The Residence by Sheraton is located on Al Marjan Island, Ras Al Khaimah, UAE. This premium mixed-use branded development combines 141 residential units with a 318-key hotel, offering diverse layouts, luxury amenities, and integrated hospitality services under a globally recognized brand.
Strata Global developed a comprehensive, investor-grade financial model for The Residence by Sheraton. This included a Theoretical Service Charge Budget (TSCB) aligned with RAK RERA frameworks, detailed cost segmentation across shared and exclusive allocations, benchmarking against comparable UAE branded residences, and iterative stakeholder alignment to integrate operator requirements, regulatory compliance, and commercial positioning. Deliverables were Excel-based with clearly defined assumptions and cost drivers.
The outcome is a transparent, regulator-compliant service charge model that improved investor confidence, ensured fair cost allocation, supported competitive pricing, and strengthened long-term financial sustainability for The Residence by Sheraton.
Speak with our specialists to discuss community management, governance frameworks, and operational strategies that protect asset value and ensure long-term compliance and performance.
