Mondrian Al Marjan Island: A New Beacon of Luxury in Ras Al Khaimah
An Ambitious Development
Ras Al Khaimah (RAK) is rapidly transforming into a premier lifestyle and investment destination, with the introduction of the Mondrian Al Marjan Island Beach Residences by ELEVATE and Ennismore. Valued at AED 1.8 billion, this ambitious project boasts collaboration with renowned architectural firms Gensler and Bergman Design House, aiming to set a robust new standard for coastal luxury in the region. More than just an upscale living space, it is designed to change perceptions around branded residential investments in up-and-coming lifestyle hubs.
A Strategic Entry into the UAE Market
For ELEVATE, the newly launched lifestyle real estate arm of One Group, this project symbolizes its strategic entry into the UAE market, an area poised for significant growth with a planned development pipeline exceeding USD 1 billion over the next year. The arrival of Mondrian aligns with a broader shift towards experiential living—where the fundamentals of hospitality, design, community, and convenience merge into a compelling offering for homeowners and investors alike.
Setting a New Benchmark
Branded residences are outpacing traditional prime real estate markets, with a notable 160% growth over the last decade, according to Knight Frank’s 2024 Global Branded Residences Report. The UAE, especially, continues to attract global luxury brands and investors seeking a mix of hospitality and residential ownership, making it one of the fastest-growing markets in this category.
The Mondrian Al Marjan project presents a remarkable opportunity with 343 residential units divided into three unique collections: The Residences, The Front Row Collection, and The Sky Collection. With prices starting at AED 2.55 million and a manageable construction-to-handover payment schedule of 60:40, it appeals to both local and international buyers. The standout feature, the ‘Sky Mansion,’ offers a lavish 10,000 square feet of living space, complete with soaring ceilings, a private rooftop garden, and an infinity pool overlooking the ocean and the Wynn casino. It is listed for $10,080,000.
Exclusive Benefits for Homeowners
The allure of this development is further magnified by its inclusivity in Ennismore’s global ecosystem. Homeowners will receive Accor Platinum Status, granting them preferential access to over 5,600 hotels globally—an appealing proposition for frequent travelers and global investors looking for lifestyle benefits.
Design and Wellness: A Harmonious Blend
The architectural narrative of Mondrian Al Marjan Island is crafted by Gensler and Bergman Design House, firms celebrated for their transformative contributions to cultural landmarks and luxury residences worldwide. Their joint efforts promise to turn the space into a living art gallery, characterized by sculptural designs, curated textures, and vibrant palettes.
Residents will enjoy an extensive 60,000 square feet of amenities, which include boardrooms, lounges, wellness areas, and sky pools, alongside a beachfront dining destination. Notably, the region’s first female-led Italian dining concept, Fi’lia Beach, adds a unique culinary experience to the offering. Suspended over the azure Gulf, the Infinity Sky Pool rises more than 200 feet above sea level, promising to be a defining feature of the region’s skyline.
The Investment Landscape in Ras Al Khaimah
Ras Al Khaimah is carving out its niche as a prime location for real estate investment. A few key indicators underpin this growing attractiveness:
Rallying Tourism
The RAK Tourism Development Authority reported a 24% increase in visitor numbers year-on-year in 2023, with projections for continued growth driven by new hospitality projects and entertainment venues.
Price Appreciation
Increased international interest has significantly impacted real estate transactions on Al Marjan Island, leading to remarkable price growth for beachfront properties.
Future Prospects
With the launch of an integrated gaming and entertainment district set to attract millions of visitors annually, RAK is positioning itself as a significant player in the leisure economy.
For investors, RAK stands out as a strategic alternative to Dubai, promising lower entry costs, potentially higher yields, and noteworthy long-term capital appreciation. Historically, branded residences achieve price premiums of 30-40% over their non-branded counterparts, as highlighted in the Knight Frank report.
A Project Rich in Cultural Significance
More than mere luxury living, Mondrian Al Marjan Island Beach Residences aims to establish itself as a cultural and lifestyle epicenter. With its blend of hospitality expertise, innovative development strategies, and cutting-edge design, it represents a forward-thinking vision for Ras Al Khaimah—a locale that values both tradition and modernity.
As ELEVATE’s founder, Zeeshaan Shah, puts it: “Mondrian Al Marjan Island is not just a residence – it’s a philosophy of elevated living.” For global citizens eager to invest in one of the region’s most promising coastal markets, the Mondrian Al Marjan Island Beach Residences emerge as a captivating opportunity in this new era of Ras Al Khaimah.
