Ras Al Khaimah, UAE — La Mazzoni on Al Marjan Island represents the latest wellness-integrated luxury project in Ras Al Khaimah’s booming real estate market. The Luxe Developers broke ground on the AED2.3 billion development, following the sold-out Oceano project. Completion is set for Q3 2028.
The G+15 tower spans over 1.5 million square feet of built-up area, featuring 562 fully furnished residences including apartments, duplexes, chalets, and penthouses. Dewan Architects + Engineers leads the architecture, Hirsch Bedner Associates handles interiors, and Cracknell designs landscaping, drawing from Ras Al Khaimah’s coastline and mountains.
Over 300,000 square feet of landscaped gardens, 11,000 square feet of wellness facilities, and a rooftop infinity pool overlook the Arabian Gulf.
Also read: Mondrian Al Marjan Residences See Record Sales as Ras Al Khaimah Property Booms
Amenities emphasize a wellness-first approach with yoga studios, paddle courts, saunas, hammams, co-working lounges like Sky Lounge, children’s adventure parks, and smart home systems.
Shubam Aggarwal, Chairman and Co-owner of The Luxe Developers, said: “Our aim has always been to deliver more than just a residence; our goal was to create a destination that benefits the local community and offers lasting value to both investors and residents at a competitive price point, without compromising on quality or amenities.”
Pricing starts at AED2 million for one-bedroom units (850-1,150 sq ft), AED3.3 million for two-bedrooms (1,200-1,600 sq ft), and AED5 million for three-bedrooms (1,750-3,000 sq ft), with a 60/40 payment plan. The project sits near Marjan World and Wynn Al Marjan Island resort, topping out late 2025 for a 2027 opening.
Al Marjan Island Market Surge
Al Marjan Island leads Ras Al Khaimah’s residential growth, with apartment prices up 16.8% year-on-year in Q3 2025 per ValuStrat data. Off-plan sales comprised 84% of transactions, generating over AED8.2 billion in the first nine months, averaging AED2 million per deal. CBRE reports 39% residential price growth in Q1 2025, driven by luxury developments on the island.
Also read: OMNIYAT Ras Al Khaimah Waterfront Development Set for 2030 Completion
Knight Frank highlights Ras Al Khaimah as a rising UAE star post-Wynn announcement, with branded residences projected at 25% of future supply. Wellness trends align with UAE demand for health-focused properties, per Knight Frank and CBRE insights on biophilic design and premium amenities.
Appeal for Indian Investors
Indian buyers invested over AED30 billion in UAE properties in 2024, drawn to tax-free returns, 5-7% yields, and Golden Visas for AED2 million+ investments. Ras Al Khaimah offers 30-50% ROI potential via 5.6-12% yields and 8-15% annual appreciation, with direct flights and cultural ties enhancing appeal.
Siddharta Banerji, Managing Director and Co-owner, added: “Launching today marks more than a construction milestone; it represents our ongoing commitment to showcasing luxury, sustainability, and innovative living standards.”
La Mazzoni fits mid-luxury demand amid RAK’s tourism push toward 3 million visitors by 2030.
For Indian investors, La Mazzoni on Al Marjan Island offers entry into RAK’s high-growth market at sub-Dubai prices, with Wynn proximity boosting values 70-147% by 2030 per analysts. Wellness features match rising demand for balanced living, promising strong rental yields and residency benefits amid off-plan dominance. This positions RAK as a diversification play beyond Dubai.
Discover more from Invest Dubai Today - Dubai Realty Insights
Subscribe to get the latest posts sent to your email.
