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Elevate & Ennismore Partner to Bring $500 Million Mondrian Beachfront Residence to Al Marjan Island

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Elevate & Ennismore Partner to Bring $500 Million Mondrian Beachfront Residence to Al Marjan Island

ELEVATE, the visionary lifestyle real estate brand launched in the UAE by global development firm One Group and Ennismore, the fastest-growing lifestyle and leisure hospitality company, has signed an agreement to introduce the region’s first-ever beachfront Mondrian residences in the UAE. The landmark $500 million project will be situated on the rapidly growing Al Marjan Island, marking a pivotal moment in the evolution of branded living experiences on the island and in the region. The grand opening is anticipated to be in Q4 2028.

The signing took place between Zeeshan Shah, Founder & Chairman, ELEVATE and Louis Abboud, Regional Head of Lifestyle Collective IMEAT, Ennismore, in the presence of Arch. Abdulla Al Abdouli, CEO of Marjan.

This partnership unites the strengths of two globally respected leaders, collaborating to champion bold design, authentic community experiences, and purposeful living. ELEVATE is setting new benchmarks for intentional and design-forward living, rooted in the UAE with a deep understanding of the region’s evolving cultural and lifestyle ambitions. It offers the perfect counterpart: local insight, real estate expertise, and a vision for redefining modern luxury. Ennismore is a powerhouse in luxury lifestyle hospitality, comprising a collective of 16 globally celebrated brands and two F&B groups—including Delano, SLS, 25hours Hotels, SO/, and Rikas—as well as over 500 restaurants and bars. Together, the two are set to create transformative destinations that resonate far beyond the traditional hospitality model.

Commenting on the signing, Arch. Abdulla Al Abdouli, CEO of Marjan said: “We are delighted to welcome the Mondrian Residences to Al Marjan Island as part of our ongoing commitment to elevating Marjan’s global stature, which is increasingly being famed as a lifestyle-led development. This collaboration between ELEVATE and Ennismore adds a new layer of depth and creativity to our growing portfolio of branded residences on the island. We are proud to welcome Mondrian Beach Residences to Al Marjan Island, which is slated to mark a global expansion for the hospitality giant, showcasing the draw and relevance of Marjan today”.  

With this landmark project, ELEVATE reaffirms its long-term commitment to the UAE, supported by a $1 billion development pipeline scheduled for the next 12 months. As the newly launched lifestyle real estate brand from One Group, ELEVATE is setting out to redefine luxury living with its philosophy of living centered around five core pillars of Health, Wellness, Tribe, Purpose and Flowthat resonate with both modern residents and global investors.

Speaking on the collaboration, Zeeshaan Shah, Chairman of One Group and Founder & CEO of ELEVATE, shared his enthusiasm: “We’re very proud to be bringing the first-ever beachfront Mondrian residences to the UAE in collaboration with Ennismore. We carefully selected Mondrian for this location as the brand is the epitome of what Marjan Island is becoming. Renowned for being at the forefront of lifestyle, art and culture, Mondrian’s are icon’s in every city they’re in whether it’s Los Angeles, Cannes or Ibiza and this will undoubtedly be the icon of Marjan Island”.

The Mondrian Al Marjan Island Beach Residences will deliver a five star hospitality-infused residential experience, featuring private beach access, signature design elements, wellness-centric amenities, and curated cultural programming. Residents can expect hotel-grade services with the privacy and ownership benefits of a home, making it a compelling investment for both lifestyle buyers and discerning investors.

Known for its avant-garde design and cultural relevance, Mondrian is one of Ennismore’s most iconic brands, celebrated for its progressive edge in art, fashion, and urban living. With flagship properties in cities such as Los Angeles, Mexico, Ibiza, Doha, Singapore, and Seoul, Mondrian’s branded residential arrival in the UAE signals a new era for luxury beachfront living.

Louis Abboud, Regional Head of Lifestyle Collective IMEAT at Ennismore, said, “We are excited to introduce this new and exciting Mondrian residential project to the UAE in collaboration with ELEVATE. Mondrian is a symbol of creative expression, and Al Marjan Island provides the perfect canvas. This development will bring our signature energy to a thriving new destination and redefine what modern beachfront living can feel like.”

