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Mantra Properties and Jacob & Co Announce Landmark Partnership for Ultra-Luxury Residences on Al Marjan Island

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Image of individual signing at the Mantra properties

Mantra Properties, the design-led Indian real estate developer, and Jacob & Co, the iconic luxury jewelry and watch brand, have officially signed an exclusive partnership to launch Jacob & Co Residences on Al Marjan Island, Ras Al Khaimah. The signing ceremony took place at Salvaje Dubai, where guests also viewed an exclusive showcase of Jacob & Co’s extraordinary timepieces, further reflecting the craftsmanship and creativity at the heart of this partnership.

Jacob & Co Residences on Al Marjan Island represents the third Jacob & Co residential development in the UAE, following successful projects in Dubai and Abu Dhabi, but marks the first such development on the prestigious Al Marjan Island and Mantra’s debut project in the UAE, setting the stage for a visionary development that will fuse high-end real estate with the spirit of haute horology.

Valued at AED 400 million, the development will merge Mantra’s signature design-led approach—shaped by years of delivering landmark projects in Pune and Mumbai—with Jacob & Co’s bold aesthetic and global appeal. This unique collaboration blends high-end real estate with the world of fine watchmaking, adding a rare layer of distinction that sets the project apart in the regional luxury landscape.

Image of building, curved golden balconies and Jacob & Co branding.

Arch. Abdulla Al Abdouli, CEO of Marjan, commented: “We are thrilled to welcome this extraordinary partnership between Mantra Properties and Jacob & Co to Al Marjan Island. This collaboration perfectly exemplifies our vision of creating a destination that attracts the world’s most prestigious brands and offers residents unparalleled luxury experiences. The Jacob & Co Residences will add another distinguished chapter to Al Marjan Island’s story as the UAE’s premier luxury living destination, combining exceptional design with world-class amenities in one of the region’s most sought-after locations.”

Mantra Properties brings to the UAE over 18 years of development experience and a strong track record in India, particularly in Pune and Mumbai. The developer has successfully delivered 18 projects, encompassing over 12 million sq. ft., and currently has 18 under-development projects totaling over 12 million sq. ft. under construction. Known for creating spaces rooted in design and built on integrity, Mantra has served thousands of families and continues to push the boundaries of what modern living can offer.

Ankit Gupta, Executive Director, Mantra Properties, commented,“This project is more than just a new chapter, it’s a reflection of our legacy. For nearly two decades, Mantra has believed in building not just homes but lasting experiences that stand the test of time. Partnering with a visionary brand like Jacob & Co allows us to elevate that legacy on a global platform, bringing together craftsmanship, elegance, and innovation in a way that will redefine luxury living on Al Marjan Island.”

Rohit Gupta, CEO, Mantra Properties, added, “Our partnership with Jacob & Co is a defining moment that brings together two brands driven by vision, creativity, and excellence. This collaboration is not only about developing a landmark project on Al Marjan Island but about forging a new path for ultra-luxury living in the UAE. With Jacob & Co’s iconic design language and Mantra’s deep-rooted passion for meaningful spaces, we’re creating something truly extraordinary. This is a bold step forward for both brands, and we’re excited about what lies ahead.”

With existing branded residences in Dubai and Abu Dhabi, Jacob & Co continue its strategic expansion in the region through this landmark project.

Mr. Jacob Arabo, Founder & Chairman, Jacob & Co. commented, “At Jacob & Co, we have always believed in turning dreams into reality whether through the intricate mechanics of a timepiece or the sparkling brilliance of high jewelry. With Mantra Properties, we have found a partner who shares our relentless pursuit of perfection and innovation. The Jacob & Co Residences on Al Marjan will be a place where design, legacy, and luxury meet—a destination unlike any other.”

This collaboration is part of Mantra’s broader UAE growth strategy, which includes five new projects over the next three years, with a total projected sellable value of AED 1.3 billion. The developer is actively exploring opportunities in strategic locations across the Emirates, backed by a long-term commitment to the region.

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Object 1 hits major milestone: project completion with RA1N Residence in JVC

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Object 1 has officially announced the 100% completion of RA1N Residence, the developer’s residential project in Dubai. The delivery signifies the company’s evolution from project launches to the successful handover of homes, solidifying its reputation as a reliable player in the city’s fast-moving real estate sector.

