Luxury

Ardee Developments: Fairmont Residences at Al Marjan Island

Ardee Developments is a Ras Al Khaimah-focused developer that went public in April 2025 with a single master plan, Ardee Al Marjan Island — 5.2 million square feet split into two precincts, Ardee Downtown and Ardee Waterfront. Its only project on sale is Fairmont Residences Al Marjan Island: 523 branded homes and a 250-key Fairmont hotel, an AED 2 billion investment, handover stated for Q4 2028.

Last verified: 7 September 2026

Active in Al Marjan IslandRas Al Khaimah

Ardee Developments is the developer of Fairmont Residences Al Marjan Island and of the wider Ardee Al Marjan Island master plan in Ras Al Khaimah. The company went public on 17–18 April 2025, describing itself as "a destination developer creating premium integrated communities that place human experience at the heart of every development". It publishes no founding year, no legal entity name and no parent group; the two officers named in dated primary material are Romeo Abdo, founder, and Vishal Mehta, chief executive.

The master plan covers 5.2 million square feet in two precincts, Ardee Downtown and Ardee Waterfront. Its first phase is Fairmont Residences Al Marjan Island — 519 branded residences and townhouses plus 4 signature sea villas, 523 homes in all, beside a 250-key Fairmont Al Marjan Island Hotel, an AED 2 billion investment by the developer's own figure. Accor announced the Fairmont agreement on 6 May 2025; it was signed on 28 April 2025 by Omer Acar for Fairmont Hotels & Resorts and Romeo Abdo for Ardee. Architecture is by Pelli Clarke & Partners, with Mirage as development consultant.

Nothing has been handed over. Sales opened on 1 June 2025 from AED 2.49 million, ground was broken on the plot and piling works were reported complete in the first months of 2026, against a handover stated for Q4 2028.

Al Marjan Island is a waterfront destination in Ras Al Khaimah developed by Marjan, and the arrival of the Wynn Al Marjan Island resort has reshaped what gets built there — see our RAK real estate and Wynn casino guide for that context.

Fairmont Residences Al Marjan Island is the project currently featured by GRAF. Residence types, payment milestones, availability and delivery timing should be confirmed against the latest dated developer material.

Fairmont Residences and a 250-key Fairmont hotel on Al Marjan Island

Al marjan islandRas al khaimahBranded residencesWaterfront

Who owns Ardee Developments?

Legal ownership of Ardee Developments is not publicly confirmed. No parent group, holding company, shareholder register, audited account or exchange listing was found for the company as at 7 September 2026. Two officers are named in dated primary material: Romeo Abdo, described as founder of Ardee Developments in Accor's own press release announcing the Fairmont agreement (6 May 2025) and in trade coverage of the company's launch (18 April 2025), and Vishal Mehta, quoted as chief executive in the same launch coverage. A founder title in a press release is not a filed shareholding, and we do not present it as one. The company's own site describes Ardee as "a destination developer creating premium integrated communities" and states no corporate parent.

The company should not be confused with The Ardee Group of Delhi, India, an unrelated real estate firm founded in 1971. No documented connection exists between the two.

Source: Accor — Fairmont Hotels & Resorts and Ardee Developments sign agreement for Al Marjan Island, 6 May 2025 · Middle East Construction News — Ardee Developments unveils Ardee Al Marjan Island, 18 April 2025 · Ardee Developments — official site

Track record

Buildings that made the name

01 Company launch and master plan unveiling Ardee Developments went public on 17–18 April 2025 with Ardee Al Marjan Island, a 5.2 million sq ft master plan on Al Marjan Island in Ras Al Khaimah, divided into two precincts — Ardee Downtown and Ardee Waterfront. Announced 2025
02 Fairmont branding agreement The agreement bringing the Fairmont brand to the project was signed on 28 April 2025 and announced by Accor on 6 May 2025, by Omer Acar, chief executive of Fairmont Hotels & Resorts, and Romeo Abdo, founder of Ardee. Signed 2025
03 Fairmont Residences sales launch Expressions of interest opened on 15 May 2025 and official sales on 1 June 2025, from AED 2.49 million. The project holds 519 branded residences and townhouses plus 4 signature sea villas — 523 homes in all — beside a 250-key Fairmont hotel. Launched 2025
04 Groundbreaking on Al Marjan Island Ground was broken on the Fairmont Residences plot and piling works were reported complete in the first months of 2026. Handover is stated for Q4 2028. Under construction 2026

