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Jacob & Co Residences by Mantra Properties Records AED 300 million in Sales Within 12 Hours of Launch Marking a Historic Milestone for Al Marjan Island

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Three business professionals posing with an architectural model of Jacob & Co Residences, a modern multi-story residential building with palm trees and rooftop greenery

Mantra Properties’ latest ultra-luxury development, Jacob & Co Residences, in collaboration with the iconic watch and jewelry brand Jacob & Co, has achieved a record-breaking milestone, registering over AED 300 million in sales within just 12 hours of its launch. The remarkable response marks a historic moment for Al Marjan Island, setting a new benchmark as the fastest-selling project on the island to date.

The exclusive AED 400 million branded development witnessed an overwhelming demand from investors and high-net-worth individuals, underscoring the UAE’s continued dominance as a hub for branded luxury living. Over 80% of investors’ interest came from expatriate residents and international buyers, highlighting the region’s global appeal for high-end real estate investments.

Speaking at the launch, Arch. Abdulla Al Abdouli, Group CEO of Marjan, commented, “I would like to congratulate the teams at Mantra Properties and Jacob & Co for such a successful launch of the Jacob&Co Residences on Al Marjan Island. A project of this stature truly reflects our vision to bring the best of global luxury brands into Ras Al Khaimah’s thriving lifestyle landscape. This project will not only elevate the island’s appeal but also redefine what modern luxury living means in this region and we wish all stakeholders continued success in Al Marjan Island and beyond.”

Commenting on the milestone, Ankit Gupta, Managing Director of Mantra Properties, added, “This milestone represents the culmination of Mantra’s two-decade legacy of design excellence and innovation. Jacob & Co Residences is not merely a development, it’s a statement of craftsmanship, ambition, and vision. The unprecedented response we’ve received reinforces the demand for curated luxury experiences that combine artistry, architecture, and aspiration. We’re proud to deliver a project that redefines luxury living in Ras Al Khaimah.”

Designed as a symbol of elegance and artistry, Jacob & Co Residences will comprise 223 limited-edition residences featuring a curated selection of studio, one-bedroom, and two-bedroom apartments, with prices starting from AED 1.01 million. The project is slated for handover in Q4 2027, and promises an exclusive lifestyle that merges high design, wellness, and experiential luxury.

Set against the scenic waterfront of Al Marjan Island, Jacob & Co Residences embodies the spirit of “an address for life’s finest hours” through its meticulously designed spaces and exceptional J&Co  branded amenities that include:

  • The Wellness Club @ J&Co – featuring a rooftop fitness club, yoga deck, sauna, and zen garden for holistic well-being.
  • The Pool Club @ J&Co – an elegant sanctuary with an infinity pool, pool bar, and in-pool cabanas overlooking the Arabian Gulf.
  • The Observatory @ J&Co – a sophisticated rooftop retreat offering a viewing deck, residents’ lounge, golf simulator, and outdoor cucina.
  • Family Zone – featuring a kids’ pool, lazy pool, and glass boom pool designed for leisure and connection.
  • 24/7 concierge, security, and Wi-Fi-enabled common areas, ensuring comfort, convenience, and privacy for every resident.

Building on that sentiment, Mr. Jacob Arabo, Founder & Chairman of Jacob & Co, said,”Just as each Jacob & Co timepiece tells a unique story of artistry and innovation, Jacob & Co Residences on Al Marjan Island will narrate a new chapter in luxury living. We have infused this project with the same dedication to perfection that defines our watches and jewelry. Each of these 223 residences are a masterpiece in its own right, where every resident will experience the Jacob & Co philosophy of turning beauty and craftsmanship into reality.”

This launch represents a continuation of both brands’ regional vision. For Mantra Properties, it reinforces its strategic expansion across the UAE, with five upcoming projects planned over the next three years expected to bring a portfolio of AED 1.3 billion to market. For Jacob & Co, it marks another milestone in the brand’s growing portfolio of residential developments, following successful ventures in Dubai and Abu Dhabi.

