Latest news with #Clédor
Khaleej Times
a day ago
- Business
- Khaleej Times
Dubai developer aims to invest Dh2.1 billion across projects in UAE
Clédor, a real estate development and investment firm based in Dubai, is aiming to invest Dh2.1 billion across its protfolio of projects across the UAE, the company's CEO said. The firm recently launched Arthouse Residences in Al Marjan Island, a branded residential project in collaboration with Arthouse Hotel NYC and Prospect. Valued at Dh400 million, this development is the first-ever Arthouse-branded residential project outside of the US and is set to redefine cultural luxury living in the UAE. 'Out of the total investment of Dh2.1 billion, the remaining 1.7 billion will be in Dubai, but only in prime micro markets. We have two projects, one coming up in Meydan 1, and a villa project coming up in Wadi Al Safa. We'll be launching these projects immediately after our RAK launch,' Omar Gull, Founder of Clédor, said. With a handover scheduled for Q1 2028 and prices starting at Dh925,000, the project is poised to attract both end-users and global investors to Ras Al Khaimah's growing luxury landscape. Abdulla Al Abdouli, CEO of Marjan, added: 'The exquisite mix of fascinating nature and well-preserved history of Ras Al Khaimah has made Al Marjan Island a magnet for iconic developments and international brands. The launch of Arthouse Residences reinforces our commitment to elevating the island into a world-class destination that offers unmatched lifestyle experiences. We are delighted to welcome a brand like Arthouse, which adds cultural richness, design excellence, and global prestige to our master-planned community.' The project introduces 201 units to Al Marjan Island, ranging from studios to one-bedroom apartments and one-bedroom duplexes, as well as 4 F&B-focused retail units. Gull does not envisage the shrinking land bank in Dubai to be a problem for developers. 'Yes it is true that the land bank is shrinking, but there is a lot of land that was sold before 2008 that is still available for development. So there's a lot of opportunity of outright purchase and restructuring,' Gull said. While most analysts are forecasting a softening of the real estate market this year, Gull remains unphased. 'It's simple mathematics — the UAE's projected population increase is around 160,000 while the total number of units to be delivered is between 30,000 to 40,000. That's four people per apartment, which is actually pretty high. So far there's a shortfall getting created over the last three to four years, so even when we see a higher supply than last year and the previous year's sales, there actually is a pent up demand which has picked up it's going to service that demand, So I don't see supply leading to any sort of softening in the market,' Gull said.
Tourism Breaking News
09-06-2025
- Business
- Tourism Breaking News
Clédor officially launches the first-ever Arthouse Branded Residences Outside the U.S., opening on Al Marjan Island in Q1 2028
Post Views: 30 Clédor has officially launched Arthouse Residences Al Marjan Island, a distinctive branded residential project in collaboration with Arthouse Hotel NYC and Prospect. Valued at AED 400 million, this exclusive development is the first-ever Arthouse-branded residential project outside of the U.S. and is set to redefine cultural luxury living in the UAE. The launch was held to a full-house of investors, brokers and VIPs, following the successful signing ceremony held in Dubai in April. This marks a bold new chapter in Clédor's mission to deliver design driven, globally inspired, branded living experiences to the UAE. 'Following our landmark signing, we are proud to officially showcase the Arthouse Residences Al Marjan Island – an iconic project that celebrates creativity, individuality, and timeless design,' said Omar Gull, Founder of Clédor. 'This is not just a real estate development; it's a lifestyle statement shaped by iconic architecture and design. With a stunning rooftop infinity pool and a private beach club integrated into the masterplan, the development embodies the essence of artistic luxury. Our goal is to offer something unique: a culturally rich, aesthetically elevated living experience that speaks to both local sensibilities and international aspirations.' Strategically located on the iconic Al Marjan Island, the development offers a seamless blend of modern design and lifestyle-focused amenities curated for residents who value sophistication and cultural depth. With a handover scheduled for Q1 2028 and prices starting under a million dirhams, the project is poised to attract both end-users and global investors seeking a refined and differentiated address in Ras Al Khaimah's growing luxury landscape. Arch. Abdulla Al Abdouli, CEO of Marjan, added: 'The exquisite mix of fascinating nature and well-preserved history of Ras Al Khaimah has made Al Marjan Island a magnet for iconic developments and