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The developments located at Al Marjan Island valued at over AED180 million
November 05, 2024 | Staff Reporter | UAE | Brokerage
The Luxe Developers, a UAE-based real estate development firm, has announced the sale of The Celest and The Stellar, two ultra-luxury residences that form the pinnacle of the company’s Oceano development, located on Al Marjan Island. The two sky villas sold off-plan, priced at AED 90 million each, underscore the demand for ultra-luxurious real estate developments in line with the increase in overseas and local UHNWI relocating to Ras Al Khaimah.
Commenting on the mega sale, Arch. Abdulla Al Abdouli, Chief Executive Officer, Marjan, the master developer of freehold properties in Ras Al Khaimah, said, “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.”
The Celest and The Stellar are the most expensive residences in Ras Al Khaimah. They offer a unique and exquisite living experience, epitomised by their spacious and sophisticated design, which eclipses anything currently available on the real estate market in the emirate.
Shubam Aggarwal, Chairman and Co-owner of The Luxe Developers, said: “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. The fact that these specific properties have only been on the market for less than four months underscores the accuracy of our initial assessment. Unique quality in a sought-after location will always sell, and we are steadfast in our belief.”
The Celest, which spans over 22,000 square feet on the top two floors of the development, features seven bedrooms, multiple living areas with sunken seating for hosting, and an extensive kitchen. The six-bedroom Stellar, split across two levels, spans more than 21,000 square feet and features similar living arrangements. Both properties offer a serene and luxurious living experience, uninterrupted beach and sea views across Al Marjan Island, and are conveniently located just two minutes from the multi-billion-dollar Wynn integrated resort, further enhancing the development’s attractiveness for investors.
The sky villas are equipped with a host of top-notch finishes and amenities designed to cater to the most discerning tastes. They feature interior design by the globally acclaimed Hirsch Bedner Associates.
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