Developer Atara Development says it is embarking on a new chapter with The Residences at Sheraton Al Marjan Island Resort. The evolution in residential offerings aligns with Al Marjan Island’s growing momentum as a destination for tourism, hospitality, and real estate investment in the UAE, said a statement.
Work on the development commenced in January, and has continued to progress with shoring, piling, and foundation works.
Atara notes that it has undergone a transformation in its residential offerings, resulting in a more concentrated collection of premium and luxury 1- and 2-bedroom residences. Currently, the development boasts a total of 168 fully furnished Sheraton-branded residences.
The development’s unique selling points include direct beachfront access, private beach access, resort-grade amenities, rooftop lifestyle spaces, wellness facilities, and hotel-style services. The next phase of the project was recently unveiled to Dubai’s real estate community at Atara Development’s dedicated presence at the DPS Property Exhibition Center, the statement outlined.
Umid Bazarov, Chief Operating Officer, Atara Development, presented the next phase of Sheraton Residences during the session, giving attendees a detailed overview of the evolved collection and the thinking behind its positioning within the rapidly developing Al Marjan Island market. The presentation highlighted how the project has progressed from its initial launch proposition into a more focused residential offering, while construction continues to move forward on site.
The event also featured Khaled Assaf, Commercial Director at Marjan, who shared a broader perspective on Ras Al Khaimah’s continued growth and its emergence as an increasingly prominent destination for tourism, hospitality and investment.
His discussion explored the emirate’s expanding tourism ecosystem, the growing presence of international hospitality brands, increasing investor interest and the evolution of its real estate landscape, before turning to the role of Al Marjan Island within this wider growth story.
As the GCC’s first Sheraton-branded residences, the project is said to represent an extension of the Sheraton brand into the region’s branded residential sector, while offering residents access to a beachfront lifestyle within a destination undergoing significant transformation.
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