international brands. The launch of Arthouse Residences reinforces our commitment to elevating the island into a world-class destination that offers unmatched lifestyle experiences. We are delighted to welcome a brand like Arthouse, which adds cultural richness, design excellence, and global prestige to our master-planned community.' The project introduces 201 meticulously designed residences to Al Marjan Island, ranging from studios to one-bedroom apartments and unique one-bedroom duplexes, as well as 4 F&B-focused retail units — all brought to life with the signature character and refined aesthetic of the century-old Arthouse Hotel on NYC's Upper West Side. Prices start from AED 925,000 offering world-class amenities designed for modern lifestyles. Residents will enjoy an extensive array of thoughtfully designed amenities, including: ● An infinity pool (with separate adult and children's areas) ● Full-service spa with steam and sauna rooms ● Paddle court and outdoor adult-sized chess board ● Indoor cinema ● Sunken conversation pit and co-working spaces ● State-of-the-art gym and children's playground This launch marks another significant milestone in Clédor's rapidly expanding portfolio, which has exceeded AED 2.25 billion in value for their development pipeline across key UAE destinations, including Ras Al Khaimah and Dubai. The project is exclusively marketed and sold by Prospect, a strategic investment and real estate consultancy firm. 'This collaboration with Clédor and Arthouse NYC marks a defining moment for Prospect. Arthouse Residences Al Marjan Island brings global sophistication and artistic heritage to one of the UAE's most visionary destinations. It's more than a branded residence—it's a cultural landmark and a long-term value proposition. For Prospect, leading the sales and investment strategy for a development of this calibre reinforces our position as a trusted partner in high-impact, design-led real estate. It also reflects our commitment to shaping the next era of luxury living in Ras Al Khaimah and beyond,' said Rajat Verma, Co-founder of Prospect. With a proven legacy in hospitality, heritage appeal and design-first philosophy, Arthouse Hotel NYC promises to bring a branded residential offering with a difference —delivering a one-of-its-kind lifestyle and investment opportunity for Al Marjan Island.
Trade Arabia
04-05-2025
- Business
- Trade Arabia
Clédor and Arthouse Hotel, NYC partner for RAK residences
Clédor, a real estate development management firm, and New York City's Arthouse Hotel have partnered to launch Al Marjan Arthouse residences on the Al Marjan Islands in Ras Al Khaimah, the companies have announced. The AED400 million ($109 million) project marks Arthouse Hotel's first residential venture outside the US. Clédor, with a development pipeline valued at over AED2.1 billion, said the branded residences align with its strategy to create high-yield, design-focused communities, targeting investor returns of over 150% and average unit prices exceeding AED 14 million. The signing ceremony took place in Dubai on Sunday, attended by representatives from Clédor, Arthouse, Marjan, and Prospect. These included Omar Gull, Founder and Chairman of Clédor, Karim El Aqabi, from Arthouse, Arch. Abdulla Al Abdouli, CEO, Marjan and Islam El Dafrawy, Co-founder, Prospect. Founder & Chairman of Clédor Omar Gull said: "Today's signing marks the beginning of a powerful collaboration rooted in excellence, heritage, and innovation. We are very excited to partner with Arthouse Hotel, NYC, to bring a legacy of refined and artistic living into the heart of the UAE's most dynamic communities – Al Marjan Island. With Arthouse, we're introducing a new style of luxury, one that brings a creative, cultural dimension to Ras Al Khaimah.' 'Al Marjan Island is already a powerhouse for leisure and entertainment, drawing visitors and investors from all over the world. Through this partnership with Arthouse, we hope to add a new layer to the island's story, a place where art and culture live side by side with lifestyle and hospitality. 'We are truly grateful to Arthouse NYC, and Marjan leadership and our strategic partner Prospect for believing in our vision. Together our partnership will continue to add to the UAE's every-growing and vibrant real estate landscape,' he added. The collaboration brings together Clédor's robust development expertise with the refined hospitality legacy of Arthouse NYC to introduce a new standard of living through branded residences on Al Marjan Island, Ras Al Khaimah and Meydan, Dubai. The residences will reflect the same elevated design, service, and lifestyle experience that have defined Arthouse's presence on New York's Upper West Side for over 100 years, according to Clédor. 'I am excited to announce this new chapter for Arthouse and we are honoured to partner with Clédor, who have a deep understanding of the UAE market and clientele,' said Karim El Aqabi, spokesperson of Arthouse. 