Al Marjan Island, Ras Al Khaimah · The Luxe Developers
A residential building in Al Marjan Island, Ras Al Khaimah, currently under construction. Developer — The Luxe Developers.
Specifications for Oceano as published by the developer — the project is under construction, so there is no Land Department record yet. They describe the whole building, not the individual unit.
Oceano is a residential building in Al Marjan Island, Ras Al Khaimah.
The developer is The Luxe Developers.
The database currently holds 3 lots in this project, from 2 380 000 AED.
A tower by The Luxe Developers on Al Marjan Island in Ras Al Khaimah — the same island where the Wynn casino resort is being built.
Al Marjan Island is a reclaimed archipelago in Ras Al Khaimah and the emirate's main construction site: Wynn Al Marjan Island, the first gaming-licensed resort in the UAE, is being built here. Its opening is announced for 2027, and the whole island's development is treated as a bet on that project.
Oceano sits on the same island. In broker training materials it was listed as a project by The Luxe Developers on Marjan, and an aerial shot of the island with the tower was the only image in the set.
Ras Al Khaimah is a different market from Dubai's: rental rates are lower, seasonality is more pronounced, resale liquidity is worse. In exchange, the entry price is noticeably lower, and the casino story gives the kind of infrastructure driver other emirates don't have.
There's one practical question for any project on Marjan: what happens to rental rates once Wynn opens, and how much new supply arrives on the same timeline. Nobody has an answer to that today — and that is the main risk.
Oceano combines apartments, penthouses and Sky villas with private beach access; shared facilities include a gym, spa and a sea-view pool. In summer 2024 entry started at about AED 5.1 million (around $1.4 million).
In May 2024 the developer added two standalone villas, The Celeste and Stellar, priced from $49 million (about AED 180 million). Each is at least 1,950 m² with six or seven bedrooms and several living rooms, plus a terrace of around 4,500 m² with a landscaped pool — at launch the most expensive villas in Ras Al Khaimah.
Project, developer and location come from broker training materials on Al Marjan Island, February 2025. Wynn Al Marjan Island's status is from public statements about the project. Product mix, amenities, pricing and The Celeste and Stellar villas — sales announcements and news, October 2023 – June 2024.
The final payment on this building falls in 2026 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.
Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.
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The database currently holds 3 lots in this project, from 2 380 000 AED. The list changes daily — I will send a fresh selection for the building on request.
What has been written about the building, its developer and Al Marjan Island, Ras Al Khaimah
Wynn Al Marjan Island has unveiled its two largest suites, the Mayfair Apartment and the Paris Apartment, each about 1 460 sq m with seven bedrooms on the top floors of its 70-storey tower. They are hotel suites, not homes for sale. What they signal for Al Marjan property.
Wynn Al Marjan Island now opens in September 2027 instead of Q1, and the budget is up $600m to about $5.7bn. Licence granted by the GCGRA in October 2024, $2.4bn construction loan closed in February 2025. What the delay means for Al Marjan investors.
Ras Al Khaimah is building its own vertiport by Al Marjan Island, Uber and WeRide are already carrying driverless passengers in Jumeirah, and Abu Dhabi has signed on for electric Seaglider service. Status as of September 2026 on all three.
Ardee has poured foundations for its AED 2bn Fairmont Residences, while Richmind's Oystra — with a curved steel truss designed by Zaha Hadid Architects — sold out its first phase and launched a second. Here is what is actually under construction on the island next to the Wynn resort.
Wynn Al Marjan opens in September 2027, and branded homes around it deliver in the same window: W Residences from AED 1m, Jacob & Co Residences (223 units, AED 300m sold in 12 hours), 141 Sheraton residences and Park Beach Residences 2. Where the risk sits.
I will send the available layouts, the real entry price and what owners and tenants actually say about the building — without the brochure language.
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