One Broker Group (OBG) has been appointed as the sales partner in the UAE for AARK Developers’ residential project on Al Marjan Island, branded by KARL LAGERFELD.
The signing ceremony took place this week, marking a development for the three parties involved. Al Marjan Island continues to establish itself as a destination for branded real estate investments.
Expressions of interest are now open, with demand anticipated from regional and international buyers seeking design-led residences and value in the waterfront destination.
Inside KARL LAGERFELD Beach Residences Al Marjan Island
The project is the first managed fashion-house-branded residence on the island. It sets a benchmark for managed, design-led living, combining architecture, operations, and investment value.
The development is positioned with views toward the Wynn Resort, which is under construction. Valued at over USD 1.4 billion, it offers beach access, proximity to the resort, and more than 50 amenities.
The project comprises over 600 sea-facing residences and represents a waterfront investment.
“This project represents an important evolution of KARL LAGERFELD’s residential portfolio in the region. It reflects our commitment to translating Karl’s visionary design language into a breathtaking large-scale residential experience,” Pier Paolo Righi, CEO, KARL LAGERFELD said in a statement.
“This project represents a defining moment for Al Marjan Island. Partnering with the KARL LAGERFELD brand allows us to introduce a fully managed, fashion-house-branded residential concept that elevates both the lifestyle offering and investment proposition. Appointing One Broker Group as our exclusive sales partner ensures the project is positioned and executed with the level of market expertise and international reach this development deserves,” Rahul Kumar Gupta, Chairman of AARK Developers added.
“We are extremely proud to be appointed as the exclusive sales partner for this landmark development. The KARL LAGERFELD brings global credibility and lifestyle appeal, and together with Al Marjan Island’s evolution and proximity to Wynn Resort, this represents a highly compelling investment opportunity for both end-users and investors,” Umar Bin Farooq, Founder & CEO, One Broker Group also expressed strong confidence in the project’s potential further explained.
