ATARA Development has sealed a significant agreement with Marriott International to launch The Residences at the Sheraton Al Marjan Island Resort, marking the GCC’s first Sheraton-branded residences.
Situated on Al Marjan Island in Ras Al Khaimah, this development signifies ATARA’s foray into premium property ventures. Adjacent to the Sheraton Al Marjan Island Resort, the beachfront residences boast 141 units. The signing ceremony was attended by Marjan and Marriott dignitaries, including Arch. Abdulla Al Abdouli, CEO of Marjan, who joined ATARA leaders to celebrate this milestone.
This flagship initiative is pivotal to ATARA Development’s growing portfolio, highlighting the company’s strategic move towards primary development. With over 1 million square feet in the pipeline for the next two years, it signifies a crucial phase in ATARA’s expansion. Building on a legacy of successful projects in elite Dubai locations like Pearl Jumeirah Island, La Mer South Island, and Dubai Islands, this partnership with Marriott International sets a new standard in luxury living, strengthening ATARA’s reputation as a leading developer.
“We are thrilled to welcome ATARA Development and The Residences at Sheraton Al Marjan Island Resort to our vibrant community,” said Arch. Abdullah Al Abdouli, CEO of Marjan. “Nestled on the prime shores of Al Marjan Island, this project exemplifies the world-class developments we envision for our destination. By merging ATARA’s luxury residence expertise with Sheraton’s hospitality legacy, it presents a unique proposition for both residents and investors — further bolstering Al Marjan Island’s status as the region’s prime coastal lifestyle hub. We eagerly anticipate this landmark project’s fruition.”
The expected growth of Al Marjan Island continues to captivate buyers and investors, not only through a thriving residential market but also through booming tourism and hospitality sectors. Ras Al Khaimah’s economy is projected to grow by an average of 4% annually from 2024 to 2027*, paving the way for leading hospitality and real estate brands.
As one of the few Sheraton-branded residences worldwide, The Residences at Sheraton Al Marjan Island Resort offers a rare chance for premium waterfront living. The development features contemporary architecture, elegant interiors, over 50 top-tier amenities, and in-house hospitality services managed by ATARA Development, ensuring residents and guests enjoy a resort-style living that embodies Sheraton standards. These residences highlight Sheraton’s refined design ethos, blending seamless and familiar spaces with unique style. Supported by ATARA’s construction team, every aspect of the project is executed with precision, from structural integrity to intricate details, maintaining the highest quality and sophistication standards.
“For ATARA, this flagship project signifies a defining moment as we establish our identity in the UAE’s real estate market — transcending mere construction,” said Umid Bazarov, COO of ATARA Development. “It sets the stage for a future built on strategic prime locations and premium luxury, distinguishing us in a competitive field. Beyond just our first development, it marks a new chapter where we create complete lifestyle ecosystems, not just homes. Our vision for The Residences at Sheraton Al Marjan Island aligns with discerning clients’ aspirations, offering a benchmark project that promises an experience they can anticipate with confidence.”
Sandeep Walia, COO, Middle East and Luxury, Europe, Middle East, and Africa, Marriott International, stated, “The Residences at Sheraton Al Marjan Island Resort represent a strategic milestone in our global residential portfolio. As the GCC’s inaugural Sheraton residences, this development will champion the brand’s rich service history and legacy of connection-building. We are excited to partner with ATARA Development to realize this vision and deliver the Sheraton experience, embodying belonging, achievement, and fulfillment for residents.”
