Pinnacle Piling has been awarded a significant contract worth US $13.6mn by ELEVATE for the piling and foundation works package at Mondrian Al Marjan Island Beach Residences. This milestone marks another major construction achievement for the beachfront development in Ras Al Khaimah.
The appointment signifies the momentum on-site, with shoring works already completed and the project progressing ahead of schedule. This award reinforces ELEVATE’s unwavering confidence in the long-term fundamentals of the UAE real estate market and the exceptional growth trajectory of Al Marjan Island, which stands as one of the region’s most significant emerging leisure and luxury destinations.
Zeeshaan Shah, Founder & Chairman, ELEVATE said, “We were the fastest-selling project on the island and now we are setting the pace in construction too. That is exactly how we want to be judged – the strength of both our vision and our execution.”
“We remain as confident as ever in the UAE, in Ras Al Khaimah, and in the long-term future of Al Marjan Island. We are deeply grateful to the UAE’s leadership for continuing to create an environment that inspires confidence, enables ambition and allows long-term visions to be realised. Our focus is simple: keep leading, keep building and continue delivering on the trust the market has placed in us,” he added.
Pinnacle Piling brings more than 35 years of geotechnical and foundation expertise to the project, having delivered some of the region’s most technically demanding developments.
Sai Kumar, Chairman and Owner of Pinnacle Piling said, “We are proud to continue our partnership with ELEVATE on Mondrian Al Marjan Island Beach Residences and to play a key role in delivering this landmark development. The project has progressed strongly on site, with the shoring phase now successfully completed and our teams fully mobilised. ELEVATE has moved with impressive speed and clarity, and we are committed to maintaining that momentum while delivering to the highest standards of safety, quality and execution.”
The project continues to garner strong market demand, following the sale of Phase 1 and the interest in Phase 2. Located on the shores of Al Marjan Island, the $490mn Mondrian-branded beachfront development is a key component of ELEVATE’s broader vision to provide design-led, hospitality-driven living experiences in some of the region’s growth areas.
ELEVATE awards deal for Mondrian Al Marjan Island Beach Residences Development Middle East Construction News.
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