The boutique development arm of Lacasa Architects & Engineering Consultants- Lacasa Living, has officially begun construction on the Ola Residences project located at Al Marjan Island in Ras Al Khaimah. This AED 200 million initiative is in partnership with One Broker Group, its exclusive sales partner, and aims to elevate beachfront living through modern design, luxurious Italian finishes, and premium amenities. The project is notable for its swift timeline, with a projected handover set for the first quarter of 2027, showcasing Lacasa Living’s commitment to efficient execution and high-quality construction.
Strategically positioned just five minutes from the upcoming Wynn Casino, Ola Residences encompasses two basement levels, a ground floor, seven stories of apartments, and a rooftop equipped with various amenities. The development will feature 96 fully furnished apartments, which include both studio and one-bedroom units. Studio apartments will start at 390 square feet, while one-bedroom units will begin at 820 square feet; some of the one-bedroom residences will also offer private pools and span up to 1,289 square feet. Prices for the apartments will start from AED 1.18 million ($321,000), and the project boasts an attractive payment plan of 40% during construction and 60% upon handover.
Ahmad Jaber, CEO of Lacasa Living, expressed appreciation for the support from stakeholders, including Marjan, the master developer of Al Marjan Island. He underscored the company’s dedication to architecture and their goal of providing exceptional living experiences, citing the positive reception of the project at its launch.
Emad Jaber, Chairman of Lacasa Living, emphasized the balance of nature and luxury envisioned for the project, aiming to create lasting value for both investors and homeowners. He conveyed a commitment to surpassing stakeholder expectations.
Umar bin Farooq, CEO of One Broker Group, noted that Ola Residences is poised to disrupt the market in response to the increasing demand for premium residences in Ras Al Khaimah. He praised Lacasa Living’s rapid transition from project launch to groundbreaking as evidence of their dedication to timely delivery.
Craig English, managing director of One Broker Group, highlighted the strategic collaboration behind the project, remarking on its potential to generate significant value for clients in Ras Al Khaimah’s evolving real estate market.
Ola Residences is an ideal choice for both homeowners and investors, providing a perfect blend of luxury and practicality. The property is designed for short-term rental readiness, making it an attractive option for those looking to capitalize on rental income. Each unit features dedicated locker storage, enhancing convenience for residents.
The amenities at Ola Residences elevate the living experience, including a breathtaking rooftop infinity pool and bar where residents can unwind while enjoying stunning views. The state-of-the-art fitness center, equipped with ocean-facing vistas, allows for invigorating workouts, while the sauna and steam rooms offer a relaxing retreat.
Families will appreciate the kids’ play area and pool, providing a safe space for children to enjoy. For those who work from home, the well-designed co-working spaces foster productivity and collaboration. Additionally, in-house laundry services add an extra layer of convenience for residents.
Overall, Ola Residences presents a unique opportunity for a luxurious lifestyle combined with investment potential, making it a standout option in the market.
