New Delhi, Dec. 17 -- KARL LAGERFELD and AARK Developers have signed a partnership to develop KARL LAGERFELD Residences, a beachfront residential project in Ras Al Khaimah (RAK), located on Al Marjan Island. The signing ceremony took place on December 10th in Paris at the KARL LAGERFELD HQ, in Karl Lagerfeld's office, in the presence of Pier Paolo Righi CEO of KARL LAGERFELD and Rahul Kumar Gupta, Chairman of AARK Developers.

Valued at approximately USD 1.4 billion, this large-scale waterfront development is positioned to contribute to beachfront living in the UAE and is scheduled for completion in 2028, delivering a collection of 663 sea view residences. The residences range from one to four bedrooms, with select residences offering pri...