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DURAR OCTA And Emirates Islamic Announce Strategic Partnership For New Luxury Project In Ras Al Khaimah
(1 July 2025)

 

DURAR OCTA and Emirates Islamic, one of the leading Islamic financial institutions in the UAE and have announced a partnership to facilitate financial management for the development of Trio Isle Interiors by Missoni, a luxury waterfront residential project on Al Marjan Island, Ras Al Khaimah.

As part of this collaboration, Emirates Islamic will provide escrow account services, ensuring secure and transparent financial transactions throughout the project's lifecycle. This includes overseeing the regulation of cash flows and ensuring their allocation according to the approved timeline and construction schedule. This step also confirms the importance of adopting advanced and regulated financial systems within the luxury real estate market in Ras Al Khaimah, especially in projects targeting elite segments and international buyers.

Following the success of Moonstone Interiors by Missoni, launched last year in Ras AI Khaimah (RAK) by DURAR Group Development, and the commencement of construction works, Missoni and DURAR OCTA now present their latest project — Trio Isle Interiors by Missoni.

This partnership falls within the commitment of both parties to provide a secure and transparent investment environment underscoring the importance of regulated financial practices in Ras Al Khaimah's growing real estate sector, particularly in high-end developments. Supported by Emirates Islamic's advanced digital banking solutions, the escrow management services will enhance investor confidence and streamline project financing, reinforcing Ras Al Khaimah's position as an emerging luxury real estate hub.

Trio Isle Interiors by Missoni combines sophisticated design concepts with a luxurious community character, offering an integrated concept of modern waterfront living, and elevating the standards of luxury housing in Ras Al Khaimah to new horizons. It will also offer exclusive Missoni-designed residential units, which include spacious one-, two-, and three-bedroom apartments all infused with the brand's signature design flair.

Alberto Caliri, Creative Director at Missoni, emphasised the project's significance: "We are thrilled to continue this journey with DURAR OCTA. Trio Isle Interiors by Missoni builds upon the remarkable success of Moonstone, offering a refined extension of the Missoni-branded residential experience – where iconic design meets exclusive waterfront luxury."

Mohammed Miqdadi, CEO of DURAR Group, highlighted the emirate's continued rise: "Al Marjan Island is a remarkable canvas for waterfront living, and this project enhances its status as the new epicentre of luxury real estate. Trio Isle Interiors by Missoni is designed to capture the essence of blissful waterfront living. As a branded residential development with a full range of resort-style features and facilities, residents will truly enjoy the lifestyle at Trio Isle.

With Moonstone Interiors by Missoni, we set the benchmark for luxury-branded residences in Ras Al Khaimah. Now, we take that success even further, introducing an elevated concept that embodies waterfront bliss while reinforcing Ras Al Khaimah's rise as a global luxury destination."

Fawaz Sous, CEO of OCTA Development, reinforced the project's significance: "Following the remarkable success of Moonstone Interiors by Missoni, Trio Isle Interiors by Missoni strengthens the trust global brands place in OCTA Development to deliver exceptional, visionary projects. This development builds upon our proven expertise, bringing a bold new dimension to Al Marjan Island's waterfront experience."

Sous continued: "What distinguishes "Trio Isle" is the harmony between luxurious Italian design, a prime waterfront location, and a development vision that we are keen to implement with precision and efficiency. We do not merely offer residential units but rather create an integrated lifestyle that reflects the spirit of modernity and keeps pace with the aspirations of global investors for upscale and sustainable communities.

Vivek Shah, Head of Corporate Banking, Emirates Islamic, said: "Emirates Islamic is proud to announce our new partnership with DURAR OCTA to provide escrow account services for the upcoming Trio Isle Interiors by Missoni development, a project that will enhance investor confidence and expand the real estate market in Ras Al Khaimah. Emirates Islamic will continue in its path of collaboration to deliver innovative products and enhance customer experience, aligning with our vision to be the most innovative Shariah-compliant bank for our customers, people, and communities."

He added, "By facilitating secure and transparent Escrow account management, and ensuring funds are allocated according to construction milestones, this partnership will help enhance investor confidence and promote efficiency across diverse projects and transactions. With real estate in Ras Al Khaimah experiencing significant growth, Emirates Islamic will support the delivery of secure and regulated practices within a robust financial framework. This will help the investment environment to continue to grow and mature while attracting both regional and international buyers — essential attributes that will maintain and expand interest in real estate in Ras Al Khaimah."

Trio Isle Interiors by Missoni is being developed by DURAR OCTA and is expected to be completed by the first quarter of 2028.



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