'We trust in their experience to build something special and lasting. This is the first time Arthouse is stepping outside the United States of America and together we hope to build a timeless legacy. We chose the UAE, and especially Al Marjan Island, because of the robust growth of real estate, vision of the leadership, and ambition and forward-thinking outlook of the region. This is the beginning of more projects to come to this region from the Arthouse brand portfolio. We would like to express our gratitude to all our stakeholders for the trust and partnership.' Marjan's CEO Arch. Abdulla Al Abdouli said: 'The exquisite mix of fascinating nature and well-preserved history of Ras Al Khaimah has been attracting luxurious facilities and projects to the emirate, elevating our iconic island to one of the UAE's top destinations for tourism and growth, attracting the best of investments. 'It is with great pleasure that we welcome Arthouse Residences to Al Marjan Island. Their presence reflects our continued commitment to developing a world-class destination defined by architectural excellence, cultural enrichment, and exceptional quality of life. We look forward to the unique character and prestige Arthouse Residences will bring to our evolving landscape and growing community.' 'We are proud to partner with Clédor in bringing Arthouse NYC to the UAE — a bold and visionary undertaking that bridges global creativity with the region's dynamic real estate landscape. This collaboration reflects our shared belief in the power of a reputed global brand, investment prospects in Al Marjan Island and innovation in our industry that can shape extraordinary spaces and enduring value. Together, we are laying the foundation for yet another new benchmark in culturally inspired development that resonates with international sensibilities and local ambitions,' added Islam El Dafrawy, Co-founder, Prospect.
Tourism Breaking News
03-05-2025
- Business
- Tourism Breaking News
Clédor signs landmark agreement to bring the first Arthouse Hotel NYC Branded Residences to the UAE, valued at AED 400 Million
Post Views: 86 In a significant move set to bring Manhattan's creative legacy to the Middle East, Clédor has officially signed a partnership agreement with Arthouse Hotel, NYC. Coming to the iconic Al Marjan Islands in Ras Al Khaimah, Al Marjan Arthouse, valued at AED 400 Million, will be the brand's first residences outside of the USA. With a project development pipeline valued at over AED 2.1 billion, Clédor continues to make bold strides in reshaping the region's real estate landscape. These branded residences are part of Clédor's vision to deliver high-yield, design-forward communities that offer 150%+ investor returns and average unit prices exceeding AED 14 million. The signing ceremony took place today, at the elegant Amelia Lounge in Downtown Dubai, in the presence of Omar Gull, Founder & Chairman of Clédor, Karim El Aqabi, from Arthouse, Arch. Abdulla Al Abdouli, CEO, Marjan and Islam El Dafrawy, Co-founder, Prospect. 'Today's signing marks the beginning of a powerful collaboration rooted in excellence, heritage, and innovation. We are very excited to partner with Arthouse Hotel, NYC, to bring a legacy of refined and artistic living into the heart of the UAE's most dynamic communities – Al Marjan Island. With Arthouse, we're introducing a new style of luxury, one that brings a creative, cultural dimension to Ras Al Khaimah. 'Al Marjan Island is already a powerhouse for leisure and entertainment, drawing visitors and investors from all over the world. Through this partnership with Arthouse, we hope to add a new layer to the island's story, a place where art and culture live side by side with lifestyle and hospitality. We are truly grateful to Arthouse NYC, and Marjan leadership and our strategic partner Prospect for believing in our vision. Together our partnership will continue to add to the UAE's every-growing and vibrant real estate landscape,' said Omar Gull, Founder & Chairman of Clédor. The collaboration brings together Clédor's robust development expertise with the refined hospitality legacy of Arthouse NYC to introduce a new standard of living through branded residences on Al Marjan Island, Ras Al Khaimah and Meydan, Dubai. The residences will reflect the same elevated design, service, and lifestyle experience that have defined Arthouse's presence on New York's Upper West Side for over 100 years. 'I am excited to announce this new chapter for Arthouse and we are honoured to partner with Clédor, who have a deep understanding of the UAE market and clientele. We trust in their experience to build something special and lasting. This is the first time Arthouse is stepping outside the United States of America and together we hope to build a timeless legacy. We chose the UAE, and especially Al Marjan Island, because of the robust growth of real estate, vision of the leadership, and ambition and forward-thinking outlook of the region. This is the beginning of more projects to come to this region from the Arthouse brand portfolio. We would like to express our gratitude to all our stakeholders for the trust and partnership, said Karim El Aqabi, spokesperson of Arthouse. 