ARDEE LAUNCHES WITH A MASTERPLAN EXCEEDING AED 15 BILLION AND UNVEILS ARDEE DOWNTOWN, RAS AL KHAIMAH’S FIRST FULLY-FLEDGED DOWNTOWN DISTRICT, ON AL MARJAN ISLAND
-Ardee Downtown is the flagship development of Ardee’s Al Marjan Island portfolio, which spans 5.2 million sq ft of gross floor area and 9 million sq ft of total built-up area across urban and waterfront developments
-Ardee Downtown revealed as Ras Al Khaimah’s first fully-fledged mixed-use premium downtown district, uniting retail, dining, hospitality, leisure and residential living in a single, connected urban ecosystem
-The newest addition to a portfolio with a gross development value exceeding AED 15 billion, the district is expected to support Ras Al Khaimah’s tourism growth and economic diversification
–Ardee Views, twin residential towers comprising 652 units, introduced as the gateway to Ardee Downtown and the link to Ardee Waterfront
The reveal builds on the Fairmont Residences and Hotel Fairmont Al Marjan Island at Ardee Waterfront, introduced last year as the first phase of the masterplan
Ardee Downtown is scheduled for phased delivery from 2030, with Ardee overseeing the full development lifecycle and long-term community management
Dubai, United Arab Emirates – 10 November 2026: Ardee, a destination developer of premium integrated communities, has officially launched its brand with the reveal of Ardee Downtown, Ras Al Khaimah’s first fully-fledged mixed-use premium downtown district, on Al Marjan Island. Unveiled at the company’s launch event, Ardee Downtown is the flagship development and the newest addition to a portfolio with a gross development value exceeding AED 15 billion, spanning 5.2 million sq ft of gross floor area and 9 million sq ft of total built-up area across urban and waterfront developments on Al Marjan Island.
The district brings together a signature lifestyle mall, dining, hospitality, leisure and entertainment alongside Ardee Views, its residential offering at the heart of the destination.
Founded in 2023 by Chairman Romeo Abdo, Ardee is led by a team with decades of experience in destination creation, placemaking and community building. Its partner ecosystem includes Fairmont, part of Accor; Pelli Clarke & Partners; DP Architects; Turner International Middle East (TiME); Mirage; and Marjan.
Speaking at the event, Abdullah Al Abdouli, Group CEO of Marjan, said: “Al Marjan Island is an iconic destination where the developers are now shaping its character. Ardee’s commitment is a significant one, and the Downtown makes the whole destination stronger. Our role as master developer is to make early commitments and put the foundations in place, so partners can build here with confidence. That is how we curate growth that creates opportunity for Ras Al Khaimah.”
Delivering the opening keynote, Natalie Bogdanova, Managing Director and Executive Board Member of Ardee, said: “Al Marjan Island offers a rare opportunity to create something at the scale of an entire destination, where land meets water and nature meets ambition. That scale allows us to think differently about how every part of a destination works together, from homes and hospitality to retail, leisure, and public spaces. Our ambition is to contribute to Ras Al Khaimah’s next phase of growth with a mixed-use destination that brings investment, community, and everyday experiences together, and where people aspire to live, connect and belong together. With today’s launch, that vision begins to take shape.”
Ardee Downtown
At the heart of Al Marjan Island, Ardee Downtown will bring together residential, commercial, hospitality, retail and leisure uses within a single, connected urban ecosystem. The district will span 3.5 million sq ft of gross floor area, including Ardee Views, and will offer apartments, branded residences and townhouses. More than 600,000 sq ft of retail and dining space, anchored by the signature lifestyle mall and dining pavilions, will line a 600-metre walkable waterfront promenade and green spaces designed to host leisure, entertainment and events throughout the year.
