The Luxe Developers breaks ground on Oceano residential development worth over AED1.5 billion on Al Marjan Island
The UAE-based developer has begun construction on a luxury twin tower project adding to the Al Marjan Island skyline, which will feature 206 luxurious residential units, a range of five-star amenities and retail units.
Dubai, United Arab Emirates, 12 June 2023
UAE-headquartered real estate development firm The Luxe Developers has officially broken ground on Oceano, an upscale twin-tower waterfront development located on Al Marjan Island, Ras Al Khaimah.
The project, valued at over AED1.5 billion, consists of 206 units and will stretch over 18 storeys and include one-, two-, three- and four-bedroom apartments, six penthouses, and two exclusive sky villas, which will enjoy access to private pools as well as indoor and outdoor entertaining areas with unobstructed views across the Arabian Gulf.
Oceano will be located on a unique corner plot on Al Marjan Island and spread across a Built Up Area (BUA) of 79,000 sqm. Residents will have access to a range of amenities often associated with five-star hotels, including a luxury spa, an infinity pool connecting the two towers, a state-of-the-art gym, a cigar lounge, a library, a yoga room, a children’s play area, and a chauffeur’s lounge. A dedicated retail level will feature 12 units offering the best in hospitality, F&B and leisure.
Outdoors, in addition to the extensive green spaces and lush landscaping, residents will enjoy a resort-style swimming pool, a dedicated children’s pool, a private beach, and jetty access for those mooring yachts. A concierge and 24-hour security will also be provided.
Critically acclaimed Dewan Architects + Engineers, who are at the forefront of the Middle East’s architectural and engineering design sector, were responsible for developing Oceano’s unique design, incorporating free-flowing glass facades and minimalist frames, and with each floor rotated on different planes, every resident can maximise the uninterrupted panoramic views.
Interiors have been designed by the renowned Hirsch Bedner Associates (HBA), a leading hospitality design firm, where a focus on marble finishes and unique accents within each of the units accentuates the luxury offering.
Shubam Aggarwal, Chairman and Co-owner, The Luxe Developers, said: “As our flagship development, we are committed to delivering a project that underscores our corporate philosophy of creating luxury spaces and elevating the human experience. To achieve this, we have worked with best-in-class architects and designers to ensure Oceano stands out as the premier residential development in Ras Al Khaimah and the UAE. We fully expect the impeccable design and world-class amenities to attract regional and international investors and have already seen high levels of interest from buyers eager to secure their property.”
This sentiment was echoed by Siddharta Banerji, Managing Director and Co-owner, The Luxe Developers, saying: “When we first conceptualised Oceano, we wanted to create something unlike anything else that has been built on Al Marjan Island. Famed for its wealth of five-star hotels and soon-to-be home to the multi-billion-dollar integrated resort by Wynn Resorts, Al Marjan Island represented the ideal location and opportunity for us to launch our vision for the future of luxury residential living.”
Abdulla Al Abdouli, Chief Executive Officer of Marjan, said: “The bold vision of The Luxe Developers, a new entrant in the luxury property sector in the UAE, is an introduction to the concept of luxury living for residents on Al Marjan Island. The exclusive amenities and exceptional lifestyle of the ultra-luxury project strengthens Al Marjan Island’s appeal as a preferred investment hub and reflects the tremendous potential for growth offered by the master-planned community.”
According to recent data from Ras Al Khaimah Municipality, the emirate’s property sector has witnessed robust growth in the last year on the back of multi-billion-dollar investment deals from firms such as Wynn Resorts, Nobu Hotels, Aldar, Dubai Investments and Abu Dhabi National Hotels, and now The Luxe Developers.
Al Marjan Island has already welcomed a host of hotels and entertainment venues to the 2.7 million square metres man-made archipelago, with Oceano a welcome addition.
For more information, please visit www.theluxedevelopers.ae.
