Karl Lagerfeld and AARK Developers have announced a collaboration to create Karl Lagerfeld Residences, a luxury beachfront real estate venture in Ras Al Khaimah (RAK), strategically located on Al Marjan Island. The agreement was signed on December 10 in Paris at Karl Lagerfeld’s headquarters, attended by Pier Paolo Righi, CEO of Karl Lagerfeld, and Rahul Kumar Gupta, Chairman of AARK Developers.
With a valuation exceeding $1.4 billion, this ultra-luxury waterfront project is set for completion in 2028, offering 663 residences with sea views. The collection includes one- to four-bedroom homes, with select units featuring private pools. The development also boasts 20 podium villas, 10 ultra-exclusive sky villas and penthouses, and 11 unique beachfront villas, each with a private pool.
Residents will benefit from a curated lifestyle experience, including two signature cafés and restaurants, a destination beach club, and a spectacular sky bar with an infinity pool. The project includes its own private beachfront spanning roughly 1,000 feet, establishing a setting characterized by architectural brilliance, exclusivity, and expansive resort-style living.
Situated within Ras Al Khaimah’s thriving development scene, Al Marjan Island is solidifying its reputation as a luxury destination for tourism, hospitality, and entertainment. The area’s prospects are further boosted by the upcoming Wynn Al Marjan Island integrated resort, slated to open in 2027, anticipated to enhance the emirate’s global appeal.
“This project represents a quintessential expression of the Karl Lagerfeld universe redefining modern living,” stated Righi. “In partnership with AARK Developers, we are crafting a landmark on Al Marjan Island that brings Karl’s visionary design to a magnificent, large-scale residential setting. We are truly proud to introduce this project to the region.”
Rahul Kumar Gupta, Chairman of AARK Developers, commented: “AARK Developers and Karl Lagerfeld are united by a dedication to detail, refinement, and purposeful space creation. We believe great design transcends aesthetics, shaping how people feel, interact, and live. This project embodies that philosophy, offering a living experience rooted in quality, harmony, and enduring elegance.”
This marks Karl Lagerfeld’s second branded residential project in the Middle East. A launch event is scheduled in Dubai for Q1 2026.
