ELEVATE, the visionary lifestyle real estate brand behind Mondrian Al Marjan Island Beach Residences, has announced a landmark transaction exceeding AED 127.5 million. Developed in partnership with globally recognized lifestyle hospitality company Ennismore, the monumental deal underscores the extraordinary demand for premium, branded beachfront residences on Al Marjan Island.
The transaction was secured by THRIVESTATE Square Real Estate, reflecting surging investor confidence in Ras Al Khaimahโs evolving luxury residential landscape and a growing global appetite for design-led waterfront living. As beachfront inventory on the island becomes increasingly constrained by geography, buyers are aggressively targeting developments that offer both cultural relevance and absolute scarcity.
Redefining Luxury Waterfront Living
The historic deal highlights sustained momentum across Ras Al Khaimah, driven by ultra-luxury projects that seamlessly blend lifestyle, architecture, and hospitality.
Commenting on the market’s trajectory, Zeeshaan Shah, Founder & CEO of ELEVATE, stated: “The market response has been nothing short of phenomenal, and we are honoured to have built this momentum alongside an exceptional community of broker partners and buyers who share our vision. This also marks the arrival of Ras Al Khaimah on the global stage. After the Burj Al Arab, the Burj Khalifa, and the Louvre Abu Dhabi, the Wynn Al Marjan is the UAE’s next global icon, and its opening next year will be a headline event felt around the world. At the heart of this transformation is Mondrian Al Marjan Island Beach Residences: a living destination for those who seek art, culture, beauty, and a deeper, more intentional way of life. Prime beachfront real estate here is now extremely limited, very soon, we will be speaking of it only in hindsight.”
Unprecedented Market Velocity and Performance
To celebrate this milestone, ELEVATE recently hosted an exclusive gathering for leading UAE brokers at Delano Dubai, recognizing the strategic partnerships driving the projectโs commercial success.
Key Performance & Construction Milestones:
- Rapid Sales Velocity: Nearly 200 luxury residences have been sold to date, with initial phases fully reserved within hours of launch.
- Shoring Completed: On-site construction is progressing steadily, with shoring now 100% complete.
- Excavation & Anchoring: Anchor installation has reached 80%, while excavation is progressing efficiently at 50%.
- Target Handover: The premium beachfront development remains strictly on track for its targeted 2029 delivery.
Lior Poly, CEO of THRIVESTATE Square Real Estate, added:โMondrian Al Marjan Island Beach Residences stood out for its strong lifestyle positioning, iconic branding, and clear appeal to both primary and second-home buyers. The project captures the essence of modern beachfront living by combining design excellence with a compelling cultural and hospitality offering.โ
Following this robust market uptake, ELEVATE is preparing to introduce a highly limited collection of exclusive townhouses and sky villas. This next phase presents regional and international buyers with a rare opportunity to secure curated, design-forward homes within one of the UAEโs most anticipated beachfront destinations.
For more insights on the Real Estate and Beachfront Living, visit the links: Rotana partners with Nubia Sharm to unveil Sea Beach Hotel, Edge
UAQ Properties and Deyaar Partner For Umm Al-Qawain Beachfront Projects
Shurooqโs beachfront project Ajwan Khorfakkan attracts strong investor interest
DAMAC Expands Into RAK With Inaugral Branded Beachfront Luxury Residences
From Vision to Value: Real Estate Transformation in MENA Region
PropertyFinder invests in Stake to boost MENA Real Estate Tech Ecosystem
