Al Marjan Island’s two most expensive residences sold for over Dh180 million
Record-breaking sale underlines high demand for ultra-luxury homes in Ras Al Khaimah
DUBAI: The Luxe Developers, a premier UAE-based real estate firm, has recently announced a record-breaking sale on Al Marjan Island, with the sale of two ultra-luxurious residences, The Celest and The Stellar, each valued at an impressive Dh90 million.
Part of the high-profile Oceano project, which boasts a development value of Dh1.5 billion, these two properties are set to complete in 2026, marking a milestone in Ras Al Khaimah’s real estate landscape.
Luxury properties
The sale underscores an intense demand for high-end residences in the region, as Ras Al Khaimah continues to attract ultra-high-net-worth individuals (UHNWIs) from across the globe.
Arch. Abdulla Al Abdouli, CEO of Marjan, the master developer behind Al Marjan Island, emphasised this trend, stating: “The sale of these two luxurious high-end properties underscores Al Marjan Island’s growing appeal as a sophisticated destination offering an exclusive lifestyle on par with global benchmarks.”
“We have been the cynosure of international high-net-worth individuals seeking to set up home in one of the most dynamic and picturesque neighbourhoods in the region, with top class amenities and incredible facilities. This is a major marker in our growth as a preferred investment hub while reflecting the significant growth opportunities for the real estate sector in the area,” he added.
What do the villas offer?
The Celest and The Stellar are currently Ras Al Khaimah's most expensive residences, offering an unparalleled living experience with impressive interior spaces and breathtaking views.
Each villa spans over 21,000 square feet, featuring bespoke, lavish interiors crafted by the renowned Hirsch Bedner Associates.
The seven-bedroom Celest and six-bedroom Stellar each boast private amenities such as a spa, sauna, hammam, gym, and home theatre, as well as a vast terrace and infinity pool designed for seamless outdoor living.
For privacy-conscious UHNWIs, these sky villas also feature exclusive access elements, including private elevators and secluded beach access. Cutting-edge smart technology allows residents to control lighting, temperature, and more with ease, ensuring the ultimate luxury lifestyle.
Located on Al Marjan Island, these residences provide panoramic views of the Arabian Gulf and are situated near major attractions like the Wynn integrated resort. The location and design features are tailored for clients seeking an ultra-luxury lifestyle in a scenic, secure environment.
The Luxe Developers, helmed by Shubam Aggarwal and Siddharta Banerji, attributed the quick sale to meticulous market research and a commitment to top-quality craftsmanship. Aggarwal highlighted, “Our strategic decision to launch these properties was in response to our research, which indicated there was solid demand for ultra-luxurious properties in RAK.”
Banerji praised the sales team, noting, “Their expertise in showcasing the finest materials and bespoke finishes throughout the development was instrumental in closing the deal.”
Ras Al Khaimah’s real estate
This high-value sale not only cements Al Marjan Island’s reputation as a destination for high-end living but also signals growth opportunities within Ras Al Khaimah’s real estate market. Marjan’s dedication to developing freehold property has made it a hub for investment, drawing both local and international investors eager to partake in the emirate’s transformation into a leading luxury tourism and lifestyle destination.