With a vision to bring Manhattan’s creative legacy to the Middle East, Clédor, a real estate development management company, has officially signed a partnership agreement with Arthouse Hotel, NYC.
This comes to Al Marjan Islands in Ras Al Khaimah, Al Marjan Arthouse, valued at AED400 million, and will be the brand’s first residences outside of the USA.
With a project development pipeline valued at over AED2.1 billion, the branded residences are part of Clédor’s vision to deliver high-yield, design-forward communities that offer 150 %+ investor returns and average unit prices exceeding AED14 million.
The signing ceremony took place at the Amelia Lounge in Downtown Dubai, in the presence of Omar Gull, Founder & Chairman of Clédor, Karim El Aqabi, from Arthouse, and Arch. Abdulla Al Abdouli, CEO, Marjan and Islam El Dafrawy, Co-founder, Prospect.
Omar Gull, Founder & Chairman of Clédor, shared, “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.”
Gull added, “We are truly grateful to Arthouse NYC, 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.”
Karim El Aqabi, spokesperson of Arthouse, “I am excited to announce this new chapter for Arthouse, and we are honoured to partner with Clédor, who has a deep understanding of the UAE market and clientele.”
“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,” he added.
Arch. Abdulla Al Abdouli, CEO, Marjan, further commented, “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.”
He then shared, “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.”
Lastly, Islam El DafrClédor Signs Landmark Agreement to Bring the first Arthouse Hotel NYC Branded Residences to the UAE, valued at AED 400 Millionawy, Co-founder, Prospect, said, “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.”
