The newly launched developer’s mixed-use district in Ras Al Khaimah adds to its Fairmont-branded waterfront project, with phased delivery scheduled from 2030.
November 12, 2026 | Tripti Mehta | UAE | Developer | 3 Min Read
Image Courtesy: Ardee
Ardee, a developer founded in 2023, has launched its brand with the reveal of Ardee Downtown, a mixed-use district on Al Marjan Island in Ras Al Khaimah. The project is the flagship of a portfolio with a gross development value of more than AED 15 billion.
The portfolio spans 5.2 million sq ft of gross floor area and 9 million sq ft of total built-up area across two developments on Al Marjan Island, Ardee Downtown and Ardee Waterfront. At full build-out, the two are planned to deliver more than 4,000 residences.
Ardee was founded by Chairman Romeo Abdo. Its partners include Fairmont, part of Accor; Pelli Clarke & Partners; DP Architects; Turner International Middle East (TiME); Mirage; and Marjan, the master developer of Al Marjan Island.
Ardee Downtown will span 3.5 million sq ft of gross floor area, combining residential, commercial, hospitality, retail and leisure uses. Homes will include apartments, branded residences and townhouses.
The district will have more than 600,000 sq ft of retail and dining space, anchored by a lifestyle mall and dining pavilions, along a 600-metre waterfront promenade. Four landscaped community parks will connect it to the wider Al Marjan Island community.
Ardee also unveiled Ardee Views, a pair of residential towers with 652 units that forms the gateway to Ardee Downtown and links it to Ardee Waterfront. Facilities include a restaurant and club lounge, a 40-metre pool, a gym, community retail, a residents’ lounge, and valet and concierge services.
Ardee Downtown is scheduled for phased delivery from 2030. Ardee will oversee the full development lifecycle, from product design and delivery through to long-term community management.
The launch follows Fairmont Residences and Hotel Fairmont Al Marjan Island, which Ardee introduced last year as the first phase of Ardee Waterfront. The AED 2 billion development, designed by Pelli Clarke & Partners, covers 1.7 million sq ft of gross floor area along 350 metres of beachfront. It will include a 224-key Fairmont hotel and 516 Fairmont branded residences, ranging from apartments and townhouses to seafront villas.
“Al Marjan Island is an iconic destination where the developers are now shaping its character. Ardee’s commitment is a significant one, and the Downtown makes the whole destination stronger. Our role as master developer is to make early commitments and put the foundations in place, so partners can build here with confidence,” said Abdullah Al Abdouli, Group CEO of Marjan.
“Our ambition is to contribute to Ras Al Khaimah’s next phase of growth with a mixed-use destination that brings investment, community, and everyday experiences together, and where people aspire to live, connect and belong together,” said Natalie Bogdanova, Managing Director and Executive Board Member of Ardee.
Source: Ardee official communication
