Clédor, a real estate development and investment firm based in Dubai, plans to invest Dh2.1 billion across its portfolio of projects throughout the UAE, as announced by the company’s CEO.

The firm has recently launched Arthouse Residences on Al Marjan Island, which is a branded residential project created in collaboration with Arthouse Hotel NYC and Prospect. Valued at Dh400 million, this project marks the first Arthouse-branded residential development outside the United States and aims to redefine cultural luxury living in the UAE. With handovers scheduled for the first quarter of 2028 and prices starting at Dh925 000, the project is expected to attract both end-users and global investors to Ras Al Khaimah’s expanding luxury market.

Abdulla Al Abdouli, CEO of Marjan, highlighted that the unique blend of nature and historical richness in Ras Al Khaimah makes Al Marjan Island a prime location for iconic developments and international brands. He stated that the launch of Arthouse Residences reflects their commitment to enhancing the island into a world-class destination that offers unmatched lifestyle experiences. Al Abdouli expressed excitement about welcoming a brand like Arthouse, which contributes cultural depth, design excellence, and global prestige to their master-planned community.

The project will introduce 201 units to Al Marjan Island, which will include a mix of studio and one-bedroom apartments, one-bedroom duplexes, and four food and beverage-focused retail units.

Despite concerns about the shrinking land bank in Dubai, Gull, another key player in the development sector, does not foresee this as a problem for developers. He noted that while the land bank is indeed shrinking, many plots sold before 2008 remain available for development, presenting significant opportunities for outright purchase and restructuring.

While many analysts predict a softening of the real estate market this year, Gull remains optimistic. He explained that the UAE is expected to see a population increase of around 160 000, while the total number of housing units set to be delivered is between 30 000 to 40 000. This results in an average of four people per apartment, which is considered high. He pointed out that a shortfall has been developing over the last three to four years. Thus, even with a higher supply than in previous years, there is pent-up demand that will continue to fuel the market, and he does not anticipate that supply will lead to any softening in property values.