Located in District 12 of Jumeirah Village Circle (JVC), the 25-storey tower features 144 units, ranging from one- and two-bedroom apartments to exclusive top-floor apartments with jacuzzi for extra comfort. The project meets a surging market demand for ready-to-move properties. JVC remains a top-tier choice for residents and investors alike, currently capturing 61% of sales searches and 80% of rental searches for apartments in the mid-market segment.

RA1N Residence provides a comprehensive suite of amenities designed for modern urban life:

A spacious lobby with lounge area and co-working spaces, a dedicated clubhouse, indoor and outdoor fitness areas, 2 swimming pools – for kids and adults-only, on-site retail outlets, children’s play zones – both indoors and outdoors.

Designed for immediate comfort and functionality, the apartments feature bright, ergonomic layouts and high-quality materials with contemporary finishes sourced directly from European factories, complemented by built-in appliances and premium plumbing fixtures from leading manufacturers.

There is direct access to Al Khail Road and Sheikh Mohammed Bin Zayed Road, linking the community to Dubai Marina, JLT, and Dubai Internet City. The Roads and Transport Authority’s Hessa Street Phase II project, will double road capacity and reduce travel times while serving nearly 650,000 residents across surrounding communities, further strengthening accessibility for the district.

The announcement comes as Dubai’s property market demonstrates unprecedented momentum. In January 2026 alone, total transactions reached circa Dh108.0 billion – nearly doubling the figures from the previous year.

Tatiana Tonu, CEO of Object 1, commented: “Delivering RA1N Residence is a defining moment for Object 1, as we move from vision to tangible reality. While the world watches regional shifts with caution, our faith in Dubai’s investment climate remains absolute. This city is more than just a market; it is a global safe haven that consistently turns challenges into growth opportunities. By completing our project, we are sending a clear message to our investors: we are here for the long term, contributing to the Dubai 2040 Urban Master Plan and building high-quality communities that thrive regardless of external pressures.”

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A FRESH PERSPECTIVE ON RESIDENTIAL DESIGN

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Two individuals reviewing material samples inside a design showroom, standing in front of a display wall filled with colorful leather swatches and automotive inspired panels.

Exclusive interview with Noor Al Muhaideb, founding partner, Opaal interiors.

Noor, you’ve been designing since your AUSD days and now lead Opaal Interiors, what was the pivotal moment when design switched from passion to purpose in your life?

Design has been an enduring passion from an early age, where I found myself drawn to patterns, spaces, and materials. This soon became a professional purpose during my formative years at the American University of Sharjah (AUSD) and subsequently throughout my tenure at Emaar Properties. At AUSD, I refined my technical skills, deepened my understanding of spatial planning, and cultivated a disciplined approach to design. This foundation allowed me to transform instinctive creativity into a structured, impactful practice.

Earlier in my career, I witnessed firsthand how interiors influence lifestyle, wellbeing, and daily experience, far beyond aesthetic considerations. Leading complex residential and hospitality projects revealed the profound effect of thoughtful planning and detailing on occupants’ quality of life. Today, I always look forward to creating environments that are emotionally resonant, where every detail contributes to a meaningful, lived experience.

As founding partner and a lead creative designer, how do you balance executive leadership with creative direction?

At Opaal, leadership and creativity are inseparable yet distinct. My role requires overseeing the strategic growth of the firm including, client engagement, project delivery and operational excellence, while simultaneously shaping the creative vision of every project.

Creativity is the core of our work, which is why nurturing talent is a priority. We encourage young designers to contribute ideas boldly, experiment within project parameters, and take ownership of their work. By fostering this sense of responsibility and creative autonomy, we maintain innovation at the core of our practice while ensuring that every project meets Opaal’s high standards of quality and refinement.

From a business perspective, launching Opaal in a competitive market demanded patience and deliberate strategy. Building a credible client base and reputation took time, particularly when established firms dominated the landscape. By emphasizing meticulous planning and team work, we gradually established trust and credibility.

Adapting to this approach is important for the industry and it is slowly aligning in this direction. For instance, in 2025, over 65 per cent of mid-sized GCC design firms reported collaborative leadership models to balance operational efficiency with creative excellence.

In our industry, this focus ensures that our company remains both a strategically robust business and a leading creative force in the region’s interiors sector.

Opaal emphasizes spaces that feel personal and emotionally grounded. How do you translate a client’s inner world into physical form without losing authenticity?

