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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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BATTERSEA POWER STATION WRITES NEXT CHAPTER OF 42-ACRE REGENERATION

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An aerial image of the 42-acre Battersea Power Station masterplan with 16 acres of the brownfield site to develop (left) – Credit High Level Photography. A CGI of the next chapter of Battersea Power Station, delivering up to 3.2 million sq ft of mixed-use development. Buildings are indicative only and subject to design detail and Reserve Matters applications (right) – credit Studio Egret West.

Battersea Power Station has submitted a planning application to evolve the development’s masterplan for the remaining 16 acres of the 42-acre riverside neighbourhood, setting out an ambitious vision for the next chapter of one of Central London’s last large-scale brownfield sites.

Proposing up to 3.2 million sq ft of residential, commercial and leisure space across 16 acres, the future phases of Battersea Power Station will nearly double the scale of development already delivered across the thriving riverside neighbourhood.

Renowned master planner, urban designer and landscape architect, Studio Egret West, has refreshed the original masterplan by Rafael Viñoly, which is over 15 years old, to respond to major changes in urban living, working and how people spend their leisure time. It also reflects feedback received through public consultation and stakeholder engagement which took place throughout the summer.

 

A CGI of the view from Battersea Park Road towards the Grade II* listed Power Station. Buildings are indicative only and subject to design detail and Reserve Matters applications (right) – credit Studio Egret West.

Recognising the diverse needs of people living within a city and building on the success of the first half of the riverside neighbourhood, the future phases will continue to follow a mixed-use approach. Commercial spaces of varying sizes and designs will support a broad range of businesses, alongside new homes, cultural and leisure venues, furthering Battersea Power Station’s vision of creating a vibrant and inclusive place for all.

Studio Egret West’s new proposals adapt Viñoly’s original masterplan by dividing each of the remaining phases into clusters of smaller buildings, helping the neighbourhood to feel more open and connected with the wider area. The plans also introduce a finer network of streets, laneways, courtyards and passages, which will give people a greater choice about how they move through the neighbourhood.

New sightlines through the future buildings will create stronger visual connections to the Power Station, helping the local community engage with the restored landmark while ensuring it remains the dominant architectural feature of the riverside neighbourhood.

The emerging landscaping proposals help to stitch Battersea Power Station together with the wider Nine Elms area, by including a ‘green handshake’ across Nine Elms Lane connecting

directly to Nine Elms Park. A planting strategy has also been developed with biodiversity and a changing climate in mind, featuring a varied mix of resilient species and references to Battersea’s history, including lavender.

A ‘Third Generator’ is a core part of the emerging vision. Inspired by the Power Station’s history of generating one-fifth of London’s electricity. The ambition is to create a dynamic venue that brings together a diverse mix of uses and experiences spanning the arts, music, fashion, food, education, sport and the wider creative industries.

Phase 5A, within the future phases, has already received detailed planning permission and will deliver 200 new council homes in partnership with Wandsworth Council. The remaining phases will be subject to design detail and Reserved Matters applications.

Tan Sri Shahril Ridza Ridzuan, Chairman of Battersea Project Holding Company, said: “The submission of our revised masterplan for the remaining 16-acres of Battersea Power Station is a critical step forward in realising the vision for this vibrant mixed-use neighbourhood. Projects of this scale and ambition take decades to bring to fruition, during which time cities naturally evolve and advance, and it’s our duty as custodians of a major undeveloped part of the city to take account of these adjustments.

When we embarked on this project in 2012, we understood the scale of the challenge ahead, from restoring a derelict Grade II* listed landmark to investing in major public infrastructure to support the mixed-use eco-system. Our steadfastness and relentless commitment to delivery remains as strong today as it was 14 years ago, and this is reflected in our ambitious revised masterplan for the remaining phases.”

James Saunders, CEO of Battersea Power Station Development Company, said:

“The last decade has seen events like Covid-19 and digital integration into everyday life blur the boundaries between work, living and leisure time, all fundamentally changing how we interact with cities. Responding to this, our refreshed masterplan seeks to place community and connection at the core of Battersea Power Station.

From green spaces, to expanding London’s cultural scene, championing business innovation, creating new homes and delivering thousands of new jobs, our proposals for the next chapter of Battersea Power Station will build upon our existing successes and create a future-proofed neighbourhood that London can be proud of.”