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WESTERN FURNITURE Highlights Tomasella’s Sustainable Italian Design for UAE Homes

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As the world turns its attention to the preservation of our planet on Earth Day, Western Furniture is proud to highlight Tomasella—a brand that has spent 70 years proving that luxury design and environmental responsibility are inseparable. With roots firmly in the past and a clear vision for the future, Tomasella balances a rich history with a tireless vocation for technological and creative innovation.

For Tomasella, sustainability is a philosophy rooted in social and ethical solidarity .This harmony between ethical codes and material analysis ensures meeting the needs of the present without compromising the ability of future generations to meet their own. This is the profound commitment to quality and earth-conscious living you embrace when you choose Tomasella for your home.

Explore a wide range of models at Western Furniture that can be fully customized through an extensive choice of materials, colors, and textures, allowing for a personal touch in every sustainable space.

The Porticello Collection: Designed by Massimiliano Minuti, this set combines modern elegance with classic Italian design. Finished in Rovere Moka with Materico Basalto Lucido accents, the King Bed and matching dresser exude a high-end, serene atmosphere.

The Porticello Dining Table: A striking example of architectural design, blending organic shapes with minimalist proportions. The thick pedestal base features an asymmetrical oval cutout, giving the monolithic structure a sense of “lightness.” Its warm taupe matte finish perfectly complements natural textures like jute and velvet.

The Clio Bed: Featuring a natural oak wood finish and pure lines, the Clio focuses on minimalism. Its gracefully curved headboard is fitted on an airy frame, creating a pleasant feeling of relaxation that makes it easy to concentrate on dreams and slumber.

The Morfeo Bed: This designer solution expands the traditional concept of a bed by integrating a shelf and bedside tables into one clever, practical piece. With reclinable headboard cushions for reading or watching TV, it pairs functional versatility with a harmonious silhouette.

Eros Bed: The Eros bed features a unique design with a rounded frame that wraps the mattress, offering supreme comfort and wellbeing. The delicate stitching along the headboard and bed frame accentuates its contemporary elegance.

The Lunato Bed: Sleek comfort and modern elegance – The Lunato Bed brings a refined touch to your bedroom with its minimalist design and plush upholstery. We invite you to experience the intersection of Italian heritage and environmental stewardship. Discover how Tomasella’s commitment to “people-first” sustainability can transform your living space into a sanctuary for the future.

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RIVIERA RESIDENCES ON AL REEM ISLAND ENTERS DEEP FOUNDATION WORKS AS MERED MAINTAINS CONSTRUCTION MOMENTUM

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MERED, the award-winning developer, has announced that main piling operations are now progressing at Riviera Residences, a waterfront residential tower in Abu Dhabi, Al Reem Island. The milestone follows the completion of 60% of enabling works, including guide walls, shoring, contiguous piling, and ground improvement across both zones, as well as deep foundation works. The progress underscores the resilience of Abu Dhabi’s premium residential market and the strength of the emirate’s off-plan delivery.

Riviera Residences is one of the capital’s most distinctive waterfront addresses, designed by Pritzker Prize-winning architects Herzog & de Meuron and located within Abu Dhabi Global Market. Conceived as a resort-style residence, the development will offer more than 400 apartments and 11 exclusive villas, including sky villas, ocean villas, and a penthouse, set within landscaped gardens and a vibrant waterfront promenade with cafés, boutique retail, and dining.

Construction is ongoing without interruption amid a period of change across the wider region. The site team has stayed on schedule through proactive planning and close collaboration between the contractor (NSCC) and the consultant team (DAR ALHANDASAH). The project has recorded more than 85,000 safe man-hours to date with no lost-time incidents, a reflection of the safety culture the team has built and maintained throughout.

Michael Belton, CEO of MERED, said: “This milestone is a direct result of the quality of the teams we have on the ground, but it is also a testament to the resilience of the UAE’s real estate sector. Abu Dhabi in particular continues to attract serious, long-term investment. This project was always conceived as something that could stand the test of time. That ambition has not changed, and neither has our commitment to delivering it.”