At Opaal, translating a client’s inner world begins with deep engagement and collaboration. We invest time in understanding their lifestyle and emotional priorities, refining ideas together from concept through execution. Every decision we make, whether it is layout and lighting or materials and textures, it is guided by their identity, ensuring that the space feels authentic and personal. Through this, we create interiors that are functional and refined as well as emotionally resonant, supporting wellbeing and leaving a lasting impression.

As Juan Montoya notes, “A room should never allow the eye to settle in one place. It should smile at you and create fantasy.” This mindset allows our work to remain timeless and meaningful. 

Can you walk us through a design decision you made recently, maybe a material, custom joinery piece, or lighting solution, and why it was pivotal to the space’s narrative.

At the MANSORY Residences, we reinterpreted the precision of automotive craftsmanship within a refined residential setting. A custom chaise-like sofa, with a contoured profile inspired by grand tourer seating, anchors the living space with sculptural presence and everyday comfort. The surrounding joinery layers charcoal and graphite tones with cognac leather inlays and brushed metal detailing, balancing strength with warmth. Concealed coves and integrated lighting introduce a soft, ambient glow reminiscent of a luxury dashboard. The result is a composed, immersive environment where bold design is thoughtfully softened for daily living.

How do you balance aesthetic boldness with comfort and emotional resonance, especially in private residential spaces?

Residential design is uniquely distinctive and requires particular care because we are shaping spaces where people live, and rest. For me, bold design is always in service of the people who inhabit a space. Every material, texture, and detail is considered should be more than a visual impact and should focus on how it affects mood and daily life. We firmly believe that a striking feature is only meaningful if it makes the space feel welcoming and emotionally supportive.

We start by understanding how people interact, and experience their homes, then integrate statement elements with restrained palettes, tactile finishes, and bespoke detailing. The goal is to ensure that every home feels personal, which is bold yet restorative.

In an age of fast aesthetic trends, how do you resist momentary visual noise and maintain integrity in your designs?

Maintaining design integrity begins with a clear vision and a deep understanding of each project’s context. We ensure that every decision aligns with the story and purpose of the space, rather than short-lived trends. Moreover, we treat design as a living dialogue between people and their environment.

For example, in the MANSORY Residences by Amaal, Opaal focused on automotive-inspired luxury elements that deliver a consistent, sensory-rich experience throughout the space. The interiors combine bespoke materials, precise detailing, and a thoughtful layout that elevates the concept without resorting to superficial visual effects.

This approach is reinforced by wider industry behaviour where more than 55 per cent of interior designers report that minimalistic and purposeful design is increasingly popular among clients, reflecting a preference for authenticity and longevity over short‑lived trend cycles.

Your recent partnerships, like with MANSORY Residences by Amaal, blend iconic brand identities, how do you approach co-design with global lifestyle brands?

Collaborating with global lifestyle brands requires respecting the brand’s identity while translating it into a tangible, human-centered environment. For MANSORY Residences, our approach began with understanding the brand’s automotive-inspired luxury ethos and the expectations of its residents. We then translated those values into the interiors through bespoke materials, tailored detailing, and spatial planning that reflects both the brand and the lived experience of occupants. We are working closely with the brand, the developer, and other stakeholders to ensure that we meet their standards while keeping our timeless elegance and design elements.

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LANDLORD PERSPECTIVE: BUILDING CERTAINTY IN THE ERA OF MONTHLY RENT

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By Rashed Hareb, CEO & Co-Founder, Rentify

UAE’s rental market is undergoing a quiet but profound shift. For decades, landlords operated within a relatively predictable system—annual or post-dated cheques, fixed payment schedules, and a sense of financial certainty that allowed for planning and stability. Today, that system is evolving. Tenants are increasingly seeking flexibility, with monthly payment models becoming not just a preference, but an expectation.

While this shift is undeniably tenant-friendly, it raises an important question for landlords: how do you embrace flexibility without compromising financial certainty? The answer lies not in resisting change, but in rethinking the infrastructure that underpins rent itself.


The Rise of Monthly Rent: Convenience Meets Complexity

Monthly rent is often framed as a simple upgrade—more manageable payments for tenants, improved accessibility, and alignment with modern financial behavior. But from a landlord’s perspective, the implications are far more nuanced.

A shift from annual or quarterly payments to monthly inflows introduces:

  • Cash flow fragmentation
  • Increased risk of missed or delayed payments
  • Higher administrative overhead
  • Reduced predictability in income cycles

What was once a straightforward transaction becomes a recurring operational process.

