ATARA Improvement has introduced a landmark settlement with Marriott Worldwide to open The Residences on the Sheraton Al Marjan Island Resort, set to be the GCC’s first Sheraton-branded residences. Situated on Al Marjan Island in Ras Al Khaimah, this marks ATARA’s enlargement into premium property improvement. Co-located with the Sheraton Al Marjan Island Resort, the beachfront residences function 141 items. The settlement was signed within the presence of dignitaries of Marjan and Marriott, together with Arch. Abdulla Al Abdouli, CEO of Marjan, who joined ATARA management to commemorate the milestone.
This flagship venture is the cornerstone of ATARA Improvement’s increasing portfolio, underscoring the corporate’s strategic shift in the direction of major improvement. With a sturdy pipeline of over 1 million sq. ft deliberate within the subsequent two years, it represents a significant step in ATARA’s development. Constructing on a powerful monitor file of sold-out tasks in Dubai’s most prestigious places reminiscent of Pearl Jumeirah Island, La Mer South Island, and Dubai Islands, this collaboration with Marriott Worldwide units a brand new benchmark in luxurious residing and reinforces ATARA´s place as a lead developer.
“We’re delighted to welcome ATARA Improvement and The Residences at Sheraton Al Marjan Island Resort to our vibrant group,” stated Arch. Abdullah Al Abdouli, CEO of Marjan. “Situated on the prime shores of Al Marjan Island, this venture displays the caliber of world-class developments we envision for our vacation spot. By combining ATARA’s experience in luxurious residences with Sheraton’s legacy of hospitality excellence, it presents a particular proposition for each residents and traders — additional strengthening Al Marjan Island’s place because the area’s premier coastal life-style hub. We sit up for seeing this landmark venture come to life.”
The projected development of Al Marjan Island continues to be an immense draw for patrons and traders not solely with a residential market increase but in addition a surge in tourism and hospitality. The Ras Al Khaimah economic system is on monitor to develop by a median of 4 per cent yearly from 2024 to 2027*, paving the best way for a few of the largest names in hospitality and actual property.
As one among solely a restricted variety of Sheraton-branded residences worldwide, The Residences at Sheraton Al Marjan Island Resort will provide a uncommon alternative for elevated waterfront residing. The beachfront improvement will function trendy structure, elegant interiors, over 50 world-class facilities, and in-house hospitality companies franchised by ATARA Improvement, guaranteeing residents and friends take pleasure in resort-style residing reflecting the requirements of the long-lasting world Sheraton model. These residences showcase Sheraton’s lovely design method, with fluid, but acquainted areas, created with a particular fashion. Backed by ATARA’s in-house building workforce, each aspect of the venture is meticulously executed, from structural precision to the best particulars, reflecting the best requirements of high quality and class.”
“For ATARA, this flagship venture marks a defining second as we set up our id within the UAE’s actual property market — one which goes far past bricks and mortar,” stated Umid Bazarov, Chief Working Officer of ATARA Improvement. “It paves the best way for a future constructed on prime, strategic places and premium luxurious, distinguishing us in a aggressive panorama. Extra than simply our first improvement, it represents a brand new chapter the place we craft full life-style ecosystems, not simply properties. Our imaginative and prescient for The Residences at Sheraton Al Marjan Island displays the aspirations of discerning shoppers and what they really need — a benchmark venture that may ship an expertise they will sit up for with confidence.”
Sandeep Walia, Chief Working Officer, Center East and Luxurious, Europe, Center East, and Africa, Marriott Worldwide stated, “The Residences at Sheraton Al Marjan Island Resort mark a strategic milestone in our world residential portfolio. As the primary Sheraton residences within the GCC, this improvement will champion the model’s wealthy historical past of service and legacy of fostering connections. We’re delighted to collaborate with ATARA Improvement to carry this imaginative and prescient to life and ship the Sheraton expertise that displays a way of belonging, accomplishment, and success for the residents.”