Built for the rhythms of everyday life and designed to world-class premium standards, Ardee Downtown will feature activated plazas, all-day programming, wellness offerings and curated cultural spaces, allowing residents and visitors to move effortlessly between work, leisure, culture and celebration. Welcoming public spaces will bring families and neighbours together through casual outdoor dining, artisanal cafés and community events, while four landscaped community parks will connect the district to the wider Al Marjan Island community.
The promenade is conceived as an active urban strip from day to night, combining premium retail and bold dining concepts with flexible spaces for pop-ups and events, and brought to life by restaurants, year-round programming, art installations and immersive light shows.
Ardee Views
Ardee also unveiled Ardee Views, twin residential towers forming the gateway to Ardee Downtown and the link to Ardee Waterfront. Comprising 652 residential units, Ardee Views will feature a signature restaurant and club lounge with sweeping Downtown views, a 40-metre resort-style pool and state-of-the-art gym facilities on the amenity deck. Residents will also have access to community retail, a residents’ lounge, and valet and concierge services.
Ardee Waterfront
The reveal builds on the Fairmont Residences and Hotel Fairmont Al Marjan Island, which Ardee introduced last year as the first phase of Ardee Waterfront. Developed in partnership with Fairmont, part of Accor, and designed by Pelli Clarke & Partners, the AED 2 billion luxury hospitality and branded residential development spans 1.7 million sq ft of gross floor area along 350 metres of sunset-facing beachfront.
It will deliver a 224-key Fairmont hotel and 516 Fairmont branded residences, ranging from apartments and townhouses to ultra-premium seafront villas. Residents will enjoy a signature rooftop pool and leading wellness, dining and fitness facilities.
Together, Ardee Waterfront and Ardee Downtown form a single masterplanned destination that, at full build-out, is planned to deliver more than 4,000 premium residences, including apartments, branded residences, townhouses and beachfront villas.
Ardee Downtown is scheduled for phased delivery from 2030 onwards, with Ardee overseeing the full development lifecycle, from strategic positioning and product design through to delivery and long-term community management.
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About Ardee
Ardee is a destination developer of premium integrated communities, placing enriched lifestyle experiences at the centre of everything it builds. Founded in 2023, Ardee is advancing a portfolio with a gross development value exceeding AED 15 billion, spanning 5.2 million sq ft of gross floor area and 9 million sq ft of total built-up area across urban and waterfront developments on Al Marjan Island in Ras Al Khaimah. The portfolio comprises two landmark developments: Ardee Downtown and Ardee Waterfront.
Ardee Downtown is Ras Al Khaimah’s first fully-fledged mixed-use premium downtown district, bringing together a signature lifestyle mall, a 600-metre waterfront promenade, premium residences, and world-class hospitality and leisure amenities within a single, connected urban ecosystem.
Ardee Waterfront is a luxury seafront community anchored by the Fairmont Residences and Hotel Fairmont Al Marjan Island, where refined living meets the serene setting of the Arabian Gulf.
At full build-out, the masterplanned destination is planned to deliver more than 4,000 premium residences, from elegantly appointed apartments to expansive seafront villas.
Ardee’s leadership team has held senior roles conceptualising and delivering celebrated urban addresses around the world and is joined by a partner ecosystem of global standing that includes Fairmont, part of Accor; Pelli Clarke & Partners; DP Architects; Turner International Middle East (TiME); Mirage; and Marjan.
Through considered design, uncompromising construction standards and partnerships built on shared ambition, Ardee creates destinations where people belong together.
For more information, visit www.ardee.ae.
Notes to Editors
All areas, figures, values and dates in this release are based on the current masterplan and remain subject to design development and applicable regulatory approvals in the Emirate of Ras Al Khaimah. References to delivery dates are indicative targets and not contractual commitments. This release does not constitute an offer to sell, an invitation to purchase or marketing of any real estate unit.
Fairmont Residences and Hotel Fairmont Al Marjan Island are developed and owned by Ardee and are not owned, developed or sold by Accor or its affiliates. The Fairmont name and marks are used under licence. All partner names and marks referenced in this release are the property of their respective owners.
