Groundbreaking for US$272mn luxury residences in UAE

Render of the exterior of Manta Bay residences on Al Marjan Island in the United Arab Emirates (Image courtesy Major Developers)

Stakeholders attending the event included the master developer of freehold properties in Ras Al Khaimah, Dubai-based firm Federal Engineering Consultants and Abu Dhabi-based construction company Civil Power General Contracting (CPC), which is serving as the enabling contractor for the project.

“Our role as the engineering consultancy for Manta Bay is to ensure that this development stands out in terms of quality and innovation,” said Dr Walid Lutfy, founder of Federal Engineering Consultants.

Manta Bay will feature studio up to two-bedroom units on Ras Al-Khaimah’s Al Marjan Island. The highlight of the 10-storey, nearly 200-ft (61m) residence is a rooftop beach, which developers said will be the highest rooftop beach in the world.

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The luxury build is being developed by Marjan – the master developer for freehold property in Ras Al-Khaimah – and Major Developers, a UAE-based real estate company.

Major Developers noted real estate in Ras Al-Khaimah saw a 15% rise in transactions and value through the first half of 2024.

Render of the “highest beach in the world” at Manta Bay in UAE. (Image courtesy Major Developers)

“Launching Manta Bay in Ras Al-Khaimah is a strategic move that aligns with our ambition to lead in the luxury real estate sector,” said Andrei Charapenak, CEO of Major Developers. “This project embodies our commitment to creating world-class living experiences in a market that holds tremendous potential.”

The project is expected to finish in quarter four of 2026.

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