In a significant milestone for RAK real estate, ATARA Development has partnered with Marriott International to introduce The Residences at the Sheraton Al Marjan Island Resort, marking the arrival of the first Sheraton-branded residences in the GCC. Nestled on Al Marjan Island in Ras Al Khaimah, this ambitious project promises to elevate the luxury living experience in the region, combining premier hospitality with upscale residential offerings.
The project will be located on the stunning shores of Al Marjan Island, a prime waterfront destination.
This unique beachfront development will comprise 141 expertly designed units and will be seamlessly integrated with the Sheraton Al Marjan Island Resort, enhancing the allure of this coastal community.
Groundbreaking Development in the GCC
The formal agreement was executed in a ceremony attended by dignitaries from Marjan and Marriott, highlighting the importance of this venture. Arch. Abdulla Al Abdouli, CEO of Marjan, marked the occasion alongside ATARA’s leadership team. This partnership underscores ATARA’s commitment to expanding its footprint in primary property development and serves as a cornerstone in their growing portfolio.
With a strategic plan to invest over 1 million square feet in upcoming projects within the next two years, ATARA aims to build on its previous successes, including developments in Dubai’s upscale locations such as Pearl Jumeirah Island, La Mer South Island, and Dubai Islands.
“We are delighted to welcome ATARA Development and The Residences at Sheraton Al Marjan Island Resort to our vibrant community. Located on the prime shores of Al Marjan Island, this project reflects the caliber of world-class developments we envision for our destination. By combining ATARA’s expertise in luxury residences with Sheraton’s legacy of hospitality excellence, it offers a distinctive proposition for both residents and investors, further strengthening Al Marjan Island’s position as the region’s premier coastal lifestyle hub. We look forward to seeing this landmark project come to life,” said Arch. Abdullah Al Abdouli, CEO of Marjan.
Al Marjan Island is witnessing robust growth in both its residential markets and tourism sectors, creating fertile ground for developments like The Residences at the Sheraton Al Marjan Island Resort. The projected economic growth in Ras Al Khaimah, averaging 4 percent annually from 2024 to 2027, further attracts a host of hospitality and real estate operators.
Luxurious Living with Sheraton Standards
The Residences at Sheraton Al Marjan Island Resort will feature contemporary architecture and interiors, alongside an extensive array of more than 50 amenities designed to cater to a resort-style living experience. ATARA Development plans to introduce in-house hospitality services that align with Sheraton brand standards, ensuring an exceptional lifestyle for residents with a focus on cohesive design and fluid spaces.
“For ATARA, this flagship project marks a defining moment as we establish our identity in the UAE’s real estate market — one that goes far beyond bricks and mortar. It paves the way for a future built on prime, strategic locations and premium luxury, distinguishing us in a competitive landscape,” stated Umid Bazarov, Chief Operating Officer of ATARA Development. “Our vision for The Residences at Sheraton Al Marjan Island reflects the aspirations of discerning clients and what they truly desire — a benchmark project that will deliver an experience they can look forward to with confidence.”
ATARA’s dedicated in-house construction team will oversee all aspects of the project execution, ensuring that both structural integrity and finishing details meet the highest standards of quality and sophistication.
A Strategic Milestone for Marriott
“The Residences at Sheraton Al Marjan Island Resort mark a strategic milestone in our global residential portfolio. As the first Sheraton residences in the GCC, this development will champion the brand’s rich history of service and legacy of fostering connections,” remarked Sandeep Walia, Chief Operating Officer, Middle East and Luxury, Europe, Middle East, and Africa, Marriott International. “We are delighted to collaborate with ATARA Development to bring this vision to life and deliver the Sheraton experience that reflects a sense of belonging, accomplishment, and fulfillment for the residents.”
This development stands out as one of the select Sheraton-branded residences available globally, creating an unparalleled opportunity for waterfront living on the picturesque Al Marjan Island.