UAE real estate developer has sold two ultra-luxury Sky Villas, The Celest and The Stellar, for a combined $49 million in the Oceano project on Al Marjan Island in Ras Al Khaimah.
In a landmark deal, a UAE real estate developer has sold two ultra-luxury Sky Villas, The Celest and The Stellar, for a combined $49 million in the Oceano project on Al Marjan Island in Ras Al Khaimah. This sale underscores the growing demand for high-end properties in the region and highlights the appeal of Al Marjan Island as a sophisticated destination for ultra-high-net-worth individuals (UHNWI).
The Celest and The Stellar are the most expensive residences ever sold in Ras Al Khaimah. The Celest spans over 22,000 square feet across the top two floors of the development, featuring seven bedrooms, multiple living areas with sunken seating for hosting, and an extensive kitchen. The Stellar, split across two levels, covers more than 21,000 square feet and offers similar opulent features, including six bedrooms and spacious living spaces.
Both properties boast stunning views of Al Marjan Island’s pristine beaches and are conveniently located just two minutes from the multi-billion-dollar Wynn integrated resort. Designed by the acclaimed Hirsch Bedner Associates, these sky villas feature only the finest materials and finishes, ensuring a luxurious living experience.
The Celest and The Stellar are equipped with a host of top-notch finishes and amenities designed to cater to the most discerning tastes. Both properties include private spas, saunas, hammams, snow rooms, and infinity pools, as well as state-of-the-art gyms, home theaters, and dedicated office spaces. A sprawling 4,504-square-foot terrace with an infinity pool offers breathtaking views and unrivaled tranquility.
The residences also feature cutting-edge smart technology, allowing seamless control over lighting, curtains, and air conditioning for optimal comfort. Additionally, the properties come with a private elevator, ensuring privacy and convenience for the residents.
The sale of The Celest and The Stellar highlights Al Marjan Island’s growing appeal as a sophisticated destination offering an exclusive lifestyle on par with global benchmarks. Abdulla Al Abdouli, CEO of Marjan, the master developer of freehold properties in Ras Al Khaimah, commented on the sale, saying, “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.”
Al Marjan Island has become a cynosure for international high-net-worth individuals seeking to set up home in one of the most dynamic and picturesque neighborhoods in the region. The island offers top-class amenities and incredible facilities, making it an attractive investment hub.
Shubam Aggarwal, Chairman and Co-owner of The Luxe Developers, stated that the decision to launch these properties was in response to research indicating strong demand for ultra-luxurious properties in Ras Al Khaimah. The fact that these specific properties were on the market for less than four months before being sold underscores the accuracy of their initial assessment. Aggarwal added, “Unique quality in a sought-after location will always sell, and we are steadfast in our belief.”
The sale of The Celest and The Stellar marks a significant milestone for the Oceano project and the real estate sector in Ras Al Khaimah. The success of this deal highlights the potential of Al Marjan Island as a prime investment hub, supporting Ras Al Khaimah’s ongoing real estate growth and development. The Oceano project, valued at AED 1.5 billion, is set to be completed in 2026, offering more luxurious residences and amenities.
The sale of two ultra-luxury Sky Villas for $49 million in the Oceano project on Al Marjan Island is a testament to the growing demand for high-end properties in Ras Al Khaimah. The Celest and The Stellar, with their luxurious features and prime location, have set a new benchmark for luxury living in the region. As Al Marjan Island continues to attract international high-net-worth individuals, the future looks promising for the real estate sector in Ras Al Khaimah.
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