'The exquisite mix of fascinating nature and well-preserved history of Ras Al Khaimah has been attracting luxurious facilities and projects to the emirate, elevating our iconic island to one of the UAE's top destinations for tourism and growth, attracting the best of investments. It is with great pleasure that we welcome Arthouse Residences to Al Marjan Island. Their presence reflects our continued commitment to developing a world-class destination defined by architectural excellence, cultural enrichment, and exceptional quality of life. We look forward to the unique character and prestige Arthouse Residences will bring to our evolving landscape and growing community,' said Arch. Abdulla Al Abdouli, CEO, Marjan. 'We are proud to partner with Clédor in bringing Arthouse NYC to the UAE — a bold and visionary undertaking that bridges global creativity with the region's dynamic real estate landscape. This collaboration reflects our shared belief in the power of a reputed global brand, investment prospects in Al Marjan Island and innovation in our industry that can shape extraordinary spaces and enduring value. Together, we are laying the foundation for yet another new benchmark in culturally inspired development that resonates with international sensibilities and local ambitions,' added Islam El Dafrawy, Co-founder, Prospect. This strategic alliance not only solidifies Clédor's role in driving the UAE property market forward but also marks Arthouse's official entry into the Middle East—bringing with it a century of curated living to a new generation of luxury homeowners.
Arabian Business
02-05-2025
- Business
- Arabian Business
Dubai's Clédor partners with NYC's Arthouse Hotel for AED400mn branded residences in Ras Al Khaimah
Clédor, a Dubai-based premier real estate development management company, announced a partnership with Arthouse Hotel, NYC, to bring Manhattan's creative legacy to the Middle East. The Dubai company signed a partnership agreement with Arthouse Hotel, NYC, to launch the latter's branded residences in Al Marjan Island in Ras Al Khaimah. The project, christened as Al Marjan Arthouse, is estimated to be valued at AED400 million, and will be Arthouse Hotel's first residences outside of the USA, Clédor said in a media release. 'The [agreement] signing marks the beginning of a powerful collaboration rooted in excellence, heritage, and innovation,' said Omar Gull, Founder and Chairman of Clédor. 'We are very excited to partner with Arthouse Hotel, NYC, to bring a legacy of refined and artistic living into the heart of the UAE's most dynamic communities – Al Marjan Island. 'With Arthouse, we're introducing a new style of luxury, one that brings a creative, cultural dimension to Ras Al Khaimah,' he said. Gull said Al Marjan Island is already a powerhouse for leisure and entertainment, drawing visitors and investors from all over the world, and through the partnership with Arthouse, Clédor hopes to add a new layer to the island's story. Karim El Aqabi, spokesperson of Arthouse, said they are excited to announce this new chapter for Arthouse. 'This is the first time Arthouse is stepping outside the United States of America, and together we hope to build a timeless legacy. 'We chose the UAE, and especially Al Marjan Island, because of the robust growth of real estate, vision of the leadership, and ambition and forward-thinking outlook of the region,' he said. El Aqabi said this is the beginning of more projects to come to this region from the Arthouse brand portfolio. The collaboration brings together Clédor's robust development expertise with the refined hospitality legacy of Arthouse NYC to introduce a new standard of living through branded residences on Al Marjan Island, Ras Al Khaimah and Meydan, Dubai. A post shared by Rajat Verma (RV) (@rajat_aarvees) The residences will reflect the same elevated design, service, and lifestyle experience that have defined Arthouse's presence on New York's Upper West Side for over 100 years, Clédor said. Abdulla Al Abdouli, CEO, Marjan, said the exquisite mix of fascinating nature and well-preserved history of Ras Al Khaimah has been attracting luxurious facilities and projects to the emirate, elevating the iconic island to one of the UAE's top destinations for tourism and growth, attracting the best of investments. 'It is with great pleasure that we welcome Arthouse Residences to Al Marjan Island. Their presence reflects our continued commitment to developing a world-class destination defined by architectural excellence, cultural enrichment, and exceptional quality of life,' he said. This strategic alliance further solidifies Clédor's role in driving the UAE property market, the company said.
