ATARA Development has broken ground on The Residences at Sheraton Al Marjan Island Resort, marking a major milestone for the GCC’s first Sheraton-branded residences and a significant addition to the region’s premium waterfront real estate landscape.
With enabling works now underway and early construction milestones already achieved, the landmark beachfront project on Al Marjan Island has reached approximately 5 percent overall completion, advancing steadily under the supervision of ATARA’s in-house construction arm, Rakhat Construction.
Significant on-site progress has been recorded, with soil improvement and shoring works successfully completed, while excavation continues in parallel. This strong momentum underscores ATARA Development’s commitment to delivering a world-class project defined by precision, construction excellence, and timely execution.
In a move that distinguishes ATARA within the UAE real estate market, the company commenced construction prior to launching sales, highlighting its financial strength, construction readiness, and strong commitment to buyer confidence. This strategy ensures uninterrupted project delivery regardless of market cycles, providing future buyers with clear, tangible evidence of progress from the outset.
Featuring 159 premium beachfront units, the project is co-located with the Sheraton Al Marjan Island Resort and will offer modern architecture, refined interiors, and access to over 50 world-class amenities.
As one of only a limited number of Sheraton-branded residences globally, it presents a rare opportunity for elevated waterfront living backed by ATARA’s meticulous development standards.
Arch. Abdulla Al Abdouli Group CEO – Marjan
“The addition of the Sheraton Residences further strengthens Al Marjan Island’s position as a premier lifestyle destination. This project contributes to our vision of bringing exceptional, world-class developments to the island, enriching its residential offering and international appeal.”
Umid Bazarov, Chief Operating Officer of ATARA Development, said that, “Breaking ground before launching sales reflects ATARA’s philosophy of leading with action, not promises. By showcasing tangible construction progress from day one, we reinforce a sales strategy built on trust and visibility, giving future buyers the assurance that their ownership is supported by a developer fully committed to transparency, quality, and timely delivery. With the project scheduled for completion by the third quarter of 2028, buyers can purchase with confidence knowing the timeline is clearly defined and closely adhered to. The Residences at Sheraton Al Marjan Island Resort sets a new benchmark for luxury developments entering the market.”
The Residences at Sheraton Al Marjan Island Resort anchors ATARA Development’s expanding portfolio, which includes over 1 million square feet of new developments planned across the next two years. The project further solidifies ATARA’s position as a leading developer of premium properties in the UAE.
