UAE real estate developer Lacasa Living has announced the launch of Ola Residences at Al Marjan Island in Ras Al Khaimah.
The AED200m ($54.5m) residential project will add to the rapidly growing demand for properties in Al Marjan Island Ras Al Khaimah.
With an expected handover in Q1 2027, Ola Residences is designed to offer a blend of contemporary aesthetics, natural beauty, and world-class amenities.
Ola Residences at Al Marjan Island in the UAE
Ola Residences features two basement levels, a ground floor, seven apartment floors, and rooftop amenities.
The project comprises 96 fully furnished apartments, evenly split between studios and one-bedroom units.
The average area for a studio is 390sq ft, leading up to one bedroom apartments sized at 820sq ft and the more plush one bedroom apartments with a private pool spanning 1,289sq ft.
The prices start from AED1.18m ($321,000), with a payment plan structured at 40 per cent during construction and 60 per cent upon completion.
The anticipated handover is scheduled for the first quarter of 2027.
Emad Jaber, Chairman of Lacasa Living, said: “We are very excited to launch Ola Residences, which will be our first project for boutique residential apartments.
“As architects we have always put precision and design at the heart of all our projects and Ola Residences brings the best of our creativity in every element. Each aspect of the space serves a purpose that inspires connection, belonging, and beauty, just as we believe is the core of Lacasa Living”.
Ahmad Jaber, CEO of Lacasa Living, said: ““As with all our projects, we conceptualised Ola Residences to be an epitome of design, destination and delight. We chose to be in Al Marjan Island as the location has a growing focus on tourism and opportunities for residential development, especially near coastal areas.
“It is perfectly tailored to every preference, whether you are chasing thrills, seeking relaxation, or creating family memories. The project’s design blends nature and artistry. Our amenities are crafted to elevate every aspect of life. Every detail, from the cohesive design to the inspired living experience, reflects our core philosophy of creating spaces that enhance human experiences”.
Designed for both residents and investors, Ola Residences is equipped with short-term rental readiness, complete with locker storage.
Lacasa Living has partnered with One Broker Group, an award-winning, developer-focussed real estate agency to prioritise the sales interest of end users and investors for the newly launched bespoke Ola Residences.
Looking ahead, Lacasa Living has outlined an ambitious growth trajectory, with six projects already designed and ready for development.
The company projects project values of:
- 2025: AED1.2bn ($327m)
- 2026: AED2bn ($544.5m)
- 2027: AED3bn ($817m)
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