Atara Development is advancing the next phase of The Residences at Sheraton Al Marjan Island Resort, refining its residential offering as Al Marjan Island strengthens its position as an emerging tourism, hospitality and real estate destination in the UAE.

Launched in January, the project is progressing on site, with construction advancing across shoring, piling and foundation works.

Atara has also revised the residential mix, introducing a more focused collection of premium and luxury one- and two-bedroom residences designed to offer a wider range of layouts and sizes.

The development currently comprises 168 fully furnished, Sheraton-branded residences. One-bedroom units average between 700 and 950 sq. ft., while two-bedroom residences range from approximately 1,150 to 1,380 sq. ft.

The project features direct beachfront access, private beach facilities, resort-style amenities, rooftop lifestyle spaces, wellness facilities and hotel-style services.

The latest phase was showcased to Dubai’s real estate community at Atara Development’s dedicated presence at DPS Property Exhibition Centre.

 Umid Bazarov, Chief Operating Officer at Atara Development, presented the updated Sheraton Residences offering and outlined its positioning within the rapidly developing Al Marjan Island market.

The event also featured Khaled Assaf, Commercial Director at Marjan, who discussed Ras Al Khaimah’s expanding tourism and hospitality ecosystem, growing investor interest and the emirate’s evolving real estate market.

 He also highlighted Al Marjan Island’s role in the wider development story.

The island is gaining momentum through new hospitality investments, infrastructure development and the arrival of major destinations, including Wynn Al Marjan Island.

The expanding presence of international hospitality brands is further raising the destination’s profile among investors, residents and international visitors.

The Residences at Sheraton Al Marjan Island Resort is positioned as the GCC’s first Sheraton-branded residences, combining the global recognition of the Sheraton brand with Atara’s experience in waterfront residential development.

The project also marks an expansion of Atara’s portfolio beyond its established waterfront developments in Dubai, including Pearl Jumeirah, into larger-scale, branded and island-led communities.

With construction progressing and its residential offering evolving, the project enters its next phase against the backdrop of Ras Al Khaimah’s growing investment and tourism ambitions. -TradeArabia News Service