Jacob & Co and Mantra Launch $109M Luxury Residences in Ras Al Khaimah

RAS AL KHAIMAH, UAE – July 11, 2025 – The Indian design-led developer Mantra Properties has officially partnered with iconic watch and jewelry brand Jacob & Co to launch Jacob & Co Residences on Al Marjan Island in Ras Al Khaimah.

The project marks Jacob & Co’s third residential venture in the UAE after successful launches in Dubai and Abu Dhabi, and Mantra’s debut in the region. Valued at $109 million (AED 400 million), the branded residences will deliver signature elegance, architectural ambition, and world-class amenities to the emirate’s fast-rising luxury coastline.

A Fusion of Design & Legacy

The announcement was made at Salvaje Dubai, where Jacob & Co also hosted an exclusive showcase of its exceptional timepieces. The partnership represents a convergence of Jacob & Co’s bold design legacy and Mantra’s reputation for delivering high-quality, experience-driven developments across India.

Speaking on the occasion, Arch. Abdulla Al Abdouli, CEO of Marjan, said:

“We are thrilled to welcome this extraordinary partnership between Mantra Properties and Jacob & Co to Al Marjan Island. This collaboration perfectly exemplifies our vision of creating a destination that attracts the world's most prestigious brands and offers residents unparalleled luxury experiences. The Jacob & Co Residences will add another distinguished chapter to Al Marjan Island's story as the UAE's premier luxury living destination, combining exceptional design with world-class amenities in one of the region's most sought-after locations.”

The new residences will bring unique value to Al Marjan Island, a rising global destination home to branded residences and luxury hospitality projects including the UAE’s first casino resort.

Mantra Expands Into UAE with Long-Term Vision

With over 18 years of experience and more than 12 million sq. ft. of developments across Pune and Mumbai, Mantra Properties is now actively entering the UAE market. The developer plans five projects over the next three years, with a total projected sellable value of $354 million (AED 1.3 billion).

Ankit Gupta, Executive Director, Mantra Properties, commented:

“his project is more than just a new chapter, it's a reflection of our legacy. For nearly two decades, Mantra has believed in building not just homes but lasting experiences that stand the test of time. Partnering with a visionary brand like Jacob & Co allows us to elevate that legacy on a global platform, bringing together craftsmanship, elegance, and innovation in a way that will redefine luxury living on Al Marjan Island.”

Rohit Gupta, CEO of Mantra Properties, added:

“Our partnership with Jacob & Co is a defining moment that brings together two brands driven by vision, creativity, and excellence. This collaboration is not only about developing a landmark project on Al Marjan Island but about forging a new path for ultra-luxury living in the UAE. ”

Jacob & Co: Turning Dreams into Destination

With a global brand synonymous with luxury, Jacob & Co continues to expand its real estate presence, bringing high fashion and mechanical artistry to residential design.

Jacob Arabo, Founder & Chairman of Jacob & Co, shared:

“At Jacob & Co, we have always believed in turning dreams into reality whether through the intricate mechanics of a timepiece or the sparkling brilliance of high jewelry. With Mantra Properties, we have found a partner who shares our relentless pursuit of perfection and innovation.”

This groundbreaking project is poised to elevate Ras Al Khaimah’s appeal to international investors, complementing the emirate’s strategic vision to become a premier tourism and investment hub.

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