On Al Marjan Island
International luxurious retail and jewelry model Jacob&Co and Indian actual property developer Mantra Properties have signed a strategic partnership to ship the primary ultra-luxurious Jacob&Co absolutely branded and absolutely furnished residential tower on Al Marjan Island in Ras Al Khaimah emirate within the United Arab Emirates (UAE).
The settlement, which was formalised at a personal signing ceremony in Dubai on July 8, 2025, additionally signifies Mantra’s first step into the UAE actual property market and its plans for broader regional growth within the coming years.
The brand new residential improvement, Mantra x Jacob&Co Residences, would be the first of its type for New York-based Jacob&Co, recognized globally for its high-end watches and jewelry.
It also marks Mantra’s first foray into the UAE real estate market, with the corporate outlining plans for broader regional growth within the coming years.
This partnership combines luxurious actual property with high-end timepieces, providing a complicated and unique dwelling expertise.
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No timeline for mission completion has been introduced, however officers from each corporations confirmed that building is anticipated to start inside the subsequent 12 months. The precise variety of items and pricing particulars haven’t been disclosed but.
Talking on the occasion, Abdullah Al Abdouli, CEO of Al Marjan, mentioned the mission would add a singular dimension to the island’s rising luxurious actual property sector.
“That is greater than a mission,” he mentioned. “It’s carefully tied to our imaginative and prescient for Al Marjan. Each the model and the event have character and depth. We welcome Mantra and Jacob Co to Ras Al Khaimah.”
Al Marjan Island
Al Marjan Island, a man-made archipelago positioned off the coast of Ras Al Khaimah, has been attracting rising curiosity from actual property builders because the emirate advances its tourism and actual property initiatives in preparation for its built-in resort and gaming initiatives.
Rohit Gupta, CEO of Mantra Properties, described the partnership as a turning level for the corporate.
“This marks our official entry into the UAE,” he mentioned. “We’ve delivered over two million sq. ft of residential initiatives in India over the previous 18 years. Now, with Jacob&Co., we’re beginning a brand new chapter in a area that already understands and appreciates branded dwelling.”
Gupta added that Mantra plans to launch 5 initiatives throughout the Center East over the following three years, concentrating on a mixed saleable worth of AED 1.3 billion.
The mission on Al Marjan Island will supply residences that mirror the distinctive design language of Jacob&Co.
Jacob Arabo, Founder and Chairman of Jacob&Co, described the transfer as a pure evolution for the model. “That is the primary Jacob&Co residential constructing on the planet,” he mentioned. “We deliver the identical method to design and element that now we have in our watches. Each factor has been fastidiously thought of, making this mission really distinctive.”
Arabo said that the partnership with Mantra was not only a enterprise deal, however a union of shared values round creativity and precision. “We consider in turning concepts into actuality, and this improvement represents that perception. Our shared dedication to high quality and innovation reassures us of the success of this mission.”
Ankit Gupta, Government Director at Mantra Properties, highlighted that the residences are being meticulously designed to embody the distinctive design language of Jacob & Co.
He emphasised that the structure, interiors, and total expertise of the residences won’t simply be about luxurious, however about capturing the essence of each manufacturers. “The consequence will probably be a dwelling expertise that’s daring and immediately recognisable,” he added.
Whereas branded residences will not be new to the UAE, this improvement contributes to a rising pattern of design-led actual property within the northern emirates, that are seeing elevated funding amid broader financial diversification efforts.
Jacob&Co’s entry into the residential property market follows comparable strikes by different luxurious manufacturers in search of to develop their attain past conventional product classes.
For Ras Al Khaimah, the event aligns with the emirate’s technique of attracting world companions to assist its tourism and funding ambitions.
The occasion concluded with all events expressing their shared optimism concerning the mission’s potential to impression the area’s high-end property panorama considerably.
Hero picture: (L-R) Abdullah Al Abdouli, CEO of Al Marjan; Jacob Arabo, Founder & Chairman of Jacob&Co; Ankit Gupta, Government Director of Mantra Properties; and Rohit Gupta, CEO of Mantra Properties, after having signed the partnership settlement in Dubai on July 8, 2025. Credit score: Arnold Pinto