Clédor Brings Arthouse Hotel NYC Residences to UAE in AED 400M Deal
Clédor continues to make bold strides in reshaping the region’s real estate landscape, with a project pipeline valued at over AED 2.1 billion.
In a major cross-continental venture, Clédor, a leading name in real estate development management, has joined forces with New York City’s iconic Arthouse Hotel. Together, they are set to launch Al Marjan Arthouse, a luxurious branded residential project worth AED 400 million. This will be Arthouse’s first international venture, located on the scenic Al Marjan Island in Ras Al Khaimah.
Expanding a Vision: Clédor’s Growing Luxury Portfolio
The partnership adds to Clédor’s rapidly expanding development portfolio, which now exceeds AED 2.1 billion in value. With a commitment to delivering design-centric, high-yield properties, the company aims to generate investor returns above 150%, with average unit prices surpassing AED 14 million. This project aligns with Clédor’s strategy to build premium living spaces that blend creativity with strong investment performance.
A Landmark Signing Ceremony in Dubai
The official agreement was signed at the stylish Amelia Lounge in Downtown Dubai. Present at the ceremony were Clédor’s Founder & Chairman Omar Gull, Karim El Aqabi representing Arthouse, Marjan CEO Arch. Abdulla Al Abdouli, and Islam El Dafrawy, Co-founder of Prospect. The event marked a pivotal moment in cross-regional real estate collaboration.
"Today’s signing marks the beginning of a powerful collaboration rooted in excellence, heritage, and innovation. We are very excited to partner with Arthouse Hotel, NYC, to bring a legacy of refined and artistic living into the heart of the UAE’s most dynamic communities – Al Marjan Island. With Arthouse, we’re introducing a new style of luxury, one that brings a creative, cultural dimension to Ras Al Khaimah.”
“Al Marjan Island is already a powerhouse for leisure and entertainment, drawing visitors and investors from all over the world. Through this partnership with Arthouse, we hope to add a new layer to the island’s story, a place where art and culture live side by side with lifestyle and hospitality. We are truly grateful to Arthouse NYC, and Marjan leadership and our strategic partner Prospect for believing in our vision. Together our partnership will continue to add to the UAE's ever-growing and vibrant real estate landscape,” said Omar Gull, Founder & Chairman of Clédor.
Merging New York Elegance with Emirati Ambition
The collaboration leverages Clédor’s real estate development strength and Arthouse’s longstanding hospitality heritage. The result will be a new benchmark in branded residences in both Al Marjan Island and Meydan, Dubai. These residences aim to recreate the design sophistication, personalized service, and upscale lifestyle that have defined Arthouse’s reputation on Manhattan’s Upper West Side for more than a century.
“I am excited to announce this new chapter for Arthouse and we are honoured to partner with Clédor, who have a deep understanding of the UAE market and clientele. We trust in their experience to build something special and lasting. This is the first time Arthouse is stepping outside the United States of America and together we hope to build a timeless legacy. We chose the UAE, and especially Al Marjan Island, because of the robust growth of real estate, vision of the leadership, and ambition and forward-thinking outlook of the region. This is the beginning of more projects to come to this region from the Arthouse brand portfolio. We would like to express our gratitude to all our stakeholders for the trust and partnership,” said Karim El Aqabi, spokesperson of Arthouse.
“The exquisite mix of fascinating nature and well-preserved history of Ras Al Khaimah has been attracting luxurious facilities and projects to the emirate, elevating our iconic island to one of the UAE’s top destinations for tourism and growth, attracting the best of investments. It is with great pleasure that we welcome Arthouse Residences to Al Marjan Island. Their presence reflects our continued commitment to developing a world-class destination defined by architectural excellence, cultural enrichment, and exceptional quality of life. We look forward to the unique character and prestige Arthouse Residences will bring to our evolving landscape and growing community,” said Arch. Abdulla Al Abdouli, CEO, Marjan.
“We are proud to partner with Clédor in bringing Arthouse NYC to the UAE — a bold and visionary undertaking that bridges global creativity with the region’s dynamic real estate landscape. This collaboration reflects our shared belief in the power of a reputed global brand, investment prospects in Al Marjan Island and innovation in our industry that can shape extraordinary spaces and enduring value. Together, we are laying the foundation for yet another new benchmark in culturally inspired development that resonates with international sensibilities and local ambitions,” added Islam El Dafrawy, Co-founder, Prospect.
A Strategic Leap into the Middle East for Arthouse
This alliance not only highlights Clédor’s influence in shaping the UAE’s luxury property sector but also marks Arthouse’s official debut in the Middle Eastern market. The move introduces a legacy of curated living to a fresh audience of discerning homeowners, bridging the worlds of Manhattan culture and Gulf luxury.
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