The Luxe Developers, a UAE-based real estate firm, has become the first offplan developer in Ras Al Khaimah to obtain a UAE Golden Visa for an investor. An investor purchased two three-bedroom flats and a penthouse at the Oceano development on Al Marjan Island for over AED35 million, securing them the long-term visa which is valid for five or ten years, through the real estate agency.
Golden Visas allow holders to live, work and study in the UAE without needing a national sponsor. They also enable visa holders to sponsor their families. Oceano has seen significant interest internationally. Russians, Brits and Germans top the list of buyers so far, 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,” Shubam Aggarwal, Chairman and Co-owner of The Luxe Developers. He added said. “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,” he added.
The Celest spans over 22,000 square feet across two floors. The Stellar, split over two levels, is over 21,000 square feet. Owners will enjoy amenities like a spa, gym and private pools with sea views. Prices for a one-bedroom flat start at AED2.6 million. Two-bedrooms start at AED4.2 million and three-bedrooms at AED6.7 million. Four-bedroom prices begin at AED9.2 million, with penthouses from AED21 million. “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,” Managing Director Siddharta Banerji said.
