Richmind breaks ground on landmark Oystra after Phase One sellout

The developer said strong interest from both regional and international buyers had driven rapid absorption, reflecting growing confidence in Ras Al Khaimah’s emerging luxury beachfront market. The project remains on schedule for a 2029 handover.

Oystra has been designed by Zaha Hadid Architects as a sculptural waterfront landmark intended to elevate the architectural profile of Al Marjan Island. The design is being translated into technical execution by Dewan Architects and Engineers, which has incorporated a 40-metre curved steel truss to retain the project’s fluid form.

Richmind breaks ground on Oystra

HBA is leading the interior design and Cracknell is delivering the landscape scheme, which aims to create a seamless connection between the architecture and the seafront environment.

“Al Marjan Island has always been envisioned as a premier waterfront destination, and the groundbreaking of Oystra marks an exciting milestone in the island’s continued growth. Richmind’s commitment to design excellence and world-class partnerships, reinforces the international appeal of Ras Al Khaimah and elevates the lifestyle offering for residents and investors alike,” said Arch. Abdulla Al Abdouli, Group CEO, Marjan.

Located close to Wynn Al Marjan Island, Oystra will offer 850 one- to four-bedroom seafront residences positioned to maximise views of the Arabian Gulf. Planned amenities include a beach club, spa, wellness spaces and a signature dining venue set at the project’s highest point, surrounded by what the developer says will be the emirate’s first 360-degree infinity pool.

Mohammad Rafiee, CEO of Richmind Holding, said: “Oystra is more than a development, it is a milestone in Ras Al Khaimah’s rise as a global coastal investment destination. The rapid sellout of Phase 1 reflects growing international interest in the emirate, as buyers increasingly seek premium, design-led beachfront properties with strong long-term value potential. This groundbreaking is not just the start of construction, it is an affirmation of our long-term commitment to supporting the emirate’s evolution and delivering a project that embodies rarity, architectural excellence, and enduring value for our clients and investors.”

Richmind Holding operates across the UK, Germany, China and the UAE and plans further expansion internationally in the coming year.