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ATARA Development has signed an agreement with Marriott International to open The Residences at the Sheraton Al Marjan Island Resort, the GCC’s first Sheraton-branded residences. The development, located on Al Marjan Island in Ras Al Khaimah, marks ATARA’s entry into premium property development.
Co-located with the Sheraton Al Marjan Island Resort, the beachfront residences will comprise 141 units. The agreement was signed in the presence of dignitaries from Marjan and Marriott, including Arch. Abdulla Al Abdouli, CEO of Marjan, who joined ATARA’s leadership to mark the milestone.
“We are delighted to welcome ATARA Development and The Residences at Sheraton Al Marjan Island Resort to our vibrant community,” said Arch. Abdouli. “Located on the prime shores of Al Marjan Island, this project reflects the caliber of world-class developments we envision for our destination. By combining ATARA’s expertise in luxury residences with Sheraton’s legacy of hospitality excellence, it offers a distinctive proposition for both residents and investors — further strengthening Al Marjan Island’s position as the region’s premier coastal lifestyle hub. We look forward to seeing this landmark project come to life.”
Read: Inside Enclave: A look at Wynn Al Marjan Island’s latest ultra-luxe concept
The flagship development is a cornerstone of ATARA’s shift towards primary development, backed by a pipeline of more than one million square feet over the next two years. The company has previously delivered sold-out projects across prime Dubai locations including Pearl Jumeirah Island, La Mer South Island, and Dubai Islands.
“For ATARA, this flagship project marks a defining moment as we establish our identity in the UAE’s real estate market — one that goes far beyond bricks and mortar,” said Umid Bazarov, chief operating officer of ATARA Development. “It paves the way for a future built on prime, strategic locations and premium luxury, distinguishing us in a competitive landscape. More than just our first development, it represents a new chapter where we craft complete lifestyle ecosystems, not just homes. Our vision for The Residences at Sheraton Al Marjan Island reflects the aspirations of discerning clients and what they truly desire — a benchmark project that will deliver an experience they can look forward to with confidence.”
As one of only a limited number of Sheraton-branded residences worldwide, the development will offer modern architecture, elegant interiors, over 50 world-class amenities, and in-house hospitality services franchised by ATARA. The project is supported by ATARA’s in-house construction team, ensuring execution to the highest standards.
Sandeep Walia, chief operating officer, Middle East and Luxury, Europe, Middle East, and Africa, Marriott International, said: “The Residences at Sheraton Al Marjan Island Resort mark a strategic milestone in our global residential portfolio. As the first Sheraton residences in the GCC, this development will champion the brand’s rich history of service and legacy of fostering connections. We are delighted to collaborate with ATARA Development to bring this vision to life and deliver the Sheraton experience that reflects a sense of belonging, accomplishment, and fulfillment for the residents.”
The launch comes as Ras Al Khaimah strengthens its position as a hub for real estate and tourism. The emirate’s economy is forecast to grow by an average of 4 per cent annually between 2024 and 2027, with Al Marjan Island attracting major global players in hospitality and development.
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