India-based developer Mantra Properties and New York luxury brand Jacob & Co recorded AED 300 mn in sales within 12 hours of launching Jacob & Co Residences on Al Marjan Island in Ras Al Khaimah (RAK), according to a press release. Valued at AED 400 mn, the development comprises 223 limited-edition studios and apartments starting from AED 1.01 mn, with handover expected in 4Q 2027.

Investor mix: Over 80% of buyers were expatriates and international investors. The project offers curated lifestyle amenities including wellness, pool, and observatory clubs, along with family-oriented and leisure facilities.Branded residences account for roughly 40% of Ras Al Khaimah’s upcoming residential pipeline (2026-2029), reflecting sustained foreign interest in the emirate’s luxury real-estate market (CBRE).

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