Latest news with #Marjan
Khaleej Times
15-06-2025
- Business
- Khaleej Times
Dubai developer aims to invest Dh2.1 billion across projects in UAE
Clédor, a real estate development and investment firm based in Dubai, is aiming to invest Dh2.1 billion across its protfolio of projects across the UAE, the company's CEO said. The firm recently launched Arthouse Residences in Al Marjan Island, a branded residential project in collaboration with Arthouse Hotel NYC and Prospect. Valued at Dh400 million, this development is the first-ever Arthouse-branded residential project outside of the US and is set to redefine cultural luxury living in the UAE. 'Out of the total investment of Dh2.1 billion, the remaining 1.7 billion will be in Dubai, but only in prime micro markets. We have two projects, one coming up in Meydan 1, and a villa project coming up in Wadi Al Safa. We'll be launching these projects immediately after our RAK launch,' Omar Gull, Founder of Clédor, said. With a handover scheduled for Q1 2028 and prices starting at Dh925,000, the project is poised to attract both end-users and global investors to Ras Al Khaimah's growing luxury landscape. Abdulla Al Abdouli, CEO of Marjan, added: 'The exquisite mix of fascinating nature and well-preserved history of Ras Al Khaimah has made Al Marjan Island a magnet for iconic developments and international brands. The launch of Arthouse Residences reinforces our commitment to elevating the island into a world-class destination that offers unmatched lifestyle experiences. We are delighted to welcome a brand like Arthouse, which adds cultural richness, design excellence, and global prestige to our master-planned community.' The project introduces 201 units to Al Marjan Island, ranging from studios to one-bedroom apartments and one-bedroom duplexes, as well as 4 F&B-focused retail units. Gull does not envisage the shrinking land bank in Dubai to be a problem for developers. 'Yes it is true that the land bank is shrinking, but there is a lot of land that was sold before 2008 that is still available for development. So there's a lot of opportunity of outright purchase and restructuring,' Gull said. While most analysts are forecasting a softening of the real estate market this year, Gull remains unphased. 'It's simple mathematics — the UAE's projected population increase is around 160,000 while the total number of units to be delivered is between 30,000 to 40,000. That's four people per apartment, which is actually pretty high. So far there's a shortfall getting created over the last three to four years, so even when we see a higher supply than last year and the previous year's sales, there actually is a pent up demand which has picked up it's going to service that demand, So I don't see supply leading to any sort of softening in the market,' Gull said.
Hypebeast
03-06-2025
- Business
- Hypebeast
Former Sies Marjan Designer Sander Lak Is Launching a Namesake Menswear Brand
Sander Lak, the brain behind the beloved and now-closed New York labelSies Marjan, is returning to the fashion circle with the launch of his own namesake brand. Stylized as Sanderlak, the imprint is set to debut during Paris Fashion Week Men's later this month. Lak, who boasts a Master's degree in menswear from Central Saint Martins, spent five formative years designing both men's and womenswear at Dries Van Noten, before launching Sies Marjan in 2016. Despite backing from billionaire husband and wife Nancy and Howard Marks, a CFDA Emerging Designer of the Year trophy, and prime placement on the likes of Barneys New York's shelves, the label was forced toclose its doorsin 2020 due to the financial impact of the COVID crisis. Sanderlak, funded in part by angel investors, will see Lak design menswear-inspired collections shaped by his own global upbringing (he grew up between Malaysia, Gabon, Scotland, and the Netherlands) and his 'ongoing exploration of identity and place.' Each collection will center around a specific location, which will inform the line's themes, colors, fabrics, and demeanor. Sanderlak will release two main collections each year. The brand will debut its first line in Paris through private appointments next month.
