Mantra Properties’ newly launched Jacob & Co Residences has set a new record on Al Marjan Island, Ras Al Khaimah, after generating more than Dhs 300 million in sales within 12 hours of its launch.
The project, developed in collaboration with the luxury watch and jewelry brand Jacob & Co, marks the island’s fastest-selling property to date.
Strong investor demand
Valued at Dhs 400 million, the branded residential tower drew strong interest from investors and high-net-worth individuals, with over 80 percent of sales coming from expatriate residents and international buyers. The results underscore the UAE’s growing reputation as a global destination for luxury real estate.
Arch. Abdulla Al Abdouli, Group CEO of Marjan, said, “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.”
Project features
Designed as a statement of elegance, the development will feature 223 limited-edition residences, including studios, one-bedroom, and two-bedroom apartments, with prices starting from Dhs 1.01 million. Handover is scheduled for the fourth quarter of 2027.
Residents will have access to a range of branded amenities, including a rooftop fitness and wellness club, an infinity pool with cabanas, a family zone with multiple pools, and a rooftop observatory lounge with panoramic views. Concierge and security services will operate around the clock.
Ankit Gupta, Managing Director of Mantra Properties, said, “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.”
Global luxury partnership
Jacob Arabo, Founder and Chairman of Jacob & Co, added, “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.”
The launch forms part of both brands’ regional growth strategy. Mantra Properties plans five new projects across the UAE in the next three years, representing a portfolio worth Dhs 1.3 billion. For Jacob & Co, the Ras Al Khaimah project expands its residential portfolio following previous developments in Dubai and Abu Dhabi.
