Elevate, a key lifestyle real estate brand, has officially broken ground on its premium project - Mondrian Al Marjan Island Beach Residences - thus marking the start of construction for a landmark residential destination delivered in partnership with Ennismore, the global lifestyle hospitality group behind Mondrian.
The groundbreaking comes just weeks after the development secured over AED700 million ($190 million) in sales within just two hours of its launch. Pinnacle Piling has been signed up as the shoring contractor for the project.
With construction now underway, the project is on track for completion in Q4 2028.
The swift transition from sales launch to groundbreaking underscores Elevate’s commitment to rapid delivery and capitalizes on the unprecedented momentum within the Ras Al Khaimah property market, said the developer.
With Phase 1 fully committed, the developer has confirmed that Phase 2 will be released imminently to meet the surging demand from global investors and homeowners.
The AED1.8 billion ($490 million) Mondrian development in Al Marjan Islands, a partnership with Ennismore, has been received with an overwhelming response from global and local buyers, with more than 200 units allocated within 2 hours. With construction now underway, the project is on track for its scheduled completion in Q4 2028.
Zeeshaan Shah, Founder & Chairman of Elevate, said: "We promised our investors a new standard of execution, and today we are delivering on that promise. Breaking ground soon after our record-breaking launch reiterates our commitment to our buyers as we move with speed and precision."
"We have started the process and are proud to appoint Pinnacle Piling, who come with 35+ years of experience in the region. As we move to release Phase 2, we remain focused on bringing this iconic landmark to life," he stated.
Arch. Abdulla Al Abdouli, Group CEO of Marjan, said: "The groundbreaking of Mondrian Al Marjan Island Beach Residences is another testament to the incredible velocity at which Al Marjan Island is transforming into a world-class destination. Every milestone of our developers who are investing in this island is a showcase of our collaboration with them and contributes significantly to the growing trajectory of Ras Al Khaimah’s real estate and tourism sectors which are set for remarkable expansion."
Sai Kumar, Chairman and Owner of Pinnacle Piling, said: "We are happy to be appointed by Elevate on the Mondrian Al Marjan Island Beach Residences project. It is one of the most high-profile branded developments on the island, and we look forward to working closely with Elevate to deliver a landmark destination."
Pinnacle, renowned for delivering complex, high-quality developments, was strategically appointed to reinforce Elevate’s commitment to execution excellence, quality and on-time delivery.
To date, Pinnacle has successfully delivered over 650 projects, with a portfolio that includes landmark developments such as Dubai Creek Harbour Development, Marina Shores, and The Peninsula at Business Bay, it added.
Following the lightning-fast absorption of Phase 1, Elevate is preparing to launch Phase 2, said Shah. Residents will enjoy proximity to the upcoming Wynn Al Marjan Island and access to over 60,000 sq. ft. of curated amenities, including the Mondrian Sky Club, the region’s first Fi’lia By the Beach, and an invitation to join Platinum Status in the Accor Owner Benefits Programme.