Zawya
02-06-2025
- Business
- Zawya
RAKEZ and Marjan appoint JLL as the exclusive leasing advisor for the landmark RAK Central HQ
Ras Al Khaimah: In a major milestone for Ras Al Khaimah's commercial real estate landscape, Ras Al Khaimah Economic Zone (RAKEZ) and Marjan have appointed global property consultancy, JLL, as the exclusive leasing advisor for RAK Central HQ, the flagship office development within the broader RAK Central masterplan. A first-of-its-kind Grade-A commercial district in the Emirate, RAK Central is expected to drive business and tourism development, unlock job opportunities, and redefine lifestyle in Ras Al Khaimah. The appointment was formalised during an official signing ceremony attended by Ramy Jallad, Group CEO of RAKEZ; Abdulla Al Abdouli, CEO of Marjan; and James Allan, CEO of JLL Middle East and Africa (MEA). Commenting on the leasing partnership, Ramy Jallad, Group CEO of RAKEZ, said: 'Appointing JLL as the exclusive leasing advisor for RAK Central HQ is a key milestone in our strategy to attract high-quality, long-term occupiers to Ras Al Khaimah. This development goes beyond physical space, it is about creating a Grade A business environment that meets the evolving needs of global companies, with smart design, sustainability, and access to a supportive economic ecosystem. With JLL's global expertise and deep market insights, we are confident in our ability to position RAK Central HQ as the emirate's premier destination for multinational tenants.' Strategically located on Sheikh Mohammed bin Salem Al Qasimi Street, along the E11 highway, RAK Central is the centrepiece of a larger mixed-use development, offering an integrated work-live-play environment to attract international businesses and top-tier talent. The development spans over 435,000 ft2, with more than 882,600 ft2 of leasable space, including Grade A offices, high-end retail, F&B outlets, and premium amenities. Positioned at the heart of this masterplan, RAK Central HQ is expected to become Ras Al Khaimah's largest business hub and will be anchored by five LEED Gold-certified towers. Construction is scheduled for completion in Q4 2026, with a full commercial launch planned for Q1 2027. JLL will lead the exclusive leasing of all office and retail components within the HQ, with pre-leasing and tenant engagement already underway. The HQ targets multinational blue-chip tenants, offering flexible layouts, open-plan workspaces, high ceilings, and cutting-edge infrastructure. Ground-floor retail and F&B options will be complemented by landscaped parks, shaded walkways, and outdoor seating areas, delivering a vibrant, pedestrian-friendly environment focused on accessibility, wellbeing, and experience. Arch. Abdulla Al Abdouli, Chief Executive Officer of Marjan, said: 'RAK Central HQ is a significant investment in the future of Ras Al Khaimah, offering a premier opportunity for market-leading firms seeking Grade A commercial spaces in a prime location. Leveraging JLL's professional services will attract top-tier tenants in both the office and retail sectors, maximising the long-term value of this landmark development for our investors and contributing to the Emirate's economic diversification.' James Allan, CEO of JLL Middle East and Africa JLL, said: 'JLL is proud to be the exclusive leasing advisor for RAK Central HQ, a unique Grade A commercial hub in the heart of a world-class community. This innovative development is set to become the premier headquarters location for leading regional and global businesses, and JLL's appointment reflects the developers' commitment to implementing best-in-class global leasing processes to elevate commercial and retail accommodation standards in the region.' This joint initiative between RAKEZ and Marjan represents a shared commitment to redefining commercial real estate in Ras Al Khaimah, delivering an environment that meets international standards and supports the emirate's long-term economic vision. To explore leasing opportunities at RAK Central HQ, please contact Ben Johnston, Director, Offices and Business Space Leasing from JLL at For more information, please contact: Cleo Eleazar, Public Relations & Events Manager, RAKEZ Email: About Ras Al Khaimah Economic Zone (RAKEZ): RAKEZ is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah in the United Arab Emirates. It currently hosts over 30,000 companies coming from over 100+ countries and operating in more than 50 industries. RAKEZ offers entrepreneurs, startups, SMEs and manufacturers a wide-range of solutions, including free zone and non-free zone licences, customisable facilities, and first-class services provided in a one-stop shop. Furthermore, RAKEZ has specialised zones that are tailored to specific needs of investors: Al Nakheel and Al Hamra Business Zones for commercial and service companies; Al Ghail, Al Hamra and Al Hulaila Industrial Zones for manufacturers and industrialists; and an Academic Zone for educational providers. A leading economic zone, RAKEZ aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah.
Trade Arabia
25-05-2025
- Business
- Trade Arabia
Dalands Holding to launch W Residences Al Marjan Island
Dalands Holding, a leading developer, in collaboration with Marriott International and with the support of 'Marjan', the master developer of freehold property in Ras Al Khaimah, has announced the signing of W Residences Al Marjan Island. Set to open in Q4 2027, W Residences Al Marjan Island will be co-located with the W Al Marjan Island hotel, introducing a bold fusion of vibrant hospitality and elevated residential living to one of the UAE's most iconic beachfront destinations. This milestone marks a new chapter in Dalands Holding's expansion into the UAE, building on its successful track record of developing boutique resorts and high-end residences, said the developer. Arch. Abdulla Al Abdouli, the CEO of Marjan, said: "W Residences Al Marjan Island is a significant addition to our expanding portfolio of world-class developments on the island. We are pleased to welcome global brands like W Hotels and leading developers like Dalands Holding who have long-standing credibility as a hospitality-focused developer." "This project will further enhance our position as a preferred destination for luxury living and investment, while enriching the cultural and economic landscape of Ras Al Khaimah," he stated. Dalands Holding CEO Saurabh Gupta said: "We are delighted to introduce W Residences to Al Marjan Island; a development that embodies our vision for creating iconic destinations rooted in design, service, and a vibrant sense of place." "Co-locating these 201 W Residences with W Al Marjan Island ensures an unmatched lifestyle offering, combining private, luxury living with access to exceptional hospitality services. These fully furnished residences, supported by a world-class hotel experience and direct access to the beach, is what sets this project apart," he stated. The residences will feature a range of exquisitely designed luxury homes, offering sweeping views and direct access to 130-m-long beachfront. Each element of the development reflects the bold, irreverent spirit of the W Hotels brand, from cutting-edge interiors to the signature Whatever/Whenever services, he added. Sandeep Walia, Chief Operations Officer, Middle East & Luxury, Europe, Middle East & Africa – Marriott International, said: "This launch marks an exciting milestone for Marriott International as we continue to grow our luxury residential footprint in the region." "W Residences Al Marjan Island reflects the evolving expectations of today's luxury consumer - seeking more than just a home, but an immersive lifestyle destination. We are proud to continue our collaboration with Dalands Holding and Marjan to bring this bold new residential offering to life alongside W Al Marjan Island," stated Walia. A wide array of exclusive amenities is planned to elevate the living experience for the residents. These include an exclusive reception area, WET infinity pool deck, a plush resident's lounge, the brand's signature FIT fitness hub including a yoga studio, a beachside lounging zone, a mini 'Screening Room', and dedicated entertainment spaces for private events and parties.
