Feb 03, 2026DAMAC Valencia Apartments 3D Virtual Tours
Introduction
Richmind, a premium ultra-luxury developer has started sales of Phase II of Oystra on Al Marjan Island in Ras Al Khaimah. The development is the first residential project by the firm on this iconic waterfront destination and was designed by Zaha Hadid Architects. Phase I sold out completely after a huge response from local and international buyers encouraged Richmind to accelerate the second phase launch.
Highlights of Phase I
Phase I had a truly international buyer profile, with more than half of the buyers coming from Europe. They also recorded demand from the US, Canada, China, Australia, and Turkey, reinforcing Oystra’s status as a premium waterfront project.
Details of Phase II
In Phase II, Richmind is focusing on higher exclusivity and a limited‑edition product mix for end‑users and investors.
A key highlight of this release is the planned collection of ultra‑luxury penthouses, designed as statement homes for a small group of buyers seeking maximum privacy and views.
These flagship penthouses are expected to be around AED 75 million, setting a new pricing benchmark for residential property on Al Marjan Island and placing Oystra firmly in the top tier of UAE coastal luxury.
- Limited edition penthouses with panoramic sea and skyline views.
- Higher level of services and amenity access compared to standard units.
- Targeting sophisticated global buyers like London, Monaco, and Dubai.
Launch Event and Global Expansion
Richmind marked the Phase II launch with a high‑profile event at Ain Dubai on 27 January 2026.
The evening featured a live performance by world‑renowned DJ Shimza, who created an immersive audio experience for invited investors, dignitaries, and high‑profile industry guests.
To support growing international demand, Richmind is also building a larger on‑ground presence in key markets.
- A new sales office in Shanghai has been opened to directly serve Far Eastern investors and Chinese ultra‑high‑net‑worth clients.
- A series of February roadshows is planned across Europe, including events in Manchester, Hamburg, and an exclusive showcase at Harrods in London, bringing Oystra directly to European buyers.
This strategy helps the developer meet interested clients where they live, instead of relying only on UAE‑based sales channels.
Unique Features of Oystra
Oystra has been designed as a complete lifestyle destination rather than just a residential building.
Residents will have access to over 50 amenities, thoughtfully spread across wellness, leisure, entertainment, and hospitality zones.
Key lifestyle amenities
- A 150-metre clear lagoon with swimmable water and beach edge for residents.
- A brand-name Luxe European spa offering high-end wellness treatments.
- Dedicated indoor & outdoor yoga pavilions & a golf simulator for active, resort living.
The most distinctive feature is Ras Al Khaimah’s first and only 360 deg infinity pool with views across Al Marjan Island and into the Arabian Gulf. This pool is paired with a signature Beach Club and a 24-hour, five-star concierge service for residents to enjoy at home - hotel standard.
Richmind is also planning a collaboration with a luxury hospitality brand to introduce curated serviced residences and high‑end F&B concepts within the community.
This will add branded services, curated dining, and elevated guest experiences that support both owners and visiting guests.
Oystra at a Glance
| Feature | Detail |
|---|---|
| Developer | Richmind, ultra‑luxury real estate specialist. |
| Location | Al Marjan Island, Ras Al Khaimah, UAE. |
| Architect | Zaha Hadid Architects (ZHA). |
| Project type | Ultra‑luxury waterfront residences and penthouses. |
| Phase I status | Completely sold out, with a strong global buyer base. |
| Phase II highlight | Limited edition penthouses, around AED 75 million each. |
| Amenities | 50+ amenities, including 150m lagoon, spa, yoga, golf simulator. |
| Signature feature | Ras Al Khaimah’s first 360° infinity pool. |
| Lifestyle services | Beach Club and 24‑hour, 5‑star concierge. |
Developer vision and buyer appeal
Richmind’s leadership sees the sellout of Phase I as proof that there is a demand for art-driven architecture mixed with functional luxury and beachfront living.
European buyers have embraced Oystra’s new Zaha Hadid style language and the resurgence of Al Marjan Island’s lifestyle story, as per CEO Mohammad Rafie.
Designer Christos Passas, Director of Design at Zaha Hadid Architects, has described Phase II as the continuation of a “fluid elegance” narrative in which the building’s form responds to sea, light, and wind.
They want to give residents something grounded but premium- a daily living experience very different from an apartment tower.
Why Invest in Oystra?
- Limited supply of ultra‑luxury waterfront residences in Ras Al Khaimah.
- Word-class amenities
- Future capital appreciation potential.
- Branded architecture and five‑star services
- Higher rental and resale values over the long term.
Wrapping up
The sellout of Phase I and the early global interest in Phase II underline Richmind’s ability to combine iconic Zaha Hadid design with practical, resort‑style living in the UAE.
With a handover planned for 2029, Oystra will set a new benchmark for waterfront living on Al Marjan Island and appeal to end-users and global investors looking for more than a holiday home.
For more information or to enquire about the exclusive Phase II release and penthouse availability, you can contact Top Luxury Property
