Mondrian Al Marjan Island Sets Ras Al Khaimah Record with $192M Sales in Two Hours
Wednesday, 10 December 2025
Ras Al Khaimah’s luxury property market has reached a new milestone as Mondrian Al Marjan Island Beach Residences achieved an exceptional $192 million (AED704 million) in sales within just two hours. With over 200 units sold instantly, the development is setting a new benchmark for branded beachfront living in the emirate. The final release of units is expected soon as demand continues to grow.
Key Highlights:
- Record-breaking sales: AED704m ($192m) achieved in two hours.
- Over 200 units sold immediately, marking one of Ras Al Khaimah’s fastest-selling launches.
- Total development value: AED1.8bn ($491m).
- Developed by ELEVATE in partnership with Ennismore, with designs by Gensler and Bergman Design House.
- Sets a new standard for branded beachfront living on Al Marjan Island.
- Strong interest from global investors confirms Ras Al Khaimah as a prime luxury real estate destination.
- Upcoming release includes:
- The Residences: 1–3 BR apartments
- The Front Row Collection: Beachfront townhouses with beach access
- The Sky Collection: Luxury sky villas with private pools
- Located near the upcoming Wynn Al Marjan Island development.
- Over 60,000 sq. ft. of premium amenities, including:
- Mondrian Sky Club
- Region’s first Fi’lia Beach
- Accor Platinum Status benefits
- Construction progressing smoothly with completion scheduled for Q4 2028.
