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Ardee Breaks Ground on $545m Fairmont Al Marjan Island Waterfront Development

Published 12 January 2026PropertyStellar Editorial Team
Ardee Breaks Ground on $545m Fairmont Al Marjan Island Waterfront Development

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Published by PropertyStellar Editorial Team. Read our editorial policy and research methodology.

UAE-based developer Ardee has officially commenced construction on its $545 million Fairmont Residences Al Marjan Island and Fairmont Al Marjan Island Hotel, marking a major milestone for Ras Al Khaimah’s luxury waterfront real estate landscape.

Key Highlights:

  • Groundbreaking completed for the AED2bn ($545m) Fairmont-branded waterfront project
  • Located on Al Marjan Island, Ras Al Khaimah, forming the first phase of Ardee’s long-term masterplan
  • Nearly 1.2 million sq. ft. of GFA covering residential and hotel components
  • Piling works underway, with completion targeted for April 2026
  • 519 branded residences and townhouses, plus four signature sea villas
  • Integrated 250-key Fairmont hotel offering luxury hospitality services
  • Resort-style amenities including private beach access, wellness facilities, pools, dining and social spaces
  • Project completion scheduled for 2028
  • Development strengthens Ras Al Khaimah’s position as a premier coastal lifestyle and investment destination

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