The Mondrian Al Marjan Island Beach Residences, developed by ELEVATE in partnership with Ennismore, has recorded a landmark AED 73mn single transaction as the project Hits 75% sold.
The deal marks a significant milestone for the development and highlights continued demand for quality branded residences on Al Marjan Island. The deal was completed last month with a buyer from North America, reflecting the destination’s growing international appeal.
The transaction covered four homes: a 5-bedroom penthouse, a 4-bedroom penthouse, a 3-bedroom townhouse and a 3-bedroom residence. The project is now 75% sold.
Progress on site is keeping pace with sales, with shoring works 100% complete and piling works 80% complete. In August 2026 alone, the project recorded more than AED 100mn in closed sales.
Commitment
“Our uncompromising commitment is to building something genuinely exceptional in a market that can tell the difference, commented Zeeshaan Shah, Founder & Chairman, ELEVATE.
Against this backdrop of increasingly scarce beachfront land, and seeing a steady increase in buyer demand, ELEVATE has brought to market unreleased front-row two-bedroom residences as a special product offer.
The latest milestone adds to the momentum around the destination, as international buyers seek branded luxury residences in one of the UAE’s fastest-evolving coastal markets, a press note concluded.
