Dubai, UAE — La Mazzoni Al Marjan Island project progresses as The Luxe Developers appoints Aquapile Contracting for shoring and piling works. The AED2.3 billion ($626 million) wellness-integrated luxury development on Ras Al Khaimah’s Al Marjan Island follows recent groundbreaking, with handover set for 2028.
Aquapile Contracting handles specialist foundation tasks to shift La Mazzoni into main construction. The developer noted this as their second Al Marjan Island venture after sold-out Oceano, due complete next year.
La Mazzoni includes 568 furnished residences, five retail units, biophilic design, wellness amenities, and co-working spaces. Chairman Shubam Aggarwal said: “The commencement of shoring and piling works represents a significant step forward for La Mazzoni following our recent ground-breaking.”
He added that Aquapile Contracting brings proven technical expertise and a strong track record in complex foundation works, which aligns with our uncompromising standards for quality and execution.”
Contractor Builds on Prior Success
Ashish Desai, Managing Director of Aquapile Contracting, said this marks their second tie-up with The Luxe Developers after Oceano’s foundation delivery.
Also read: Ras Al Khaimah Property Market Records 250% Transaction Surge in 2025
“It builds on a strong partnership and trust established through the successful completion of shoring, piling and dewatering works at Oceano last year. La Mazzoni is a prestigious project, and we look forward to applying our proven engineering capabilities and decades of local experience to support the successful delivery of this development,” he noted.
“Our team is committed to executing the works efficiently and to the highest technical, safety, and quality standards,” Desai added. Aquapile’s role reinforces execution timelines amid RAK’s construction pipeline growth.
RAK Market Context Boosts Appeal
Ras Al Khaimah’s property sector posted 13.8% year-on-year value growth in H1 2025 per ValuStrat, with apartments up 13.2% and villas 15%; Al Marjan Island saw 14.5% apartment rises. Off-plan sales dominated 85% of freehold deals worth AED6 billion, aligning with UAE trends where such transactions hit 58% in Dubai Q3 2025.
Also read: Ras Al Khaimah Real Estate Market Surges 855% Over Eight Years
CBRE reports highlight RAK residential demand surge, with apartment rents up 20.8% and 19,300 units slated through 2030, including branded residences at 25% of supply. Knight Frank notes RAK as a rising UAE star with 66% new registrations growth.
Insights for Indian Investors
Indian buyers favor UAE properties for tax-free gains, high yields (5.4-5.6% in RAK apartments), and golden visas from AED2 million investments—matching La Mazzoni’s starting prices. RAK draws NRIs via 15-20% off-plan appreciation potential and proximity to India, with streamlined ownership in freeholds like Al Marjan. Flexible plans (70% construction, 30% handover) suit mid-luxury seekers amid RAK’s tourism push to triple visitors by 2030.
La Mazzoni Al Marjan Island signals RAK’s shift to wellness-luxury hubs, offering Indian investors 10-15% ROI via capital gains and rentals in a market yielding 5-9% amid 14.9% value rises. Early off-plan entry secures upside from tourism and Wynn Resorts nearby, but due diligence on delivery tracks like The Luxe Developers’ Oceano matters.
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