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Mantra Properties, in collaboration with the prestigious watch and jewelry brand Jacob & Co, has recently unveiled the ultra-luxurious Jacob & Co Residences. This ambitious project has shattered expectations by achieving over Dhs300 million in sales within just 12 hours of launching, setting a new benchmark for Al Marjan Island. The incredible demand reflects a significant moment in real estate history, highlighting the vibrancy of the UAE’s luxury property market.
Valued at a staggering Dhs400 million, the Jacob & Co Residences captured the interest of high-net-worth individuals and investors, with over 80 percent of buyers being expatriate residents or international investors. This trend emphasizes Ras Al Khaimah’s rising stature as a prime destination for luxury real estate investment, demonstrating the UAE’s ongoing leadership in the branded residence sector.
Arch. Abdulla Al Abdouli, the group CEO of Marjan, expressed his enthusiasm about the project’s success. He remarked, “The launch of Jacob & Co Residences is a triumph for the teams at Mantra Properties and Jacob & Co. This remarkable development not only enhances the appeal of Al Marjan Island but redefines modern luxury living within the region.” The implications of this project extend beyond mere sales figures; they signal a shift in the lifestyle landscape of Ras Al Khaimah.
Ankit Gupta, managing director of Mantra Properties, shared insights into the significance of the launch. “This milestone encapsulates our two-decade legacy of design excellence and innovation,” he noted. “Jacob & Co Residences is not just a development, but an embodiment of craftsmanship, ambition, and vision. The overwhelming response we’ve received highlights the appetite for luxury experiences that seamlessly blend artistry and architecture.”
Located against the picturesque backdrop of Al Marjan Island’s waterfront, the project will offer 223 limited-edition homes. Options include studio, one-bedroom, and two-bedroom apartments, with prices starting from AED 1.01 million. Scheduled for handover by the fourth quarter of 2027, these residences promise an exclusive living experience marked by wellness, distinctive design, and artisanal craftsmanship.
The development boasts a remarkable array of signature amenities. Highlights include the Wellness Club @ J&Co, which features a rooftop fitness and yoga center; the Pool Club @ J&Co, complete with an infinity pool and luxurious cabanas; and the Observatory @ J&Co, designed for elevated leisure and dining experiences. Family-friendly zones equipped with dedicated pools and recreation areas further enhance the appeal of this project, inviting residents to indulge in a lifestyle of comfort and relaxation.
Visionary Jacob Arabo, founder and chairman of Jacob & Co, underscored the unique narrative behind the residences. “Each Jacob & Co timepiece tells a story of creativity and innovation, just as Jacob & Co Residences will create a new chapter in luxury living. We have poured our dedication to perfection into this project, crafting 223 masterpieces where every resident will experience the ethos of turning beauty and craftsmanship into reality.”
The launch of the Jacob & Co Residences also supports Mantra Properties’ strategic expansion vision. The company is planning five new projects valued at Dhs1.3 billion over the next three years, solidifying its position in the competitive real estate market. For Jacob & Co, this venture represents a significant addition to its portfolio of branded residences, following successful developments in iconic cities like Dubai and Abu Dhabi.