A new destination developer has entered the Ras Al Khaimah market. Ardee, founded in 2023 by Chairman Romeo Abdo, officially launched its brand on 10 November with the unveiling of Ardee Downtown, a mixed-use district on Al Marjan Island the company describes as RAK’s first fully-fledged premium downtown.
The project sits at the centre of a portfolio the company values at over AED 15 billion in gross development value, covering 5.2 million sq ft of gross floor area and 9 million sq ft of total built-up area across Al Marjan Island.
“Al Marjan Island is an iconic destination where the developers are now shaping its character. Ardee’s commitment is a significant one, and the Downtown makes the whole destination stronger. Our role as master developer is to make early commitments and put the foundations in place, so partners can build here with confidence. That is how we curate growth that creates opportunity for Ras Al Khaimah,” Abdullah Al Abdouli, Group CEO of Marjan said in a statement.
“Al Marjan Island offers a rare opportunity to create something at the scale of an entire destination, where land meets water and nature meets ambition. That scale allows us to think differently about how every part of a destination works together, from homes and hospitality to retail, leisure, and public spaces. Our ambition is to contribute to Ras Al Khaimah’s next phase of growth with a mixed-use destination that brings investment, community, and everyday experiences together, and where people aspire to live, connect and belong together. With today’s launch, that vision begins to take shape,” Natalie Bogdanova, Managing Director and Executive Board Member of Ardee added.
Ardee Downtown itself will span 3.5 million sq ft and bring together apartments, branded residences and townhouses alongside more than 600,000 sq ft of retail and dining space. A 600-metre waterfront promenade will anchor the public realm, lined with dining pavilions, landscaped parks and spaces designed for year-round programming and events. Delivery is scheduled to begin from 2030 in phases.
The project adds to Ardee’s existing Waterfront development, which includes a Fairmont hotel and branded residences announced last year.
That AED 2 billion project, designed by Pelli Clarke & Partners, covers 1.7 million sq ft along 350 metres of beachfront and will deliver a 224-key hotel and 516 branded residences. Combined, Ardee Waterfront and Ardee Downtown are planned to yield more than 4,000 premium homes at full build-out.
Also unveiled at the launch event was Ardee Views, twin residential towers forming the gateway between the two districts. The towers will house 652 units, with amenities including a 40-metre resort-style pool, a signature restaurant and club lounge, and concierge and valet services.
Ardee’s partner ecosystem includes Fairmont (part of Accor), Pelli Clarke & Partners, DP Architects, Turner International Middle East, Mirage, and master developer Marjan.
