In a major milestone for UAE’s luxury property sector, Clédor, a leading real estate development management firm, has entered into a strategic alliance with Arthouse Hotel NYC. This partnership marks the debut of the Arthouse brand’s first international branded residences, to be located on the prestigious Al Marjan Island in Ras Al Khaimah. The project, named Al Marjan Arthouse, is estimated at AED 400 million and introduces a distinctive blend of art, culture, and high-end living to the region.
Strengthening a Vision for Design-Driven Investment
With an impressive AED 2.1 billion project pipeline, Clédor continues to redefine the local property market through the creation of premium, design-focused communities. The upcoming residences aim to deliver over 150% return on investment, with unit prices averaging more than AED 14 million, reinforcing Clédor’s commitment to high-yield ventures for discerning investors.
The agreement was formalized at an exclusive signing event held at Amelia Lounge in Downtown Dubai. The ceremony was attended by key figures including Clédor Founder and Chairman Omar Gull, Karim El Aqabi from Arthouse NYC, Marjan CEO Arch. Abdulla Al Abdouli, and Islam El Dafrawy, Co-founder of Prospect Properties.
A New Chapter in Cultural Luxury
“Today’s signing is not just a business milestone—it’s the birth of a culturally rich collaboration that fuses heritage with innovation,” said Omar Gull, Founder and Chairman of Clédor. “Arthouse Hotel brings more than a century of artistic charm from Manhattan, and we’re proud to embed this legacy into the vibrant landscape of Al Marjan Island. Together, we are introducing a new definition of refined living—where creativity meets comfort in one of the UAE’s most promising destinations.” Gull also acknowledged the vital roles played by Arthouse, Marjan, and Prospect in realizing this shared vision, describing Al Marjan Island as a rising hub for global tourism and investment.
Global Brand, Local Insight
Karim El Aqabi, spokesperson for Arthouse, expressed enthusiasm for this international expansion. “We’re thrilled to begin this journey with Clédor, whose expertise and market understanding give us immense confidence,” he noted. “Our move to Al Marjan Island reflects our belief in the UAE’s forward-thinking leadership and its thriving real estate landscape. This is just the beginning of Arthouse’s presence in the region.” The project is envisioned as the first in a broader regional strategy to bring Arthouse’s signature charm and elegance to discerning homeowners across the Middle East.
Destination of Distinction
Arch. Abdulla Al Abdouli, CEO of Marjan, welcomed the addition of Arthouse Residences to the island, highlighting Ras Al Khaimah’s growing reputation as a luxury destination. “With its unique blend of natural beauty and historical significance, Al Marjan Island continues to attract iconic brands. Arthouse’s presence reflects our commitment to world-class development that celebrates architecture, culture, and lifestyle in equal measure.”
Shaping the Future of Real Estate
Islam El Dafrawy, Co-founder of Prospect Properties, emphasized the broader significance of the collaboration. “This project unites creative legacy with development expertise to craft a globally resonant living experience. By partnering with Clédor and Arthouse, we’re setting a new benchmark in culturally inspired real estate that aligns with both global standards and regional aspirations.”
This partnership underscores Clédor’s rising influence in the UAE real estate sector and marks a historic entry point for Arthouse into the Middle East market—ushering in a new era of sophisticated living.
Source: https://www.zawya.com/en/press-release/companies-news/cledor-signs-landmark-agreement-to-bring-the-first-arthouse-hotel-nyc-branded-residences-to-the-uae-valued-at-aed400mln-x694ec8l
