Jacob & Co. is lending its name jeweller’s eye for opulence to a third apartment project in the Middle East with a deal to open a luxury development on Al Marjan Island, a new tourism hub 90 minutes north of Dubai in the emirate of Ras Al Khaimah.
Al Marjan Island is attracting global attention as it is set to become home to the first casino resort in the Middle East, a venture by Wynn from Las Vegas.
Jacob & Co Residences on Al Marjan Island will be built by local developer Mantra Properties.
With an estimated cost of $110 million, the development will merge luxury real estate with fine watchmaking, creating distinction in a regional landscape awash with upmarket property construction.
The Ras Al Khaimah project joins developments already underway in Dubai and Abu Dhabi.
In Dubai, Jacob & Co. has put its name and a glittering tiara on a 100-storey Burj Binghatti, which is set to become the tallest residential-only skyscraper in the world when it opens next year.
In Abu Dhabi, the capital city of the United Arab Emirates, there has been a signing ceremony for the creation of Jacob & Co. Beachfront Living by Ohana (the local developer), a project with 457 residences, including sea-view apartments, villas, penthouses, $20 million Sky Mansions and beachfront mansions.
The $1.28 billion development will introduce a Jacob & Co. Social Club concept that will have the first branded Seafront Cigar Lounge by Jacob & Co., an executive business centre with private meeting suites, and the world’s first members-only Jacob & Co. Residents Club with a watch gallery and rotating art exhibitions.
“Working closely with Ohana Development, we have woven our legacy of artistic excellence and ultra-luxury lifestyle into every aspect of this endeavour. Jacob & Co. Beachfront Living by Ohana is our tribute to coastal artistry, where visionary design, craftsmanship, and the allure of the sea merge to create unparalleled homes,” says Jacob Arabo, chairman and creative director of Jacob & Co.