INTERVIEW:Luxe Developers set to name contractor for $408mln RAK luxury residential project in Q3

INTERVIEW:Luxe Developers set to name contractor for $408mln RAK luxury residential project in Q3

Dubai-based The Luxe Developers will appoint themain contractor for their 1.5 billion UAE dirhams ($408.39 million) The Oceano residential project on Al Marjan Island in Ras Al Khaimah, in the third quarter of this year, Managing Director and Co-owner Siddharta Banerji told Zawya Projects.

Enabling works has already started on-site, he said, adding that the 18-storey project is expected to be handed over in the third quarter of 2026.

Although the current focus is bolstering its presence in the UAE market, Shubam Aggarwal, Chairman and co-owner disclosed that the company wasassessing opportunities in Saudi Arabia.