To ensure every detail of the project reflects its exceptional vision, a world-class team of consultants has been carefully curated. Leading the architectural narrative is Gensler – the world’s largest architecture and design firm, headquartered in San Francisco – bringing global expertise and innovative design-thinking to the forefront. Complementing this is the acclaimed London-based Bergman Interiors, celebrated for their award-winning work across luxury hospitality, branded residences, and superyachts, adding a layer of bespoke sophistication to the interiors. Together, they infuse the development with a level of design excellence rarely seen in the region.

Backed by a global real estate transaction record exceeding $2.5 billion, One Group’s expansion into the UAE via ELEVATE is not just strategic – it’s personal. Shah, who began his career in the UAE nearly two decades ago, sees the country as a natural extension of the Group’s lifestyle-driven ethos. For ELEVATE, this launch is only the beginning of the UAE chapter. With several projects in the pipeline across the UAE, the brand is poised to redefine success and luxury, not by excess, but through purposeful design, community, and well-being.

Concluding, Shah said, “This partnership marks our development debut in the region, and we are proud to start by setting a new benchmark in branded beachfront living. I’m deeply grateful to the trusted partners and supporters who stood by this vision from the start – your belief and commitment have been paramount in bringing it to life.”

Ennismore’s branded residential properties, including Mondrian Al Marjan Island Beach Residences, are supported by Accor One Living, an industry-first 360º platform focused on developing, designing, and operating mixed-use projects and branded homeowner communities. Through Accor One Living, homeowners, guests, and partners are connected to Accor’s diverse ecosystem of brands, expertise, and solutions, creating a constant flow of new opportunities to live, work, and play.

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Bergman Design House Unveils Interiors for Mondrian Al Marjan Island Beach Residences by ELEVATE and Ennismore – A New Era of Luxury in Ras Al Khaimah

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Luxurious beachfront Mondrian hotel with modern architecture, surrounded by palm trees and clear blue water where a man is paddleboarding

Award-winning London-based interior designers Bergman Design House have revealed their completed design vision for Mondrian Al Marjan Island Beach Residences, developed by ELEVATE in partnership with global hospitality leader Ennismore. Announced last quarter, the project is now moving closer to launch with the much-anticipated unveiling of its interiors. Known for exclusive private villa and beach house designs, this marks Bergman’s first branded residence project in the region, setting a new benchmark for luxury residential and hospitality living.

Zeeshaan Shah, Founder of ELEVATE, said:“Our vision with ELEVATE has always been to craft developments that are more than addresses — they are destinations. Partnering with Ennismore and Bergman Design House on Mondrian Al Marjan Island Beach Residences allows us to deliver an experience that blends design excellence, curated living, and world-class hospitality in a way the region hasn’t seen before.”

Set against the backdrop of Al Marjan Island where the Arabian Gulf meets Ras Al Khaimah’s future gaming and leisure destination, Mondrian Al Marjan Island Beach Residences rises as a modern design icon. Part cultural gallery, part social hub, it is conceived as more than simply a residential address: instead unfolding as a curated lifestyle experience where every space is designed to inspire, connect, and endure.

Marie Soliman, Founder & Creative Director of Bergman Design House, added:
“With Mondrian Al Marjan Island Beach Residences, we wanted to create a place where every corner tells a story, where residents feel both the comfort of home and the thrill of discovery. It’s a living canvas, inspired by the sea and designed to evolve with its community.”

Drawing inspiration from the rhythms of the ocean and the dynamic energy of Ras Al Khaimah’s evolving luxury scene, Bergman Design House has blended sculptural forms, organic textures, and luminous palettes. Each detail reflects a dialogue between avant-garde artistry and timeless comfort, resulting in spaces that are both emotionally resonant and visually striking.

The development will feature more than 60,000 square feet of resident amenities, designed to position Mondrian Al Marjan Island Beach Residences as the pinnacle of experiential living in the Emirate. The lobby itself will go far beyond a point of arrival, serving as an immersive gallery with rotating exhibitions from visionary global and regional artists alongside digital installations.