David West, Founding Director at Studio Egret West, said:

“The revised masterplan builds on the success of the first half of the Battersea Power Station story, creating opportunities for more homes, workplaces, retail and leisure including a new hybrid cultural venue. The future phases will be more permeable, inclusive and intriguing, with an expanded network of playful, artistic and biodiverse public spaces. The refreshed vision is also deliberately flexible, leaving room for serendipity, while remaining responsive and resilient to what we’ve learned from the journey so far. It’s about commerce, culture, community and curiosity working in harmony.”

Battersea Power Station has become a global blueprint for regeneration, transforming the former coal-fired Power Station and surrounding brownfield site into a thriving mixed-use neighbourhood home to over 3,000 residents, 8,000 workers and welcoming millions of visitors each year.

Major public infrastructure has firmly established Battersea Power Station’s position in Central London, including the Northern Line Extension which opened five years ago. This improved connectivity has helped support the delivery of more than 2,200 homes, c. 800,000 sq ft offices and over 170 British and international brands now open across the riverside neighbourhood.

Culture and community are equally central to the neighbourhood’s success. A growing programme of large-scale events, including last weekend’s celebrASIA festival, demonstrates Battersea Power Station’s role not only as a place to live and work, but as a destination that brings people together.

Progress is already being made on the next phases of development with construction beginning earlier this month on Prospect Place South, two new buildings designed by Gehry Partners. The buildings are part of Frank Gehry’s first and only UK residential development, and will provide approximately 300 homes, 65,000 sq ft of commercial space and a 15,000 sq ft community hub, while completing the pedestrianised high street, Electric Boulevard.

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H.E. Dr. Thani Bin Ahmed Al Zeyoudi attends “2026 K-Premium Products Fair in Dubai”

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COEX, President, Jo Sang Hyeon has launched the first ‘2026 K-Premium Products Fair in Dubai’, taking place from September 29 to October 1 at InterContinental Dubai Festival City in Dubai, to support promising Korean SMEs in entering the Middle Eastern market and expanding their export channels.

H.E. Dr. Thani Bin Ahmed Al Zeyoudi, Minister of Foreign Trade for the United Arab Emirates, graced the occasion with his presence and delivered the keynote address. Lee Won-ik, Ambassador of the Republic of Korea to the United Arab Emirates and Mr. Jonghoon Han, Director of COEX, were also present at the event. Jo Sang Hyeon, President of COEX, said, “This event, the first COEX is presenting in Dubai, is meaningful as both an initiative to support Korean SMEs entering the Middle East and a starting point for expanding COEX’s overseas business into the region. We aim to support promising Korean SMEs by facilitating direct consultation with local buyers and enabling them to assess consumer responses so that they can practically evaluate their potential to enter the Middle Eastern market. Going forward, we will continue to expand export channels for Korean companies across the GCC and throughout the Middle East by leveraging our global exhibition and buyer networks.’’

This is the first event being organized by COEX in Dubai and marks its first exhibition in the Middle East as COEX expands its overseas business operations following Vietnam and Indonesia. It connects Korean consumer-goods companies with buyers from the six Gulf Cooperation Council (GCC) countries—Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman—and connect the companies with local market local market validation and sales opportunities.

A total of 50 promising Korean consumer-goods companies have participated across categories including beauty and fashion, living and interior, food and beverages, and other consumer products. A key feature of the event is its one-on-one export consultation program, connecting participating companies with distributors and purchasing representatives from major retail networks across the GCC markets, including the UAE, Saudi Arabia, and Qatar.

COEX has leveraged its global buyer network and local agents to identify and match potential buyers in advance according to each participating company’s product portfolio and export needs. COEX is also providing consultation and export support aimed at helping participating companies enter local distribution networks.

Alongside the export consultations, the event features an offline local showcase and an online sales programme designed to introduce participating brands to the local market. Before and after the event, participating companies’ products are being showcased to local consumers at major retail facilities in Dubai.

Following the event, COEX will support cross-border trade (CBT) online sales for approximately two months, allowing participating companies to assess consumer interest and market potential.

COEX plans to use its first Dubai event as a stepping stone to expand into the Middle Eastern market, leveraging its experience and networks in consumer-good exhibitions and export-support in Vietnam and Indonesia to strengthen its presence across the GCC and the wider Middle East and North Africa (MENA) region.

