Clédor, a premier real estate development management company, has signed a partnership agreement with Arthouse Hotel, NYC, to bring Manhattan’s creative legacy to the Middle East, with Al Marjan Arthouse, valued at AED 400 million ($109 million).
Coming to the iconic Al Marjan Islands in Ras Al Khaimah, Al Marjan Arthouse, will be the brand’s first residence outside of the USA.
With a project development pipeline valued at over AED 2.1 billion ($572 million), Clédor continues to make bold strides in reshaping the region’s real estate landscape. These Al Marjan Arthouse residences are part of Clédor’s vision to deliver high-yield, design-forward communities that offer 150 percent+ investor returns and average unit prices exceeding AED 14 million ($3.8 million).
The signing ceremony took place at the elegant Amelia Lounge in Downtown Dubai, in the presence of Omar Gull, Founder & Chairman of Clédor, Karim El Aqabi, from Arthouse. Arch. Abdulla Al Abdouli, CEO of Marjan and Islam El Dafrawy, Co-founder of Prospect.
Omar Gull Founder & Chairman Clédor
“This signing marks the beginning of a powerful collaboration rooted in excellence, heritage, and innovation. We are very excited to partner with Arthouse Hotel, NYC, to bring a legacy of refined and artistic living into the heart of the UAE’s most dynamic communities, Al Marjan Island. With Arthouse, we’re introducing a new style of luxury, one that brings a creative, cultural dimension to Ras Al Khaimah. Al Marjan Island is already a powerhouse for leisure and entertainment, drawing visitors and investors from all over the world.”
“Through this partnership with Arthouse, we hope to add a new layer to the island’s story, a place where art and culture live side by side with lifestyle and hospitality. We are truly grateful to Arthouse NYC, andMarjan leadership and our strategic partner Prospect for believing in our vision. Together our partnership will continue to add to the UAE’s ever-growing and vibrant real estate landscape,” said Omar Gull.
The collaboration brings together Clédor’s robust development expertise with the refined hospitality legacy of Arthouse NYC to introduce a new standard of living through branded residences on Al Marjan Island, Ras Al Khaimah and Meydan, Dubai.
Image Supplied | Cropped by GBN
The residences will reflect the same elevated design, service, and lifestyle experience that have defined Arthouse’s presence on New York’s Upper West Side for over 100 years.
“I am excited to announce this new chapter for Arthouse and we are honored to partner with Clédor, who have a deep understanding of the UAE market and clientele. We trust in their experience to build something special and lasting. This is the first time Arthouse is stepping outside the United States of America and together we hope to build a timeless legacy. We chose the UAE, and especially Al Marjan Island, because of the robust growth of real estate, thevision of the leadership, and the ambition and forward-thinking outlook of the region. This is the beginning of more projects to come to this region from the Arthouse brand portfolio. We would like to express our gratitude to all our stakeholders for the trust and partnership,” stated Karim El Aqabi.
“The exquisite mix of fascinating nature and well-preserved history of Ras Al Khaimah has been attracting luxurious facilities and projects to the emirate, elevating our iconic island to one of the UAE’s top destinations for tourism and growth, attracting the best of investments. It is with great pleasure that we welcome Arthouse Residences to Al Marjan Island. Their presence reflects our continued commitment to developing a world-class destination defined by architectural excellence, cultural enrichment, and exceptional quality of life. We look forward to the unique character and prestige Arthouse Residences will bring to our evolving landscape and growing community,” commented Arch. Abdulla Al Abdouli.
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“We are proud to partner with Clédor in bringing Arthouse NYC to the UAE, a bold and visionary undertaking that bridges global creativity with the region’s dynamic real estate landscape. This collaboration reflects our shared belief in the power of a reputed global brand, investment prospects in Al Marjan Island and innovation in our industry that can shape extraordinary spaces and enduring value. Together, we are laying the foundation for yet another new benchmark in culturally inspired development that resonates with international sensibilities and local ambitions,” remarked Islam El Dafrawy.
This strategic alliance not only solidifies Clédor’s role in driving the UAE property market forward but also marks Arthouse’s official entry into the Middle East, bringing with it a century of curated living to a new generation of luxury homeowners.
