Mantra Properties and Jacob & Co Forge New Luxury Partnership in UAE
Deal News | Jul 11, 2025 | Zawya
Mantra Properties, a design-led real estate developer based in India, has partnered with Jacob & Co, a renowned luxury watch and jewelry brand, to develop ultra-luxury residences on Al Marjan Island, Ras Al Khaimah, UAE. Valued at AED 400 million, this project is set to merge Mantra's innovative design approach with Jacob & Co's bold aesthetic. It marks Mantra's first project in the UAE and Jacob & Co’s third residential development in the region. Al Marjan Island is positioned as a prime luxury living destination, and is being developed by Marjan, a master developer in Ras Al Khaimah. Announcements from both Mantra and Jacob & Co highlight a shared vision of blending craftsmanship, luxury, and innovation, with plans for further expansion in the UAE.
Sectors
- Real Estate Development
- Luxury Goods
Geography
- United Arab Emirates – The development project discussed in the article is located in the UAE, specifically on Al Marjan Island, Ras Al Khaimah.
- India – Mantra Properties is an Indian real estate developer headquartered in Pune, India, bringing its development experience to the UAE.
Industry
- Real Estate Development – The article discusses the development of ultra-luxury residences by Mantra Properties on Al Marjan Island.
- Luxury Goods – Jacob & Co brings its luxury watch and jewelry brand into the residential project, highlighting this as a venture in the luxury goods sector.
Financials
- AED 400 million – The valuation of the Jacob & Co Residences project on Al Marjan Island.
- AED 1.3 billion – The projected sellable value for Mantra's five new projects planned across the UAE over the next three years.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mantra Properties | Developer | Company | An Indian real estate developer entering the UAE market for the first time with this project. |
| Jacob & Co | Luxury Brand Partner | Company | A luxury jewelry and watch brand collaborating with Mantra Properties to bring their aesthetic to the residential project. |
| Marjan | Master Developer | Company | Responsible for the development of Al Marjan Island in Ras Al Khaimah, UAE. |
| Arch. Abdulla Al Abdouli | CEO of Marjan | Person | Commented on the partnership, highlighting its significance to Al Marjan Island. |
| Ankit Gupta | Executive Director of Mantra Properties | Person | Expressed the partnership as a reflection of Mantra's legacy. |
| Rohit Gupta | CEO of Mantra Properties | Person | Highlighted the partnership's potential to redefine luxury living in the UAE. |
| Jacob Arabo | Founder & Chairman of Jacob & Co | Person | Spoke about the shared vision with Mantra Properties in creating a unique luxury living experience. |