EVENT OVERVIEW

Event Name: ‘2026 K-Premium Products Fair in Dubai’

Date: September 29 (Tue) – October 1 (Thu), 2026

Venue: InterContinental Dubai Festival City, Dubai, UAE

Main Product Categories: Promising consumer goods, including beauty and fashion, living and interior, food and beverages

Programs: One-on-one export consultations, offline showcase, online sales linkage, VIP networking, visits to local retail facilities

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What If AI Could Run Your Business? AI Moves from Chat to Action

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Artificial intelligence is moving beyond chatbots and content generation. Dubai-based technology company Hash Include is unveiling Scarlett, a new business platform designed to let an AI assistant work directly with live company data, prepare operational tasks and support day-to-day business processes while keeping sensitive decisions firmly under human control.

Rather than functioning as another AI tool layered on top of existing software, Scarlett brings sales, purchasing, stock, manufacturing, finance, projects, people and documents into one connected system, giving businesses a single-view of their operations.

The platform has been developed by Anas Abdul Latheef, Founder and technology expert at Hash Include, drawing on the company’s experience building and integrating operational systems since 2014 across government, transport, logistics, postal, healthcare and industrial environments, including platforms operating at national scale.

From answering questions to doing the work

Scarlett’s built in assistant is designed to work with a company’s live business data. Users can ask questions in plain language, identify issues requiring attention and prepare routine tasks within the permissions assigned to them.

The assistant can surface overdue invoices or low stock, prepare work for authorised users and create an outbound payment batch for review. But it cannot bypass user permissions, credit limits, minimum margins or required approvals. Payments, credit notes, deletions and permission changes require human confirmation.

That distinction is central to the platform. AI can prepare the work, but people remain responsible for high-risk decisions.

For payments, Scarlett can prepare a batch and flag potential issues such as duplicate invoices or changed bank details. An authorised human checker must then review and release the payment.

AI without being locked to one AI company

Another feature of Scarlett is its approach to the AI model itself.

The platform is designed so businesses can choose which AI model powers the assistant and change that model later without changing their underlying business system, records or workflows. The product documentation identifies options including Claude, Gemini, OpenAI and Llama, as well as other open weight models.

For organisations with stricter data requirements, the assistant can also run on controlled infrastructure using an open weight model. Businesses can also operate Scarlett without an AI assistant if they choose.

Built around the way businesses actually work

Scarlett is designed to be configured around individual business processes rather than forcing companies into a rigid workflow.

Fields, documents, numbering, approval stages, permissions and terminology can be configured around the organisation. Where an industry requires functionality beyond the platform’s standard capabilities, Hash Include says it can be developed as a dedicated module within the system rather than leaving the process dependent on spreadsheets or disconnected tools.

The platform can support different industry requirements, including construction, manufacturing, trading, field services, professional services and retail.

Keeping sensitive business data under control

Scarlett is designed as a single tenant system, meaning each company’s dedicated system, database, encryption keys and backups are separated from those of other customers.

The platform documentation also describes deployment in the jurisdiction required by the customer, including in country UAE deployment, alongside nightly backups, scheduled restore testing and time limited, logged administrative access. Customer records are not used to train an AI model.

For businesses already relying on legacy systems, Scarlett is designed to connect rather than necessarily replace them. The platform supports REST APIs, webhooks, scheduled data transfers, email capture and single sign on, allowing existing applications, payment systems, storefronts, logistics platforms and other services to remain part of the technology stack.

A gradual shift rather than a complete system overhaul

Hash Include’s rollout model is designed to introduce Scarlett progressively. The company’s documentation describes an initial phase for creating the customer’s dedicated instance and loading existing data, followed by configuration of business processes, permissions and approvals.

The first operational area typically goes live around the second week, with purchasing, stock, invoicing, accounts and projects introduced progressively thereafter.

Anas Abdul Latheef, Founder of Hash Include, said:

“Businesses don’t need another AI tool sitting beside the systems they already use. They need technology that understands how the business actually operates and can help move that work forward. Scarlett is built around that idea, connecting the business first, putting AI inside the workflow, and making sure automation remains subject to the company’s own permissions, processes and people.”

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