For upscale UAE growth
With a decade of dominance in India’s actual property sector, Pune-based Mantra Properties is stepping onto the worldwide stage by launching Jacob&Co Residences by Mantra, its first abroad luxurious growth at Al Marjan Island, Ras Al Khaimah, UAE.
In an unique interview in Dubai, Ankit Gupta, Government Director of Mantra Properties, spoke about why the UAE market was the pure selection for his firm, how the partnership with Jacob&Co got here to life, and what units this new enterprise aside from the various luxurious tasks already crowding the Emirates skyline.
Gupta acknowledged that the UAE is presently “the land of alternative.” With Ras Al Khaimah’s Al Marjan Island shortly turning into a magnet for worldwide tourism and growth—house to high international manufacturers like Nobu and Nikki Seashore—he stated it was solely logical for Mantra to make its mark there.
“We’re a nationwide model proper now with robust footprints in Pune and Mumbai. However we wish to go worldwide with one thing distinctive—branded actual property that the world will recognise,” Gupta stated.
Gupta defined that Mantra chosen the UAE over different high locations like Monaco or the US, emphasising the concentrate on ROI and high quality of life.
“The UAE offers a extra interesting return on funding—between 7% and 12% for short-term leases—versus 5% to six% within the US. This creates a win-win state of affairs for each traders and end-users.”
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The partnership with Swiss luxurious watchmaker Jacob&Co didn’t simply come out of skinny air.
Gupta revealed that talks started over a possible ultra-luxury undertaking in Pune. That laid the inspiration for deeper collaboration, finally resulting in a a lot larger imaginative and prescient for Ras Al Khaimah.
“Jacob Arabo [Founder & Chairman of Jacob&Co] himself is deeply concerned in each element—from the design to the model ethos. It’s not simply slapping a reputation on a board,” stated Gupta.
On selecting Jacob&Co over extra conventional luxurious names like Rolex, Gupta didn’t mince phrases. “Jacob makes artwork. Watches just like the Astronomia or Bugatti fashions usually are not simply timepieces—they’re masterpieces. That’s the type of artistry we wish to convey to this undertaking. Rolex is nice, however it’s purposeful luxurious. Jacob is experiential.”
Gupta unveiled particulars concerning the UAE undertaking—Jacob&Co Residences by Mantra, situated within the coronary heart of Al Marjan Island.
“It’s Jacob’s first totally furnished branded residence growth on Al Marjan Island,” he confirmed. The interiors will probably be fitted with handcrafted Italian furnishings, a part of Jacob Co’s newly launched furnishings line. “Each aspect will probably be curated to Jacob’s exacting requirements,” Gupta added.
The undertaking will characteristic studios, one-bedroom, and two-bedroom models. Whereas pricing has not been disclosed but, Gupta teased that the choices could be engaging each to end-users and traders.
Handover in Q3 2027
Slated for completion in Q3 2027, the AED400 million Jacob&Co Residences by Mantra undertaking will coincide with the opening of the extremely anticipated Wynn Resort at Al Marjan Island. Gupta defined that Mantra plans to have the undertaking prepared simply in time for the inflow of thousands and thousands of latest vacationers anticipated to flood the realm.
Gupta acknowledged the already saturated luxurious market within the UAE however believes Mantra’s providing is completely different.
“Most branded models in Al Marjan are already bought out. What we’re bringing is not only one other native identify—it’s Jacob Co, recognized globally in markets like Brazil, Mexico, and naturally, India,” he famous.
Being primarily based in India is a power, Gupta stated. “Each undertaking we now have launched has been delivered 16 months forward of schedule. We’ve constructed a legacy of belief,” he added. Mantra’s inside monetary self-discipline, robust planning, and execution document of accomplishment make it a dependable developer for Indian traders trying overseas, he stated.
Mantra has no plans of slowing down. Gupta confirmed upcoming tasks in Abu Dhabi, Dubai, and extra developments in Ras Al Khaimah. “After the Disneyland Abu Dhabi announcement, we see a surge of tourism forward, and we wish to be part of that story,” he stated.
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Getting into a brand new market at all times comes with challenges, Gupta acknowledged. However Mantra’s technique has been to remain humble and study. “We’ve spent over a yr understanding the UAE actual property ecosystem, partnering with the precise advisors, and absorbing all the pieces the market has to supply.”
In keeping with Gupta, the investor psyche is completely different in India and the UAE. Indian tasks are extra end-user pushed, providing 3-4% ROI. However within the UAE, you’re looking at double and even triple that. Indian traders are excited by these numbers and belief us to ship.”
Gupta was all reward for the UAE’s regulatory framework. “The authorities are extremely business-friendly. Escrow mechanisms are in place to guard patrons, and your complete system promotes transparency.”
He additionally acknowledged the numerous enchantment of the UAE Golden Visa. “For Indians, the possibility to achieve a UAE Golden Visa via property funding is a big draw. It’s about way of life, entry, and alternative.”
With meticulous planning, strategic model collaborations, and a daring worldwide outlook, Mantra Properties is positioning itself as a key participant on the worldwide luxurious actual property stage. As Gupta aptly summarised, “This isn’t only a undertaking—it’s an announcement.”
Hero picture: Ankit Gupta, Government Director of Mantra Properties. Credit score: Arnold Pinto