For individual landlords, this can quickly become overwhelming. For institutional landlords or property managers, it scales into a systemic inefficiency. The real challenge, therefore, isn’t monthly rent itself—it’s the lack of infrastructure designed to support it.


Certainty Is the Real Currency

At its core, the landlord’s priority has never changed: certainty.

Certainty of income. Certainty of timing. Certainty of compliance.

Traditional rent systems delivered this through rigid structures—bulk payments, cheque guarantees, and legal enforceability. But these mechanisms are increasingly misaligned with how tenants want to pay.

This creates a tension between flexibility and control. To resolve this, landlords need a system where flexibility for tenants does not translate into volatility for owners. In other words, the experience can evolve—but the outcome must remain predictable.


From Payment Collection to Payment Infrastructure

Historically, rent collection has been treated as a transactional function. But in a monthly rent environment, it must evolve into a fully integrated financial layer.

This means moving from:

  • Manual tracking → Automated reconciliation
  • Reactive follow-ups → Proactive risk assessment
  • Tenant-dependent payments → System-backed assurance

A rent-native infrastructure fundamentally changes the equation. It ensures that while tenants may pay in smaller, more frequent instalments, landlords continue to receive payments with the same consistency as before.

This is where technology—particularly AI—plays a critical role.


Reducing Administrative Burden at Scale

One of the most overlooked challenges in the shift to monthly rent is operational load.

Every additional payment cycle introduces:

  • Payment tracking
  • Reminder management
  • Reconciliation
  • Exception handling

Multiply this across multiple tenants and properties, and the administrative burden grows exponentially.

For landlords managing portfolios, this isn’t just inefficient—it’s unsustainable.

Modern rental infrastructure removes this friction by automating the entire lifecycle:

  • Smart payment scheduling aligned with lease terms
  • Automated collections and confirmations
  • Real-time dashboards for visibility
  • Integrated reporting for financial clarity

The result is not just convenience—it’s operational transformation.

Landlords are no longer in the business of chasing payments; they are enabled to focus on asset performance and portfolio growth.


De-Risking the Monthly Model

A key concern for landlords is risk.

Monthly payments inherently introduce more points of failure. A single missed payment is no longer an isolated event—it becomes part of a recurring pattern that can quickly escalate.

This is where intelligent systems can shift the paradigm.

By leveraging AI-driven underwriting and behavioral insights, modern rent platforms can:

  • Assess tenant reliability before onboarding
  • Monitor payment patterns in real time
  • Flag potential risks early
  • Enable proactive intervention

This transforms rent collection from a reactive process into a predictive one.

For landlords, this means fewer surprises—and greater control.


Strengthening Landlord-Tenant Relationships

Interestingly, the right infrastructure doesn’t just protect landlords—it also improves relationships with tenants.

When systems are transparent, payments are seamless, and expectations are clearly defined, friction reduces significantly.

Tenants benefit from:

  • Flexible payment options
  • Clear visibility into dues and schedules
  • Reward-linked payment behaviors

Landlords benefit from:

  • Timely payments
  • Reduced disputes
  • Greater tenant retention

In a market like the UAE, where tenant mobility is high, this alignment becomes a strategic advantage.


Market Overview: Rethinking Rent in the UAE

The UAE stands at a pivotal moment in its rental evolution.

As tenant expectations shift toward flexibility and digital-first experiences, the industry must respond with systems that match this pace. An AI-powered rental layer has the potential to redefine the ecosystem—bringing certainty to landlords, transparency to tenants, and confidence to every lease.

By embedding intelligence into the rental process, the market can move beyond outdated trade-offs and toward a model that is both flexible and secure.


The Future: Invisible Infrastructure, Visible Impact

The most effective infrastructure is often the least visible.

In the future, landlords shouldn’t have to think about how rent is collected, tracked, or reconciled. It should simply work—reliably, consistently, and intelligently.

Monthly rent is not a passing trend; it is the direction the market is heading. But its success depends on the systems that support it.

For landlords, the opportunity is clear:

  • Embrace flexibility without sacrificing certainty
  • Reduce operational complexity without losing control
  • Leverage technology to turn risk into predictability

The shift is not just about how rent is paid—it’s about how rent works. And those who invest in the right infrastructure today will define the standards of tomorrow.

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