Zawya
25-05-2025
- Business
- Zawya
Dalands Holding to launch W Residences Al Marjan Island
UAE – Dalands Holding, in collaboration with Marriott International and with the support of 'Marjan', the master developer of freehold property in Ras Al Khaimah, has announced the signing of W Residences Al Marjan Island. Set to open in Q4 2027, W Residences Al Marjan Island will be co-located with the W Al Marjan Island hotel, introducing a bold fusion of vibrant hospitality and elevated residential living to one of the UAE's most iconic beachfront milestone marks a new chapter in Dalands Holding's expansion into the UAE, building on its successful track record of developing boutique resorts and high-end residences. Arch. Abdulla Al Abdouli, CEO of Marjan, added: ' W Residences Al Marjan Island is a significant addition to our expanding portfolio of world-class developments on the island. We are pleased to welcome global brands like W Hotels and leading developers like Dalands Holding who have long-standing credibility as a hospitality-focused developer. This project will further enhance our position as a preferred destination for luxury living and investment, while enriching the cultural and economic landscape of Ras Al Khaimah.' Saurabh Gupta, CEO of Dalands Holding, said, 'We are delighted to introduce W Residences to Al Marjan Island; a development that embodies our vision for creating iconic destinations rooted in design, service, and a vibrant sense of place. Co-locating these 201 W Residences with W Al Marjan Island ensures an unmatched lifestyle offering, combining private, luxury living with access to exceptional hospitality services. These fully furnished residences, supported by a world-class hotel experience and direct access to the beach, is what sets this project apart.' The residences will feature a range of exquisitely designed luxury homes, offering sweeping views and direct access to 130-metres-long beachfront. Each element of the development reflects the bold, irreverent spirit of the W Hotels brand, from cutting-edge interiors to the signature Whatever/Whenever© services. A wide array of exclusive amenities is planned to elevate the living experience for the residents. These include an exclusive reception area, WET® infinity pool deck, a plush resident's lounge, the brand's signature FIT® fitness hub including a yoga studio, a beachside lounging zone, a mini 'Screening Room', and dedicated entertainment spaces for private events and parties. With seamless access to select hotel services, residents will also get to enjoy the best of both worlds — privacy and comfort at home, and the vibrant, social energy of W Hotels in the same premise. ' This launch marks an exciting milestone for Marriott International as we continue to grow our luxury residential footprint in the region, ' said Sandeep Walia, Chief Operations Officer, Middle East & Luxury, Europe, Middle East & Africa – Marriott International. ' W Residences Al Marjan Island reflects the evolving expectations of today's luxury consumer — seeking more than just a home, but an immersive lifestyle destination. We are proud to continue our collaboration with Dalands Holding and Marjan to bring this bold new residential offering to life alongside W Al Marjan Island.' The residences represent a seamless fusion of upscale beachfront living and contemporary luxury hospitality. Positioned along the island's pristine coastline, this development is poised to become a landmark address and a symbol of refined lifestyle in the Northern Emirates. About Dalands Holding Dalands is a hospitality-driven luxury real estate developer with 20 years of expertise, creating exceptional resorts, hotels, branded residences and luxury real estate across India and the UAE. Backed by a team of seasoned industry professionals, the company has a proven ability to identify and unlock value in strategic land parcels, optimize project outcomes, and deliver exceptional value to its investors and partners. About Marjan Marjan is the master developer of freehold property in Ras Al Khaimah, responsible for path-breaking developments such as Al Marjan Island, aimed at positioning Ras Al Khaimah as one of the region's leading tourism and investment destinations. Mandated with developing waterfront, urban, and mountain destinations that will add to the competitiveness of the emirate, Marjan's strategic master-planning approach is to leverage Ras Al Khaimah's natural assets and lay the foundations for the emirate's future expansions. Through its world-class master-planned communities in Ras Al Khaimah, Marjan attracts foreign investment as well as international visitors and positions the emirate as a strong investment and tourism hub. Legal disclaimer: W Residences Al Marjan Island are not owned, developed or sold by Marriott International, Inc. or its affiliates ("Marriott"). Dalands Holding FZ-LLC uses the W marks under a license from Marriott, which has not confirmed the accuracy of any of the statements or representations made herein.