Ardee track record

Projects delivered

None

The company launched in April 2025; its first stated handover is Q4 2028

Projects under construction

One

Fairmont Residences Al Marjan Island — 523 homes plus a 250-key Fairmont hotel

Master plan

5.2M sq ft

Ardee Al Marjan Island, in two precincts — Ardee Downtown and Ardee Waterfront. The company's LinkedIn page gives 5.6M sq ft; both are the company's own figures and are not reconciled

Investment stated

AED 2bn

Ardee's own site, for the Fairmont Residences and Fairmont hotel together

Ardee Developments launched publicly on 17–18 April 2025 and its stated first handover is Q4 2028, so the figures below are construction and sales milestones, not a delivery count.Nothing has been handed over. Figures are the developer's own unless a second source is named.

What Ardee is known for

Homes under construction

523 across one beachfront plot on Al Marjan Island

Hotel alongside them

250-key Fairmont Al Marjan Island Hotel on the same plot

Investment stated by the developer

AED 2bn for residences and hotel together

Master plan under its control

5.2M sq ft, two precincts — Ardee Downtown and Ardee Waterfront

Operator behind the brand

Accor, through Fairmont Hotels & Resorts — agreement signed 28 April 2025

Architect

Pelli Clarke & Partners, with Mirage as development consultant

Every figure is the developer's own except the Fairmont agreement, which is taken from Accor's own announcement of 6 May 2025.The project is tracked here at the construction stage, ahead of its first handover in Q4 2028.

We founded Ardee Developments with a vision to craft spaces that go beyond luxury, communities that offer comfort, elegance, and genuine connection.

Romeo Abdo Founder, Ardee Developments Middle East Construction News, 18 April 2025

Where Ardee builds

Al Marjan Island, Ras Al Khaimah Apartments Townhouses

Current projects via GRAF

Fairmont Residences Al Marjan Island

Al Marjan Island, Ras Al Khaimah

From AED 2.46M

View project →

How Ardee differs from other Dubai developers

Ardee is building one thing in one place: a single 5.2 million sq ft master plan on Al Marjan Island, whose first phase pairs 523 branded homes with a 250-key Fairmont hotel on the same beachfront plot, under an agreement signed directly with Accor.

The brand comes with an operator, not just a name: Accor signed the Fairmont agreement on 28 April 2025 and announced it under its own masthead on 6 May 2025 — the hotel and the residences share one plot and one operator.
Residences and hotel are being built together: 523 homes and a 250-key Fairmont hotel form a single AED 2 billion investment on the same beachfront site, rather than a residential tower placed next to someone else's resort.
The whole effort concentrates on one master plan: Ardee Al Marjan Island is 5.2 million sq ft in two precincts, Ardee Downtown and Ardee Waterfront, all in Ras Al Khaimah — there is no second emirate to split attention.
The architect is named and international: Pelli Clarke & Partners is named as architect on Ardee's own About Us page, with the consultancy Mirage on development management.
The home mix runs wider than a tower: 519 branded residences and townhouses plus 4 signature sea villas, from one bedroom upward, rather than a single apartment product.

Why GRAF recommends Ardee

Ardee suits a buyer choosing Fairmont Residences on Al Marjan Island off plan, who wants a branded home with a named hotel operator on the same plot and is comfortable buying from a developer with no completed building behind it yet.

