In a significant move for RAK real estate, Mantra Properties and Jacob & Co have unveiled their plans to launch the Jacob & Co Residences on Al Marjan Island, a development boasting a staggering investment of $109 million. This collaboration signifies a blend of luxury and innovative design, marking a notable entry into the Ras Al Khaimah real estate market.
The official partnership was celebrated during a signing ceremony held at Salvaje Dubai, where attendees were treated to a showcase of Jacob & Co’s exquisite timepieces, reflecting the brand’s dedication to artistry and craftsmanship.
This new development is particularly notable as it represents Jacob & Co’s third residential project in the UAE, following successful ventures in Dubai and Abu Dhabi. However, it marks Mantra’s first endeavor in the UAE market, positioning Al Marjan Island as a crucial part of their expansion strategy.
“At Jacob & Co, we have always believed in turning dreams into reality, whether through the intricate mechanics of a timepiece or the sparkling brilliance of high jewelry. With Mantra Properties, we have found a partner who shares our relentless pursuit of perfection and innovation. The Jacob & Co Residences on Al Marjan will be a place where design, legacy, and luxury meet—a destination unlike any other,” said Jacob Arabo, Founder & Chairman of Jacob & Co.
The AED 400 million development will merge Mantra’s design-focused philosophy with Jacob & Co’s renowned aesthetic, creating a unique identity within the luxurious Ras Al Khaimah real estate landscape. This partnership promises to elevate the experience of luxury living, intertwining the realms of upscale real estate and fine watchmaking.
“We are thrilled to welcome this extraordinary partnership between Mantra Properties and Jacob & Co to Al Marjan Island. This collaboration perfectly exemplifies our vision of creating a destination that attracts the world’s most prestigious brands and offers residents unparalleled luxury experiences. The Jacob & Co Residences will add another distinguished chapter to Al Marjan Island’s story as the UAE’s premier luxury living destination, combining exceptional design with world-class amenities in one of the region’s most sought-after locations,” stated Arch. Abdulla Al Abdouli, CEO of Marjan.
Mantra’s Debut UAE Project with Jacob & Co
Bringing over 18 years of development experience to the table, Mantra Properties has established a solid reputation in India, particularly in cities like Pune and Mumbai. The developer has successfully completed 18 projects covering over 12 million square feet and currently boasts 18 projects under development in the region.
“This project is more than just a new chapter; it’s a reflection of our legacy. For nearly two decades, Mantra has believed in building not just homes but lasting experiences that stand the test of time. Partnering with a visionary brand like Jacob & Co allows us to elevate that legacy on a global platform, bringing together craftsmanship, elegance, and innovation in a way that will redefine luxury living on Al Marjan Island,” said Ankit Gupta, Executive Director of Mantra Properties.
This initiative is part of Jacob & Co’s strategic expansion in the region, which includes existing branded residences in Dubai and Abu Dhabi.
“Our partnership with Jacob & Co is a defining moment that brings together two brands driven by vision, creativity, and excellence. This collaboration is not only about developing a landmark project on Al Marjan Island but about forging a new path for ultra-luxury living in the UAE. With Jacob & Co’s iconic design language and Mantra’s deep-rooted passion for meaningful spaces, we’re creating something truly extraordinary. This is a bold step forward for both brands, and we’re excited about what lies ahead,” Rohit Gupta, CEO of Mantra Properties, commented.
The collaboration is also part of Mantra’s broader strategy in the UAE, which aims to unveil five new projects in the next three years, showcasing a total projected sellable value of AED 1.3 billion. The developer is committed to exploring opportunities in key locations across the Emirates, emphasizing a long-term vision for growth in the region.