Suspended high above the ocean, the Sky Lounge will deliver panoramic views, innovative mixology, and interiors crafted for both intimate conversation and grand celebration.

Residents will also enjoy 17,000 square feet of indoor-outdoor wellness space, including championship-level training zones, a yoga and Pilates studio, treatment rooms, a sky padel tennis court, and a recovery suite with sauna and ice bath — embedding wellness into daily life.

Mondrian’s iconic pool scene will also make its mark on Al Marjan Island. Perched over 200 feet above sea level, the adults-only Infinity Sky Pool will redefine Ras Al Khaimah’s skyline, with sleek finishes and uninterrupted Gulf views transforming each sunset into a spectacle.

The beachfront will function as a lifestyle destination of its own, featuring art-adorned pools, private cabanas, immersive installations, and an award-winning beach restaurant soon to be unveiled. Every detail is designed to turn a day by the water into a sequence of unforgettable memories.

The Mondrian  Al Marjan Island Beach Residences will offer a range of residences, with penthouses as the crown jewel, complete with wraparound glass walls, bespoke marble finishes, private terraces, and spa-like bathrooms. Apartments will feature smart layouts, uninterrupted sea views, and coastal-meets-cosmopolitan palettes, enhanced by sculptural lighting that transforms each home into a personal art piece.

Conceptualised for discerning investors, collectors of experiences, and global citizens, Mondrian Al Marjan Island Beach Residences represents the convergence of hospitality, artistry, and residential intimacy. It will stand as not just a development, but a cultural landmark for Ras Al Khaimah. It belongs to the Mondrian Hotels & Residences portfolio, part of Ennismore, a creative hospitality company with a global collective of entrepreneurial and founder-built brands with culture and community at their heart. With ELEVATE’s vision, Ennismore’s hospitality expertise, and Bergman Design House’s design mastery, the Mondrian Al Marjan Island Beach Residences is set to become a cultural stage, a social hub, and a sanctuary of design excellence — framed by the infinite horizon of the Arabian Gulf.

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INTRODUCING DUBAI’S FIRST CORINTHIA RESIDENCES

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Two executives in traditional Emirati dress shaking hands at Driven Properties and Dubai General Properties Corinthia Dubai agreement ceremony with floral arrangements.

Driven | Forbes Global Properties has been appointed as the exclusive sales partner for the residences at Corinthia Dubai, including both branded and non-branded residences. Developed by Dubai General Properties, the twin towers on Sheikh Zayed Road will also feature Dubai’s first Corinthia five-star, ultra-luxury hotel.

“This project stands out for its clarity of vision: an iconic address that pairs a five-star hospitality experience with a versatile residential offering. It’s the kind of development that creates long-term value for residents and investors alike,” said Abdullah Alajaji, Founder and CEO of Driven | Forbes Global Properties. “Our team is honored to be leading sales on such a unique, city-shaping project.”

“By bringing Corinthia Branded Residences together with premium non-branded options in one destination, we’re giving buyers genuine choice without compromising on quality,” said Jassim Al Ali, Managing Director of Dubai General Properties. “Our ambition extends beyond merely constructing skyscrapers; we aim to create developments that capture the global imagination and forge a lasting legacy in urban design,” he added.

“We’re pleased to present this historic project to the world’s most discerning buyers and to continue curating best-in-class residences for our clients,” said Hadi Hamra, Managing Partner at Driven | Forbes Global Properties.

An Architectural Statement

Designed by AtkinsRéalis, the project is set to rank among the tallest buildings in the world, rising over 500 metres with a distinct silhouette of two towers connected by a dramatic, cantilevered sky lobby suspended halfway above ground. Rising with grace above the city’s skyline, the skyscrapers are Art Deco inspired, paying modern homage to timeless elegance. “These towers reflect timeless perfection, standing as an icon on SZR. They epitomize the essence of urban luxury and a modern oasis in the sky. Their crafted geometry scales the sky while gently stepping back, unveiling one-of-a-kind residences with unparalleled vistas of Dubai’s skyline and the Arabian Gulf,” said Timothy Winstanley, AIA, RIBA, Design Director and Lead Architect of the project.

