Ardee Unveils AED 15 Billion Real Estate Masterplan with New Downtown Development on Al Marjan Island
Ras Al Khaimah's upcoming mixed-use destination will combine residential communities, retail, hospitality and leisure facilities, with phased project delivery scheduled to begin in 2030.
Ras Al Khaimah's property development landscape is set for another major addition following the launch of Ardee, a developer introducing a real estate portfolio valued at more than AED 15 billion. The company has also revealed Ardee Downtown, a large-scale mixed-use development planned for Al Marjan Island, designed to bring residential living, shopping, hospitality and entertainment together within one destination.
The newly announced district represents the flagship project within Ardee's wider development portfolio in Ras Al Khaimah. The company's masterplan covers approximately 5.2 million square feet of gross floor area and 9 million square feet of total built-up area across its planned urban and waterfront developments.
Ardee Downtown is being positioned as the emirate's first fully integrated premium downtown district. Its development strategy focuses on creating a connected community where residents and visitors can access homes, commercial spaces, restaurants, leisure attractions and public areas within the same neighbourhood.
Founded in 2023, Ardee is led by a team with experience in destination development, urban planning and community creation. Its network of project partners includes Fairmont, part of Accor, Pelli Clarke & Partners, DP Architects, Turner International Middle East, Mirage and Marjan.
Ardee Downtown to Combine Residential, Retail and Leisure Facilities
The new downtown district will occupy approximately 3.5 million square feet of gross floor area, including the Ardee Views residential development. Its planned facilities will include apartments, branded residences, townhouses, commercial spaces and hospitality offerings.
Retail and dining will form an important part of the development, with more than 600,000 square feet allocated to shopping and food-related experiences. A signature lifestyle mall and dedicated dining pavilions will serve as major attractions within the district.
The development will also feature a waterfront promenade extending approximately 600 metres, connecting retail outlets, restaurants, landscaped areas and public spaces. The pedestrian-friendly waterfront is intended to provide an active setting for everyday activities, social gatherings and entertainment throughout the year.
Four landscaped community parks will further strengthen the neighbourhood's residential appeal, while outdoor plazas, wellness facilities and cultural spaces will create opportunities for residents and visitors to spend time within the district.
The masterplan also places emphasis on creating an environment that remains active beyond traditional shopping and leisure hours. Restaurants, cafés, temporary retail concepts, public events and artistic installations are expected to contribute to the district's overall atmosphere.
Ardee Views Introduces 652 Residential Units
Alongside the downtown announcement, Ardee revealed Ardee Views, a residential development consisting of two towers with a combined total of 652 homes.
The twin towers are planned as an important connection between Ardee Downtown and Ardee Waterfront, providing a residential gateway to the wider masterplanned destination.
Facilities within Ardee Views will include a signature restaurant, a club lounge overlooking the downtown district, a 40-metre resort-style swimming pool and a modern fitness centre. Additional amenities are expected to include residents' lounges, community retail, concierge assistance and valet services.
The residential component is intended to complement the wider development by offering residents access to shopping, dining, hospitality and leisure facilities within close proximity.
Fairmont Waterfront Development Forms the First Phase
Ardee's latest announcement builds on its previously introduced waterfront project, which includes Fairmont Residences and Hotel Fairmont Al Marjan Island.
Developed in partnership with Fairmont, part of Accor, and designed by Pelli Clarke & Partners, the AED 2 billion waterfront development covers approximately 1.7 million square feet of gross floor area along a 350-metre beachfront.
The project is planned to include a 224-key Fairmont hotel alongside 516 branded residential units. Its residential collection will feature apartments, townhouses and high-end beachfront villas.
Residents will also have access to hospitality and lifestyle facilities, including a rooftop swimming pool, wellness areas, dining venues and fitness amenities.
Together, Ardee Waterfront and Ardee Downtown will form a larger integrated destination on Al Marjan Island. Once fully developed, the masterplan is expected to deliver more than 4,000 premium residential units across different property categories, ranging from apartments to branded residences and beachfront villas.
Long-Term Development Strategy Targets Ras Al Khaimah's Growth
Ardee's masterplan reflects the growing interest in large-scale residential and lifestyle developments across Ras Al Khaimah, particularly in locations with strong tourism and waterfront appeal.
Al Marjan Island has become an important part of the emirate's development strategy, attracting hospitality operators, residential developers and international investment. The addition of a dedicated downtown district could further expand the island's appeal by introducing a wider range of residential, commercial and leisure facilities.
Ardee is expected to manage the entire development process, covering initial planning, design, construction delivery and long-term community management.
Construction and delivery of Ardee Downtown are scheduled to take place in phases beginning in 2030. The company aims to establish a connected destination that combines residential communities with commercial activity, tourism and everyday lifestyle experiences.
With a portfolio exceeding AED 15 billion in gross development value and a long-term target of more than 4,000 homes, Ardee's entry adds another significant development to Ras Al Khaimah's expanding real estate pipeline.
END.
