Wed, Nov 22, 2023

Real Estate & Property
Missoni-branded residences in RAK

Bespoke living spaces inspired by the design aesthetics of Missoni, a luxury Italian fashion brand, will come up in Ras Al Kahimah's Al Marjan Island.

The first Missoni-branded residences will be developed by Durar in collaboration with Fortune 5, a UAE company specialised in real estate investments, developments and sales.

The iconic Italian brand, known for its eye-catching decorative vision that combines bold colours and graphics with unusual shapes, will offer a harmonious blend of refined living within the pristine waterfront setting on Al Marjan Island, the developer stated.

On the new Missoni-branded homes, Marjan CEO Abdulla Al Abdouli said: "It underlines the strong appeal of our flagship development’s premium lifestyle location and is a rewarding investment opportunity for aspiring homeowners and investors."

"We are delighted to welcome Durar and Fortune 5 to create exceptional living experiences for families and visitors and further strengthen Ras Al Khaimah’s appeal as an unparalleled global investment and tourism destination," he stated.

This waterfront property, which will have interiors fitted out in its iconic psychedelic pattern by luxury Italian fashion house Missoni, is set for completion by the end of 2026.

Missoni CEO Livio Proli said: "We’re delighted to be working with Durar and Fortune 5 on this new interior design project in Ras Al Khaimah. The Ras Al Khaimah real estate sector continues to grow and we’re relishing being a part of a development that has so much to offer."

The entry of the Missoni-branded residences marks a key milestone in Al Marjan Island’s evolution as a high-end residential and leisure destination par excellence. The exclusive sales and marketing for the Missoni-branded residences on Al Marjan Island will be handled by OCTA Develop, a premier development management firm.

Durar Group Chairman Ibrahim Al Habib said: "We are excited to develop the second of our branded properties on Al Marjan Island and bring to fruition the iconic design elegance of the Missoni brand for our esteemed clientele in the region. RAK continues to drive strong demand in the UAE real estate market and the arrival of the luxurious Missoni-branded residences will further attract more investors and residents looking to enrich their lifestyles on the premium waterfront destination of Al Marjan Island."

Fortune 5 CEO Prem Mohandas Gopalani said: "Our unwavering commitment to excellence is key to our success today and we are proud to be associated with an iconic brand like Missoni for our new design-inspired real estate project on Al Marjan Island."

"The Missoni-branded residences mark our debut in the Emirate of Ras Al Khaimah, and we look forward to developing more properties in one of the fastest- growing investment and tourism destinations in the region," he added.

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