Ras Al Khaimah, UAE | April 18, 2025 — In a powerful move that highlights the growing global appeal of the UAE’s real estate market, Ardee Developments, a well-known real estate developer from India, has announced its official entry into the United Arab Emirates. The company’s debut will begin with a major, mixed-use development project on the iconic Al Marjan Island in Ras Al Khaimah (RAK), one of the fastest-growing emirates in the region.
This landmark project will cover over 2.5 million square feet and is designed to offer an upscale, urban living experience combined with stunning views and access to beachfront amenities. Though specific architectural details and brand collaborations are yet to be revealed, sources say the project will include luxury residences, retail zones, and entertainment spaces that cater to both tourists and residents.
A Billion-Dirham Bet on UAE’s Fastest-Rising Emirate
The size of the development clearly shows Ardee’s long-term confidence in Ras Al Khaimah’s real estate boom. According to recent market data, RAK saw real estate transactions more than double in value in 2024, increasing by nearly 118% year-over-year. The total value of deals crossed AED 15 billion, up from just over AED 6.9 billion the year before. That rapid growth is one of the key reasons Ardee chose RAK over more saturated markets like Dubai or Abu Dhabi.
“Ras Al Khaimah is no longer just a hidden gem. It’s now in the spotlight for investors around the world,” said a spokesperson from Ardee Developments. “We are excited to contribute to its transformation and bring our experience in building vibrant, high-value communities.”
Al Marjan Island: The Jewel of RAK’s Real Estate Growth
The project will be located on Al Marjan Island, a man-made group of four coral-shaped islands stretching 4.5 kilometers into the Arabian Gulf. Al Marjan has become a prime destination for developers due to its scenic beaches, luxury resorts, and increasing tourist appeal. Over the past year, property prices and rental yields on the island have surged significantly, with capital values rising as much as 35% and rental yields topping 9%, making it one of the UAE’s hottest real estate spots.
The island is already home to international hotel brands and is gearing up for the opening of the Wynn Al Marjan Island resort, a multibillion-dollar casino-resort that is expected to drive even more demand for high-end real estate, leisure, and entertainment.
Ardee’s upcoming development aims to match this premium positioning by offering modern, sustainable living with integrated retail and lifestyle options. While final designs have not yet been unveiled, industry experts expect a blend of smart homes, waterfront apartments, boutique shopping areas, and wellness-focused amenities.
Ardee’s International Expansion: A New Chapter
Ardee Developments has been a major player in India’s real estate sector, especially in luxury and mid-market segments. With more than two decades of experience, the firm has successfully delivered residential and commercial projects in cities like Delhi, Gurugram, and Bangalore.
Now, with its entry into the UAE, Ardee is stepping into one of the world’s most active property markets. This move also reflects a larger trend of Indian real estate companies expanding abroad, especially to the Gulf region, which has a large Indian diaspora, business-friendly policies, and strong demand for high-quality housing.
The UAE’s zero-income tax, political stability, and attractive investor visa programs make it a particularly appealing destination for developers and property buyers alike.
Why Ras Al Khaimah?
While Dubai and Abu Dhabi have long been the go-to hubs for property development in the UAE, Ras Al Khaimah has been quietly building momentum. It offers many of the same advantages—beachfront properties, strong infrastructure, free zones, and world-class resorts—but at a lower entry cost. This combination of affordability and high yield has made RAK a magnet for investors from Europe, Asia, and the wider Middle East.
The RAK government has also taken major steps to attract foreign investment, such as streamlining property ownership laws, offering long-term visas, and launching major infrastructure projects. With upcoming developments in hospitality, retail, and tourism, the emirate is working to diversify its economy while keeping sustainability and livability at its core.
Ardee’s large-scale entry is expected to further accelerate the emirate’s transformation into a global investment destination.
Future Prospects and Market Impact
Although the timeline and pricing details of Ardee’s project are yet to be announced, industry insiders say that the launch could come within the next 12 to 18 months. Given the size and location of the project, it’s likely to attract attention from both end-users looking for premium homes and investors seeking capital growth and rental income.
Real estate analysts believe Ardee’s presence could bring in more Indian developers and strengthen trade ties between India and the UAE’s northern emirates. It’s also a boost for the ongoing efforts to promote RAK as a standalone brand in tourism and investment, beyond the shadow of larger cities.
Final Thoughts
Ardee Developments’ bold entry into Ras Al Khaimah is more than just a business expansion—it’s a vote of confidence in the emirate’s potential to become a new center for luxury real estate in the Middle East. With the right mix of natural beauty, strategic location, and forward-thinking leadership, RAK is positioning itself as the next big thing in UAE’s ever-evolving skyline.
As Ardee prepares to lay the foundation for its first project outside India, all eyes will be on Al Marjan Island, where the future of coastal luxury living is being reimagined.
