Luxe Developers Introduces Golden Visa Incentive for Investors in Ras Al Khaimah Property

The Luxe Developers, a real estate firm based in the UAE, has reached a significant milestone by becoming the first off-plan developer in Ras Al Khaimah to secure a prestigious UAE Golden Visa for an investor. The investor purchased two three-bedroom properties and a penthouse at the Oceano development on Al Marjan Island, with a total investment exceeding AED 35 million.

The UAE Golden Visa is a long-term, renewable visa valid for five or ten years. Eligible recipients include investors, entrepreneurs, scientists, outstanding students and graduates, humanitarian leaders, and frontline workers. This visa allows holders to live, work, and study in the UAE without a national sponsor and enables them to sponsor their families and dependents.

The Oceano development has attracted significant international interest, particularly from Russians, Brits, and Germans, followed by Indians and Americans.

“Our exceptional portfolio enables investors to own or live in an ultra-luxury property in the growing market of Ras Al Khaimah while having the opportunity to secure a sought-after UAE Golden Visa,” said Shubam Aggarwal, Chairman and Co-owner of The Luxe Developers. He added, “This underscores The Luxe Developers’ commitment to delivering unparalleled real estate opportunities and contributing to the growth and development of Ras Al Khaimah’s property market.”

Recently launched, The Celest and The Stellar, two ultra-luxury residences that are part of the Oceano development, have garnered interest from ultra-high-net-worth individuals due to their prime location, expansive space, and extensive world-class amenities.

Located just two minutes from the multi-billion-dollar Wynn integrated resort, these properties are valued at over AED 90 million each, making them the most expensive in Ras Al Khaimah. The Celest spans over 22,000 square feet across the top two floors and features seven bedrooms, while the six-bedroom Stellar, spread across two levels, spans over 21,000 square feet.

Owners of these properties will enjoy unmatched luxury with amenities including a spa, sauna, hammam, private pool, snow room, state-of-the-art gym, home theatre, and dedicated office space. The residences also feature a 4,504-square-foot terrace with a unique infinity pool offering breathtaking views and tranquility, ideal for outdoor living.

In the Oceano development, prices for a one-bedroom apartment start at AED 2.6 million (AED 2,856 per square foot). A two-bedroom designer apartment starts at AED 4.2 million (AED 2,652 per square foot). Prices for a three-bedroom apartment start at AED 6.7 million (AED 2,856 per square foot), while four-bedroom apartments start at AED 9.2 million (AED 3,264 per square foot). The starting price for a penthouse is AED 21 million (AED 3,264 per square foot).

Siddharta Banerji, Managing Director and Co-owner of The Luxe Developers, stated, “The Middle East region has become a coveted destination for affluent buyers seeking exclusivity, privacy, and unparalleled luxury. We have seen several investors choosing our luxury properties due to the world-class amenities offered and the potential long-term returns forecast in the maturing luxury real estate market of Ras Al Khaimah.”

The Oceano development, set to be completed in Q3 2026, will feature a signature infinity pool connecting the twin tower development, cutting-edge fitness facilities including gyms and yoga studios, and rejuvenating spa services. Residents will also have access to a cigar lounge, a library, a private beach, a chauffeur’s lounge, and a dedicated retail level offering the best in hospitality, F&B, and leisure.