Britain’s iconic luxury car brand Aston Martin has unveiled its first real estate development in the Gulf region through a new partnership with London-listed international property firm Dar Global.
The collaboration will see Aston Martin’s design team craft the interiors for an exclusive waterfront residential project located on Al Marjan Island in Ras Al Khaimah, UAE.
Scheduled for completion in 2028, the development will be the first time the automaker debuts in real estate in the Gulf Cooperation Council (GCC) states.
Aston Martin, Dar Global announces new branded residences
“Marking Aston Martin’s very first real estate collaboration in the GCC, we are incredibly proud to have the opportunity to design ultra-luxury interiors for what we believe will be an unparalleled development in the emerging luxury destination of Al Marjan Island,” Stefano Saporetti, Director of Brand Diversification at Aston Martin said.
Strategically positioned near the highly-anticipated Wynn resort, the new residences “marks a significant milestone for Dar Global as we expand our footprint into Ras Al Khaimah. With a track record of delivering iconic properties, we are committed to setting new standards of luxury living in this vibrant emirate,” Dar Global CEO Ziad El Chaar said.
Echoing the sentiment, Arch. Abdulla Al Abdouli, CEO of Marjan added: “the introduction of a residence with interiors by Aston Martin on Al Marjan Island further enhances the appeal of our premier destination. This partnership reflects our commitment to delivering unparalleled experiences and reinforces Ras Al Khaimah’s position as a leading real estate hub in the region”
With an estimated gross development value of $250 million, the seafront complex is being jointly developed with Ras Al Khaimah-based Aarvees Group.
Details of Aston Martin and Dar Global’s landmark collaboration are expected to be fully unveiled in May 2024.
“With our joint expertise in luxury developments, we look forward to delivering a truly splendid lifestyle for our valued customers with this new project on Al Marjan Island,” Rajat Verma, President of Aarvees Group said.
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