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Mantra Properties’ latest ultra-luxury project, Jacob & Co Residences, developed in partnership with the world-renowned watch and jewellery brand Jacob & Co, has achieved a record-breaking milestone — generating over Dhs300m in sales within just 12 hours of launch. The achievement marks a historic first for Al Marjan Island, establishing it as the fastest-selling project ever launched on the island.
Valued at Dhs400m, the branded residence witnessed exceptional demand from investors and high-net-worth individuals, reflecting the UAE’s continued leadership in the branded real estate sector. More than 80 per cent of buyers were expatriate residents and international investors, reinforcing Ras Al Khaimah’s growing global appeal as a destination for luxury property investment.
Arch. Abdulla Al Abdouli, group CEO of Marjan, said, “I would like to congratulate the teams at Mantra Properties and Jacob & Co for such a successful launch of the Jacob & Co Residences on Al Marjan Island. A project of this stature truly reflects our vision to bring the best of global luxury brands into Ras Al Khaimah’s thriving lifestyle landscape. This project will not only elevate the island’s appeal but also redefine what modern luxury living means in this region and we wish all stakeholders continued success in Al Marjan Island and beyond.”
Ankit Gupta, managing director of Mantra Properties, added, “This milestone represents the culmination of Mantra’s two-decade legacy of design excellence and innovation. Jacob & Co Residences is not merely a development, it’s a statement of craftsmanship, ambition, and vision. The unprecedented response we’ve received reinforces the demand for curated luxury experiences that combine artistry, architecture, and aspiration. We’re proud to deliver a project that redefines luxury living in Ras Al Khaimah.”
Set against Al Marjan Island’s scenic waterfront, Jacob & Co Residences will feature 223 limited-edition homes, including studio, one-bedroom, and two-bedroom apartments, with prices starting from AED 1.01 million. Scheduled for handover in Q4 2027, the development will deliver an ultra-exclusive living experience defined by wellness, design, and craftsmanship.
The project’s signature amenities include the Wellness Club @ J&Co, a rooftop fitness and yoga hub; Pool Club @ J&Co with infinity pool and cabanas; Observatory @ J&Co for elevated leisure and dining; and family-friendly zones with dedicated pools and recreation areas.
Jacob Arabo, founder and chairman of Jacob & Co, said, “Just as each Jacob & Co timepiece tells a unique story of artistry and innovation, Jacob & Co Residences on Al Marjan Island will narrate a new chapter in luxury living. We have infused this project with the same dedication to perfection that defines our watches and jewelry. Each of these 223 residences are a masterpiece in its own right, where every resident will experience the Jacob & Co philosophy of turning beauty and craftsmanship into reality.”
The launch further strengthens Mantra Properties’ expansion strategy, with five new developments worth Dhs1.3bn planned over the next three years. For Jacob & Co, it marks another milestone in its growing portfolio of branded residences following its successful ventures in Dubai and Abu Dhabi.
