Jacob & Co Residences by Mantra Properties achieves AED 300 million sales in 12 hours on Al Marjan Island, setting a new real estate benchmark.
RAS AL KHAIMAH: In a historic moment for Ras Al Khaimah’s luxury real estate market, Jacob & Co Residences, a joint ultra-luxury venture by Mantra Properties and renowned jewellery brand Jacob & Co, has registered over AED 300 million in sales within just 12 hours of its launch. The project, launched on Al Marjan Island, is now the fastest-selling branded development on the island to date.
The AED 400 million development features 223 limited edition residences and witnessed exceptional interest from expatriate and overseas investors, who contributed to over 80 per cent of the buyer pool. The residences include curated studio, one-, and two-bedroom apartments, starting at AED 1.01 million, with handover expected by Q4 2027.
Arch. Abdulla Al Abdouli, Group CEO of Marjan, praised the launch’s success, stating, “This project reflects our vision to elevate Ras Al Khaimah’s luxury lifestyle offering. We congratulate the teams involved for bringing global luxury to Al Marjan Island.”
Ankit Gupta, Managing Director of Mantra Properties, echoed the sentiment: “Jacob & Co Residences represents more than a development – it’s a celebration of design, ambition, and innovation. The overwhelming response confirms a growing demand for curated, high-end living experiences in the UAE.”
The residences, designed to capture the spirit of the Jacob & Co brand, promise an exclusive lifestyle blending high design with wellness and comfort. Signature amenities include:
- The Wellness Club @ J&Co: rooftop fitness studio, yoga deck, sauna, and zen garden
- The Pool Club @ J&Co: infinity pool, bar, and in-pool cabanas overlooking the Arabian Gulf
- The Observatory @ J&Co: rooftop retreat with viewing deck, golf simulator, and residents’ lounge
- Family Zone: lazy pool, kids’ pool, and leisure spaces
Jacob Arabo, Founder of Jacob & Co, said, “Just as our timepieces reflect craftsmanship and elegance, Jacob & Co Residences will redefine luxury living on Al Marjan Island. Each unit is a work of art inspired by our legacy.”
The project also signals Mantra’s continued expansion in the UAE, with five additional developments in the pipeline and a projected portfolio worth AED 1.3 billion. For Jacob & Co, it marks another successful leap into real estate, following notable ventures in Dubai and Abu Dhabi.
