According to Tissoli, the project will include studios, one-bed and two-bed apartments, including duplex corner units with sweeping coastline views, with studio units starting at about AED 1.1 million. The design, by Pininfarina, draws inspiration from the dunes, mangroves and the Hajar Mountains, reflecting an integrated design philosophy that merges Italian luxury heritage with Gulf-coastal living.
Industry analysts view this development as part of a broader uptick in Ras Al Khaimah’s real-estate market. The first half of 2025 saw the ValuStrat Price Index for the emirate rise 13.8 per cent year-on-year, with apartment values on Al Marjan Island increasing around 12.2 per cent annually. Branded residences are now expected to account for a quarter or more of future supply in the region.
The master developer for Al Marjan Island, Marjan, said the project underlines the island’s evolution: “Palazzo Tissoli marks a significant milestone… we are reinforcing Ras Al Khaimah’s position as a world-class destination for investment, tourism and quality living,” commented CEO Abdulla Al Abdouli.
For Tissoli, this marks the opening of a broader branded-residential vision. The COO, Pooja Rathore, described the project as “our answer to the question: what happens when you give Italian design masters a canvas on the Arabian Gulf?” stressing that “every amenity, every blueprint design, every material tells a story.”
The emergence of branded residences in the emirate is underpinned by significant market dynamics. On Al Marjan Island, branded projects earlier in 2025 started around AED 2,500 per square foot, while ultra-prime properties ranged between AED 3,000 and AED 4,000 per square foot—still well below major global luxury cities. Analysts point to strong investor appeal given the relatively affordable entry point, robust design credentials and improving infrastructural momentum.
Beyond one project, the broader property market in Ras Al Khaimah is seeing increased activity. Mortgage volumes grew 22 per cent through the first seven months of 2025; the residential sector registered off-plan sales exceeding AED 2.4 billion in Q1 alone. Key to this momentum is infrastructure and mega-projects such as the Wynn Al Marjan Island integrated resort—with casino, entertainment and hospitality components—targeted for 2027.
The trend suggests that branded residences—designed in collaboration with globally recognised luxury houses—are gaining a foothold in Ras Al Khaimah’s luxury real-estate market. These developments offer hotel-style amenities, high-design interiors and elevated lifestyle services, aligning with investor and high-net-worth individual preferences.
However, analysts caution that such projects must deliver on design, construction quality, service, and brand-integration to maintain their premium positioning. While price per square foot remains attractive compared to Dubai and global markets, the pool of late-delivery risk, oversupply in certain segments and macro-economic headwinds persists across the region. The Emirate’s rental yields—while improving—still average around 5.6 per cent in key sectors, less than some of the more mature Gulf-city markets.
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