As Ras Al Khaimah (RAK) accelerates its transformation into a world-class lifestyle and investment hub, ELEVATE and Ennismore are bringing one of the most design-forward branded residences to the UAE: Mondrian Al Marjan Island Beach Residences. With a development value of AED 1.8 billion and architecture led by global heavyweights Gensler and Bergman Design House, the project is positioned not only to reshape coastal luxury but to redefine how investors perceive branded residential assets in emerging lifestyle destinations.
For ELEVATE, One Group’s new lifestyle real estate arm the project marks a strategic debut in the UAE, aligning with a USD 1 billion development pipeline planned over the next 12 months. Mondrian’s arrival on Al Marjan Island reinforces a broader market shift toward experiential residential living, where hospitality, design, community, and convenience merge into a single value proposition.
A new benchmark for branded residential investments
The rise of branded residences continues to outperform traditional prime real estate globally. According to Knight Frank’s 2024 Global Branded Residences Report, the sector has grown 160% over the past decade, with the Middle East ranking among the world’s fastest-expanding markets. The UAE, long aligned with global luxury brands, continues to see strong demand for projects that blend hospitality with residential ownership, especially among international investors.
Mondrian Al Marjan Island Beach Residences enters this landscape as a standout proposition. Featuring 343 residences across three collections The Residences, The Front Row Collection, and The Sky Collection the development combines design ambition with five-star hospitality performance. Prices start from AED 2.55 million with a 60:40 construction-to-handover plan, creating a balanced long-term entry point for regional and overseas buyers. The crown jewel of the development is the ‘Sky Mansion’. Boasting 10,000 square feet of living area, 28 feet ceiling heights, a private roof garden and infinity pool with panoramic ocean and Wynn casino views. The property is listed at $10,080,000.
The project’s value is amplified by Ennismore’s global ecosystem. Homeowners gain Accor Platinum Status, unlocking preferential access to more than 5,600 hotels worldwide, an incentive increasingly attractive to frequent business travellers and global lifestyle investors.
Design, wellness, and hospitality at institutional standards
The design narrative of the project is led by Gensler and Bergman Design House, two firms known for their role in shaping cultural landmarks and luxury residential icons worldwide. Their combined approach has transformed the development into a living gallery, where sculptural forms, curated textures, and luminous palettes create a seamless flow between art and architectural function.
Residents will access more than 60,000 sq.ft. of amenities, including boardrooms, lounges, wellness zones, sky pools, a beachfront F&B destination, and the region’s first Fi’lia Beach—part of the award-winning female-led Italian dining concept. High above the Gulf, the Infinity Sky Pool will sit 200+ feet over sea level, establishing a new visual signature for the emirate’s coastal skyline.
Why Ras Al Khaimah? The investment case
Ras Al Khaimah has emerged as one of the region’s most compelling real estate investment stories. Several macroeconomic indicators reinforce its rising appeal:
- Tourism Growth: According to RAK Tourism Development Authority, visitor numbers grew 24% year-on-year in 2023, with continued double-digit momentum in 2024 driven by global hospitality openings and upcoming entertainment projects.
- Capital Appreciation: Real estate transactions on Al Marjan Island have surged significantly, with brokers reporting double-digit price growth over the past 18 months due to escalating international interest and limited beachfront inventory.
- Future Demand Drivers: The upcoming integrated gaming and entertainment district is projected to attract millions of annual visitors, positioning RAK as a major leisure economy in the region.
For investors, RAK now represents a strategic alternative to Dubai: lower entry prices, higher yield potential, and substantial long-term capital upside. Mondrian’s arrival further accelerates this momentum, as branded residences typically achieve 30–40% price premiums over non-branded properties globally (Knight Frank, 2024).
A cultural landmark in the making
Mondrian Al Marjan Island Beach Residences will serve as more than a luxury address—it is designed as a cultural hub and lifestyle destination. With its blend of hospitality expertise from Ennismore, development vision from ELEVATE, and design innovation from world-renowned studios, the project embodies the future direction of the UAE’s northern emirate: bold, progressive, and investment-focused.
As Zeeshaan Shah, Founder of ELEVATE, states, “Mondrian Al Marjan Island is not just a residence – it’s a philosophy of elevated living.”
For investors and global citizens seeking a foothold in one of the region’s fastest-rising coastal markets, Mondrian Al Marjan Island Beach Residences stands as the defining opportunity of Ras Al Khaimah’s new era.