What the record shows

The branding agreement is primary-sourcedAccor published the Fairmont agreement itself on 6 May 2025, naming both signatories and the 28 April 2025 signing date — this is not a licensing claim made only by the seller.
Construction has physically startedGround was broken on the Fairmont Residences plot and piling works were reported complete in the first months of 2026, against a stated Q4 2028 handover.
There is a live resale market to price against121 Fairmont Residences listings were on Property Finder on 7 September 2026, from AED 1.9M to AED 18.7M — enough depth to sanity-check any price you are quoted.

GRAF editorial team

Ardee — frequently asked questions

Who owns Ardee Developments?

Legal ownership is not publicly confirmed. No parent group, shareholder register or holding company is named anywhere. Romeo Abdo is named as founder in Accor's own Fairmont announcement of 6 May 2025 and in launch coverage of 18 April 2025; Vishal Mehta is quoted as chief executive in the same launch coverage. See the ownership answer above.

Source: Ardee Developments — official site

When was Ardee Developments founded and where is it based?

The company does not publish a founding year and none was found in any source. It went public as a developer on 17–18 April 2025 with the Ardee Al Marjan Island master plan. Its LinkedIn page gives Dubai, UAE as its base and a company size of 51 to 200 employees; no street address is published on its own site.

Source: Ardee Developments — LinkedIn

Has Ardee Developments delivered anything?

No. As at September 2026 no Ardee project has been handed over. The company launched in April 2025 and its first stated handover, for Fairmont Residences Al Marjan Island, is Q4 2028.

Source: Ardee Developments — official site

What is Fairmont Residences Al Marjan Island?

It is Ardee's only project on sale: 523 branded homes — 519 residences and townhouses plus 4 signature sea villas — alongside a 250-key Fairmont Al Marjan Island Hotel on the same beachfront plot, an AED 2 billion investment. Sales opened on 1 June 2025 from AED 2.49 million and handover is stated for Q4 2028.

Source: Ardee Developments — official site

Is Fairmont the developer of these residences?

No. Fairmont is the brand and hotel operator, part of Accor; Ardee Developments is the developer and owner of the scheme. Accor announced the branding agreement on 6 May 2025, signed on 28 April 2025 by Omer Acar for Fairmont Hotels & Resorts and Romeo Abdo for Ardee.

Source: Accor — press releases

What is Ardee Al Marjan Island?

It is Ardee's master plan on the island: 5.2 million square feet in two precincts — Ardee Downtown and Ardee Waterfront — of which Fairmont Residences is the first phase. The company's own site gives 5.2 million sq ft and its LinkedIn page 5.6 million sq ft; both figures are the company's own and we print both.

Source: Ardee Developments — official site

Does Ardee build in Dubai?

Not so far. Every announced Ardee project sits inside the Ardee Al Marjan Island master plan in Ras Al Khaimah. The company is based in Dubai but has announced no Dubai development.

Source: Ardee Developments — official site

Guides that cover this developer

Location Guide 10 min read

Ras Al Khaimah Real Estate 2026: Why Al Marjan Island Is the UAE's Fastest-Growing Market

The Wynn casino resort, an island whose land is already sold out, and a market telling two opposite stories at once. What is actually contracted on Al Marjan — and what we would buy.

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Developers 11 min read

Top Dubai Real Estate Developers in 2026: A Complete Guide

Emaar, Meraas, Aldar, Sobha and Dubai South Properties — the five developers with the most projects GRAF sells, what each one actually does differently, and the real prices and handover dates behind them.

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Investment Guide 12 min read

Dubai Off-Plan Investment Guide 2026: Areas, Payment Plans & ROI

The five decisions that actually determine what an off-plan purchase in Dubai returns — payment structure, who funds the amenity, the handover date, district supply and the exit — each shown against a real project.

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Official sources

Ardee Developments — official site Ardee Developments — LinkedIn Ardee Developments — Instagram Ardee Developments — Facebook

About this profile

Maintained by the GRAF editorial team from public sources and our own project data. Updated 7 September 2026. Contact us