Ras Al Khaimah is attracting a massive surge of UHNWI says Luxe Developers

Ras Al Khaimah is attracting a massive surge of UHNWI says Luxe Developers

With prices starting from $708,446 (AED2.6 million) for a one-bedroom and increasing to $5.7 million (AED21 million) for a Penthouse property, the development has witnessed a surge in interest from UHNWI looking at long-term returns following increases in the UAE’s luxury real estate market, which saw prices in Dubai rise by 48.8% in the first half of 2023, according to the Knight Frank Prime Global Cities Index.

The Luxe Developers, a UAE-based real estate development firm, has underscored the rising demand for luxury property in Ras Al Khaimah as sales for the company’s premier residential development, Oceano on Al Marjan Island, continue to attract ultra-high-net-worth individuals (UHNWI) seeking investment opportunities beyond Dubai.

Shubam Aggarwal, Chairman and Co-owner of The Luxe Developers, said, “Thanks to Oceano’s unique design, a true architectural marvel and icon of Al Marjan Island, the project competes and often exceeds anything else on the market in the UAE. As a result, we have seen several investors choosing our luxury properties over similar properties in Dubai because of the world-class amenities and the potential long-term returns forecast in this maturing luxury real estate market.”

Oceano, due for completion in Q3 2026, will feature a resort-style infinity pool connecting the twin tower