RAK real estate: ATARA Development launches GCC’s first Sheraton residences on Al Marjan Island

ATARA Development has signed an agreement with Marriott International to launch The Residences at the Sheraton Al Marjan Island Resort, the first Sheraton-branded residences in the GCC.

Located on the pristine shores of Al Marjan Island, Ras Al Khaimah, the landmark beachfront project will comprise 141 luxury units and be directly connected to the upcoming Sheraton Al Marjan Island Resort.

A Milestone Development

The signing ceremony took place in the presence of dignitaries from Marjan and Marriott International, including Arch. Abdulla Al Abdouli, CEO of Marjan, who joined ATARA’s leadership team.

The project marks ATARA’s strategic expansion into primary property development, serving as the cornerstone of its portfolio. Over the next two years, ATARA plans more than 1 million sq. ft. of new developments, building on its completed projects in Dubai’s Pearl Jumeirah Island, La Mer South Island, and Dubai Islands.

Statements from Leaders

Arch. Abdulla Al Abdouli, CEO of Marjan, commented:
“We are delighted to welcome ATARA Development and The Residences at Sheraton Al Marjan Island Resort to our vibrant community. This project embodies the world-class standard we envision for Al Marjan Island. By uniting ATARA’s expertise with Sheraton’s legacy of hospitality, it offers a unique lifestyle proposition for both residents and investors, reinforcing Ras Al Khaimah as the region’s premier coastal hub.”

Umid Bazarov, COO of ATARA Development, said:
“This flagship project is more than just our first development—it defines ATARA’s vision of creating complete lifestyle ecosystems. With its prime location and Sheraton’s hospitality standards, The Residences at Sheraton Al Marjan Island will set a new benchmark for luxury living in the UAE.”

Sandeep Walia, COO – Middle East and Luxury, Europe, Middle East & Africa, Marriott International, added:
“As the first Sheraton-branded residences in the GCC, this development represents a key milestone in our global residential portfolio. We are proud to partner with ATARA Development to bring Sheraton’s legacy of service, connection, and belonging to life in Ras Al Khaimah.”

Design & Lifestyle

The residences will feature:

• Contemporary architecture with refined interiors

• Over 50 premium amenities

• In-house hospitality services operated by ATARA, aligned with Sheraton’s brand standards

This resort-style living concept integrates fluid spaces with distinctive design, offering residents both sophistication and comfort.

Economic Context

The launch comes at a time when Al Marjan Island continues to see strong growth in both residential and tourism sectors. The Ras Al Khaimah economy is projected to expand by an average of 4% annually between 2024 and 2027, attracting further investment in hospitality and real estate.

With limited Sheraton-branded residences worldwide, The Residences at Sheraton Al Marjan Island Resort present a rare waterfront living opportunity in the GCC.