On Al Marjan Island
Global luxury retail and jewellery brand Jacob&Co and Indian real estate developer Mantra Properties have signed a strategic partnership to deliver the first ultra-luxurious Jacob&Co fully branded and fully furnished residential tower on Al Marjan Island in Ras Al Khaimah emirate in the United Arab Emirates (UAE).
The agreement, which was formalised at a private signing ceremony in Dubai on July 8, 2025, also signifies Mantra’s first step into the UAE real estate market and its plans for broader regional expansion in the coming years.
The new residential development, Mantra x Jacob&Co Residences, will be the first of its kind for New York-based Jacob&Co, known globally for its high-end watches and jewellery.
It also marks Mantra’s first foray into the UAE real estate market, with the company outlining plans for broader regional expansion in the coming years.
This partnership combines luxury real estate with high-end timepieces, offering a sophisticated and exclusive living experience.
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No timeline for project completion has been announced, but officials from both firms confirmed that construction is expected to begin within the next 12 months. The exact number of units and pricing details have not been disclosed yet.
Speaking at the event, Abdullah Al Abdouli, CEO of Al Marjan, said the project would add a unique dimension to the island’s growing luxury real estate sector.
“This is more than a project,” he said. “It is closely tied to our vision for Al Marjan. Both the brand and the development have character and depth. We welcome Mantra and Jacob Co to Ras Al Khaimah.”
Al Marjan Island
Al Marjan Island, an artificial archipelago located off the coast of Ras Al Khaimah, has been attracting increasing interest from real estate developers as the emirate advances its tourism and real estate initiatives in preparation for its integrated resort and gaming projects.
Rohit Gupta, CEO of Mantra Properties, described the partnership as a turning point for the company.
“This marks our official entry into the UAE,” he said. “We have delivered residential projects in India over the past 18 years. Now, with Jacob&Co., we are starting a new chapter in a region that already understands and appreciates branded living.”
Gupta added that Mantra plans to launch five projects across the Middle East over the next three years, targeting a combined saleable value of AED 1.3 billion.
The project on Al Marjan Island will offer residences that reflect the unique design language of Jacob&Co.
Jacob Arabo, Founder and Chairman of Jacob&Co, described the move as a natural evolution for the brand. “We bring the same approach to design and detail that we have in our watches. Every element has been carefully considered, making this project truly unique,” he noted.
Arabo stated that the partnership with Mantra was not just a business deal, but a union of shared values around creativity and precision. “We believe in turning ideas into reality, and this development represents that belief. Our shared commitment to quality and innovation reassures us of the success of this project.”
Ankit Gupta, Executive Director at Mantra Properties, highlighted that the residences are being meticulously designed to embody the unique design language of Jacob & Co.
He emphasised that the architecture, interiors, and overall experience of the residences will not just be about luxury, but about capturing the essence of both brands. “The result will be a living experience that is bold and instantly recognisable,” he added.
While branded residences are not new to the UAE, this development contributes to a growing trend of design-led real estate in the northern emirates, which are seeing increased investment amid broader economic diversification efforts.
Jacob&Co’s entry into the residential property market follows similar moves by other luxury brands seeking to expand their reach beyond traditional product categories.
For Ras Al Khaimah, the development aligns with the emirate’s strategy of attracting global partners to support its tourism and investment ambitions.
The event concluded with all parties expressing their shared optimism about the project’s potential to impact the region’s high-end property landscape significantly.
Hero image: (L-R) Abdullah Al Abdouli, CEO of Al Marjan; Jacob Arabo, Founder & Chairman of Jacob&Co; Ankit Gupta, Executive Director of Mantra Properties; and Rohit Gupta, CEO of Mantra Properties, after having signed the partnership agreement in Dubai on July 8, 2025. Credit: Arnold Pinto