The residences offer generous, open layouts designed to capture uninterrupted sea and skyline views. Selected residences will feature private pools, gyms, and large indoor-outdoor entertainment areas, while residents can enjoy privileged access to Corinthia Wellness and hotel amenities, supported by the brand’s iconic service standards.

The interior concept, “Stillness in the Sky,” draws inspiration from a garden in full bloom: soft, tactile materials, champagne-metal finishes, floral silhouettes, and natural light create serene, sensory spaces that elevate daily rituals into moments of quiet luxury.

A Vision Realised by 2030

Spanning 330,000 square metres and scheduled for completion by 2030, Corinthia Dubai will deliver a multifaceted lifestyle that combines state-of-the-art architecture, exceptional hospitality, and modern comfort. Supported by Driven | Forbes Global Properties, the project will stand as a landmark that sets global benchmarks for luxury living in the heart of Dubai.

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WHY DEVELOPERS SHOULD ADOPT AN INVESTOR MINDSET IN EVOLVING REAL ESTATE MARKET

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Professional portrait of Francis Alfred, Managing Director of Sobha Realty, wearing traditional white kandura and ghutra in formal business setting

By Eng. Amer Khansaheb, Chief Executive Officer and Board Member of Union Properties PJSC

In today’s buoyant UAE Real Estate landscape, conventional metrics like unit sales volumes are becoming obsolete. Instead, genuine success increasingly lies in value measured through long-term rental income, growth, asset quality, and capital appreciation. Developers who adopt an investor-led mindset, prioritising yield, durability, and premium standards, are effectively shaping the future of the sector in the UAE.

From Selling Today to Earning Tomorrow

To achieve this shift, developers must transcend the traditional focus on one-time sales. Developers must embrace business models that generate sustainable rental income, ensuring a predictable stream of cash flow even during market fluctuations. Future-focused project planning must integrate rental viability, anchoring developments in steady long-term returns rather than immediate, speculative gains. This investor-first approach positions developers for long-term growth.

Rental Market Momentum: Major Growth Engine

The UAE’s residential leases market is projected to reach USD 27.98 billion in 2025 and USD 33.10 billion by 2029 at a compound annual growth rate (CAGR) of 4.3 per cent. Developers who prioritise rental-ready, high-quality units will be best placed to capture this expanding market, appealing both to residents seeking premium housing and to investors seeking reliable returns. This demonstrates the enormous potential that rental-centric development strategies hold.

Supply Growth and Still Solid Returns

Despite expectations of 180,000 new residential units by 2026, rental yields remain strong at 7.4 per cent. This reveals persistent demand, indicating prime opportunities for value-added investments. Developers can capitalise this by offering thoughtfully designed projects with integrated amenities and sustainability features on strategic locations, elements that elevate rental income and investor appeal.

Attracting Global Capital through Investment-First Mindset

The UAE’s progressive policies such as long-term visas, free zones for Real Estate, and investor-friendly reforms, continue to magnetise international and institutional capital. By adopting an investor-first mindset, developers can meet this evolving demand by offering investment-grade opportunities and high-quality, income-generating assets that appeal to discerning global investors.

Differentiating Through Quality

To differentiate in this present market increasingly defined by long-term value rather than rapid turnover, excellence in design, exceptional finishes and long-term value are keys. Developers who invest in durability, sustainability, and strategic positioning, beyond sheer scale, will attract tenant loyalty and investor confidence. This differentiation fosters both brand equity and financial resilience.

Aligning with Future: Investor Mindset as Strategy

As the UAE Real Estate landscape evolves, we can safely state that those developers that think like investors will certainly emerge as leaders. By aligning projects with long-term income generation, adhering to global investment standards, and offering quality-driven, sustainable developments, they lay the groundwork for enduring success.

This dynamic Real Estate environment is not merely a passing trend but a blueprint for sustainable, value-based growth in the UAE market. Developers who embrace this investor-led vision, integrating rental yield, design excellence, and global standards, will not only thrive but also redefine the future of the sector.

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