ELEVATE Sells AED 38M Sky Mansion at Mondrian Al Marjan

UAE – January 2026: ELEVATE, the visionary luxury real estate brand, has announced a landmark sale at Mondrian Al Marjan Island Beach Residences, marking a major milestone for Ras Al Khaimah’s ultra-luxury market. The development’s signature “Crown Jewel” Sky Mansion, an expansive 10,000 sq. ft. residence featuring a private infinity pool and panoramic Wynn Resort views, was sold for AED 38 million (USD 10.35 million) within hours of release.

This record-breaking transaction sets a new standard for branded beachfront living in the Northern Emirates, underscoring the growing demand for high-end residences in the region. The Sky Mansion spans three levels, showcasing dramatic 28-foot ceilings, floor-to-ceiling windows, private roof gardens, and exclusive outdoor living spaces.

Zeeshaan Shah, Founder & Chairman of ELEVATE, said:
"The sale of our Sky Mansion is a defining moment for Mondrian Al Marjan Island Beach Residences and Ras Al Khaimah’s luxury real estate market. With Phase 2 EOIs now open, the response is already strong, and limited inventory ensures demand will continue to outpace supply."

Phase 2 offers a range of residences:

• 1–3 Bedroom Residences from AED 2.7 million

• 3–5 Bedroom Sky Collection from AED 8.8 million

• 3–4 Bedroom Front Row Collection from AED 9.4 million

The Mondrian Al Marjan Island Beach Residences is the brand’s first beachfront residential project in the region, designed by world-renowned architects Gensler and Bergman Design House. Residents will enjoy over 60,000 sq. ft. of curated amenities, including Fi’lia by the Beach, the Residents’ Sky Club, a fitness and wellness studio, multiple pools, and exclusive access to Mondrian’s signature on-demand services and Accor’s Platinum Owner Benefits Program.

Haider Ibrahim, Sales Director at ELEVATE, added:
"Buyer response from the first release has been exceptional. The Sky Mansion sale reflects the calibre of clientele we are attracting, drawn by beachfront positioning, branded living, and the long-term value driven by the Wynn destination next door. Phase 2 presents a rare opportunity to enter this prestigious project early."