The Luxe Developers, a prominent UAE-based real estate development firm, has achieved a significant milestone with the sale of two of the most luxurious residences on Al Marjan Island: The Celest and The Stellar. These high-end properties, which are part of the Oceano development in Ras Al Khaimah, have been sold for a combined total price of AED180 million. This notable transaction reflects the growing demand for luxury real estate in the region and highlights Al Marjan Island as a sought-after destination for affluent buyers. The qualities and features of The Celest and The Stellar contribute to their premium pricing, further establishing Luxe Developers’ reputation in the luxury market.
The sale of two sky villas in Ras Al Khaimah for Dh90 million each highlights a rising trend in demand for ultra-luxurious properties, driven by an influx of both local and overseas ultra-high net worth individuals (UHNWIs) relocating to the area. Arch.Abdulla Al Abdouli, CEO of Marjan, the master developer behind Ras Al Khaimah’s freehold properties, emphasized that this transaction illustrates Al Marjan Island’s emerging reputation as a sophisticated destination. He noted that it offers an exclusive lifestyle that meets global standards, attracting international buyers looking for residential opportunities in a dynamic and scenic environment. The area boasts top-class amenities and facilities, positioning it as a favored investment hub and indicating significant growth potential for the local real estate market.
The Celest and The Stellar stand out as the most luxurious residences in Ras Al Khaimah, boasting a unique living experience marked by their expansive and sophisticated designs. According to a statement, these properties surpass anything currently offered in the emirate’s real estate market.
Shubam Aggarwal, chairman and co-owner of The Luxe Developers, emphasized the rationale behind the launch of these ultra-luxurious homes, attributing it to thorough research that identified a robust demand for such high-end properties in RAK. He noted that the swift market response given that these residences have been available for less than four months validates their initial insights. Aggarwal expressed confidence that exceptional quality in a desirable location will always attract buyers, reinforcing their commitment to this market segment.
The Celest and Stellar sky villas represent the pinnacle of luxury living in Ras Al Khaimah, each offering expansive layouts and unparalleled amenities. The Celest boasts over 22,000 square feet with seven bedrooms, ample living spaces featuring sunken seating for gatherings, and a spacious kitchen, while the Stellar encompasses more than 21,000 square feet across two levels with six bedrooms and similar high-end living arrangements. Both residences provide breathtaking, uninterrupted beach and sea views overlooking Al Marjan Island and are conveniently located just two minutes away from the prestigious Wynn integrated resort, making them highly desirable for investors.
These sky villas are designed with meticulous attention to detail, showcasing top-quality finishes and luxurious amenities intended for the most discerning homeowners. The interior design, helmed by the esteemed Hirsch Bedner Associates, ensures a sophisticated aesthetic throughout the properties. Emphasizing modern living, both villas incorporate state-of-the-art smart technology, allowing residents to effortlessly manage lighting, curtains, and climate control, all tailored to enhance comfort with just a single touch.
The successful sale of these elite properties was spearheaded by Onkar Singh, Sales Director at The Luxe Developers, alongside property consultant Hajar Renoncourt. They utilized a network of exclusive brokers to attract high-profile investors from the ultra-luxury real estate market, marking the development as a hotspot for prominent figures in the business sector.
Siddharta Banerji, managing director and co-owner of The Luxe Developers, praised the sales team’s commitment and expertise, which played a crucial role in showcasing the luxurious materials and bespoke finishes that ultimately led to the successful transactions.
Furthermore, Marjan- the master developer of freehold property in Ras Al Khaimah, is dedicated to positioning the region as a leading destination for tourism and investment. Their strategic developments, particularly on Al Marjan Island, focus on creating waterfront, urban, and mountain environments that enhance Ras Al Khaimah’s appeal. Through their excellence in master-planning and leveraging the emirate’s natural assets, Marjan aims to attract foreign investments and international visitors, establishing Ras Al Khaimah as a premier hub for both travel and investment opportunities.