The project’s progress comes at a time when Abu Dhabi is further strengthening its investment environment in line with Abu Dhabi Vision 2030 and its broader focus on sustainable urban growth, transparency, and long-term economic development. New measures introduced have strengthened Abu Dhabi’s real estate regulatory ecosystem, introducing integrated controls, improving operational efficiency, and ensuring transparency across the market. Together, these reinforce investor confidence and the emirate’s position as a stable, well-regulated residential market.

Riviera Residences is supported by a group of highly regarded delivery and design partners whose combined expertise strengthens every stage of the development. Pritzker Prize-winning architects Herzog & de Meuron; one of the region’s most experienced ground engineering and enabling works specialists, NSCC International Ltd.; internationally recognised engineering consultants  DAR ALHANDASAH, and Paris-based landscape consultants Michel Desvigne Paysagiste (MDP), are reinforcing MERED’s focus on long-term placemaking.

As construction moves forward, all stakeholders remain committed to delivering a high-quality development that contributes to the emirate’s vision for modern, sustainable urban living.

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ALMAL CONFIRMS 23% COMPLETION AT THEIR SOLD-OUT DEVELOPMENT – THE UNEXPECTED AL MARJAN ISLAND HOTEL & RESIDENCES

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Almal Real Estate Development, a Dubai-based, award-winning investment and real estate development company, today announced that construction is already 23% completed, at its record-breaking, sold-out project, The Unexpected Al Marjan Island Hotel & Residences in Ras Al Khaimah. Following launch, the project sold out faster than was anticipated, achieving the highest price point per square meter on the island at AED 6.300 PSF, receiving numerous accolades and business milestones from Marjan.

The construction is progressing on schedule and without delay towards its 2027 handover. This once again reinforces ALMAL’s commitment to its buyers as well as reinstating  the sustained market value of premium developments on Al Marjan Island.

The milestone follows regular site visits by Founder of Almal Real Estate Development, Dmitriy Starovoitov, who confirmed that construction activity remains fully on track, with no delays or disruption, as cranes move continuously and development milestones are met. Amid global economic uncertainty, the uninterrupted pace of construction signals supply chain reliability, workforce stability, and sustained investor confidence, highlighting the consistency of project delivery in the UAE.

“Reaching this milestone at The Unexpected Al Marjan Island Hotel & Residences reflects disciplined execution and strong alignment across our partners,” said Starovoitov. “This sold-out project has been strongly received in the market, and the consistency of progress on site reflects the UAE’s stable and resilient economic environment, supported by reliable supply chains and sustained investor confidence. Our focus remains on delivering a high-quality, world-class project that aligns with market demand and contributes to the continued growth of Ras Al Khaimah.”

Located on the pristine shores of Al Marjan Island, the project is managed by the globally renowned Palladium Hotel Group, and comprises 422 five-star hotel rooms and branded residential units. Inspired by the vibrant energy of Ibiza, the development blends architectural elegance with a dynamic hospitality concept, offering direct proximity to the upcoming Wynn Al Marjan Island resort, the UAE’s first integrated destination, set to open in 2027. Designed to blend seamlessly with its natural surroundings, the project delivers a refined beachfront experience defined by elevated amenities, world-class service, and a distinctive lifestyle offering that sets it apart within the region.

Al Marjan Island continues to gain momentum as one of the UAE’s most compelling investment destinations, positioning Ras Al Khaimah as a rising luxury and tourism hub with strong long-term fundamentals. Less saturated than Dubai, yet supported by increasingly mature infrastructure, the emirate has quietly established itself as a strategic growth market attracting international capital and developer interest.

Tourism figures reached 1.35 million visitors in 2025, marking a 6% year-on-year increase, with projections indicating growth to nearly 5.5 million visitors by 2030. The highly anticipated Wynn Al Marjan Island resort is expected to further accelerate demand in the surrounding area, reinforcing the island’s status as a focused investment zone with strong projected returns and long-term growth potential.

Almal Real Estate Development continues to expand its global portfolio across high-growth markets, delivering premium residential, hospitality, and mixed-use developments in partnership with internationally recognised operators in Bali, Cyprus and UAE.

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