As Ras Al Khaimah (RAK) accelerates its transformation right into a world-class life-style and funding hub, ELEVATE and Ennismore are bringing some of the design-forward branded residences to the UAE: Mondrian Al Marjan Island Seashore Residences. With a improvement worth of AED 1.8 billion and structure led by international heavyweights Gensler and Bergman Design Home, the challenge is positioned not solely to reshape coastal luxurious however to redefine how traders understand branded residential property in rising life-style locations.
For ELEVATE, One Group’s new life-style actual property arm the challenge marks a strategic debut within the UAE, aligning with a USD 1 billion improvement pipeline deliberate over the following 12 months. Mondrian’s arrival on Al Marjan Island reinforces a broader market shift towards experiential residential dwelling, the place hospitality, design, group, and comfort merge right into a single worth proposition.
A brand new benchmark for branded residential investments
The rise of branded residences continues to outperform conventional prime actual property globally. In line with Knight Frank’s 2024 International Branded Residences Report, the sector has grown 160% over the previous decade, with the Center East rating among the many world’s fastest-expanding markets. The UAE, lengthy aligned with international luxurious manufacturers, continues to see sturdy demand for initiatives that mix hospitality with residential possession, particularly amongst worldwide traders.
Mondrian Al Marjan Island Seashore Residences enters this panorama as a standout proposition. That includes 343 residences throughout three collections The Residences, The Entrance Row Assortment, and The Sky Assortment the event combines design ambition with five-star hospitality efficiency. Costs begin from AED 2.55 million with a 60:40 construction-to-handover plan, making a balanced long-term entry level for regional and abroad patrons. The crown jewel of the event is the ‘Sky Mansion’. Boasting 10,000 sq. ft of dwelling space, 28 ft ceiling heights, a non-public roof backyard and infinity pool with panoramic ocean and Wynn on line casino views. The property is listed at $10,080,000.
The challenge’s worth is amplified by Ennismore’s international ecosystem. Householders achieve Accor Platinum Standing, unlocking preferential entry to greater than 5,600 motels worldwide, an incentive more and more enticing to frequent enterprise travellers and international life-style traders.
Design, wellness, and hospitality at institutional requirements
The design narrative of the challenge is led by Gensler and Bergman Design Home, two companies recognized for his or her function in shaping cultural landmarks and luxurious residential icons worldwide. Their mixed method has reworked the event right into a dwelling gallery, the place sculptural varieties, curated textures, and luminous palettes create a seamless circulation between artwork and architectural operate.
Residents will entry greater than 60,000 sq.ft. of facilities, together with boardrooms, lounges, wellness zones, sky swimming pools, a beachfront F&B vacation spot, and the area’s first Fi’lia Seashore—a part of the award-winning female-led Italian eating idea. Excessive above the Gulf, the Infinity Sky Pool will sit 200+ ft over sea stage, establishing a brand new visible signature for the emirate’s coastal skyline.
Why Ras Al Khaimah? The funding case
Ras Al Khaimah has emerged as one of many area’s most compelling actual property funding tales. A number of macroeconomic indicators reinforce its rising enchantment:
- Tourism Progress: In line with RAK Tourism Improvement Authority, customer numbers grew 24% year-on-year in 2023, with continued double-digit momentum in 2024 pushed by international hospitality openings and upcoming leisure initiatives.
- Capital Appreciation: Actual property transactions on Al Marjan Island have surged considerably, with brokers reporting double-digit worth development over the previous 18 months resulting from escalating worldwide curiosity and restricted beachfront stock.
- Future Demand Drivers: The upcoming built-in gaming and leisure district is projected to draw hundreds of thousands of annual guests, positioning RAK as a serious leisure economic system within the area.
For traders, RAK now represents a strategic various to Dubai: decrease entry costs, increased yield potential, and substantial long-term capital upside. Mondrian’s arrival additional accelerates this momentum, as branded residences usually obtain 30–40% worth premiums over non-branded properties globally (Knight Frank, 2024).
A cultural landmark within the making
Mondrian Al Marjan Island Seashore Residences will function greater than a luxurious deal with—it’s designed as a cultural hub and life-style vacation spot. With its mix of hospitality experience from Ennismore, improvement imaginative and prescient from ELEVATE, and design innovation from world-renowned studios, the challenge embodies the longer term route of the UAE’s northern emirate: daring, progressive, and investment-focused.
As Zeeshaan Shah, Founding father of ELEVATE, states, “Mondrian Al Marjan Island isn’t just a residence – it’s a philosophy of elevated dwelling.”
For traders and international residents in search of a foothold in one of many area’s fastest-rising coastal markets, Mondrian Al Marjan Island Seashore Residences stands because the defining alternative of Ras Al Khaimah’s new period.
