.