Developer Richmind has announced the complete sell-out of Phase 1 of its flagship development, Oystra, situated on Al Marjan Island. This achievement follows an unprecedented response from buyers and investors, prompting the developer to launch Phase 2, which is now open for sale, said a statement.
Designed by Zaha Hadid Architects (ZHA), Oystra by Richmind marks the firm’s inaugural residential development on Al Marjan Island. The project has garnered demand from international markets, particularly Europe, where over 50% of buyers originate. This underscores Oystra’s appeal to global investors, the firm said.
Significant interest has also been recorded from key markets such as the USA, Canada, China, Australia, and Turkey. As part of Phase 2, Richmind has unveiled the upcoming release of limited edition ultra-luxury penthouses.
Mohammad Rafiee, CEO, Richmind said, “The sell-out of Phase 1 is a resounding validation of our vision to bring art into living. Oystra has resonated deeply with the international community, particularly those in Europe who value the fusion of iconic Zaha Hadid architecture with functional luxury – at an ever-growing lifestyle destination like Al Marjan Island.”
“Our Phase 2 launch will see even more exclusivity, premium offerings and limited edition homes, setting this new standard of UAE living to the world. The interest from global investors to buy property in the UAE is a trend we will continue to cater to. Our recent expansion into China with a sales office in Shanghai and our collaboration with Harrods in London in February are strategic steps to be closer to our global clientele.”
Christos Passas, Director of Design, Zaha Hadid Architects added, “With Phase 2, we continue the narrative of fluid elegance. The architecture of Oystra is designed to engage with the elements, the sea, the wind, and the light. We are thrilled to see how well the design has been received globally. It confirms that there is a universal language for beauty and innovation, and we look forward to seeing this second phase come to life, offering residents a spatial experience that is both grounding and limitless.”
Richmind is introducing Oystra directly to European investors through a series of high-profile roadshows, which will include stops in Manchester, Hamburg, and an exclusive showcase at Harrods in London, the statement said.
The development offers residents access to over 50 amenities. These include a 150m crystal clear lagoon, a branded Luxe European spa, yoga pavilions, and golf simulator. These amenities are collectively designed to enhance the living experience. Richmind said it will also announce a collaboration with a luxury hospitality brand this year, which will bring curated serviced residences and exclusive high-end F&B offerings to the community.
The crown jewel of the development’s leisure offerings is Ras Al Khaimah’s first and only 360-degree infinity pool. This pool offers views on Al Marjan Island. It is complemented by a Beach Club and a dedicated 24-hour, 5-star concierge service. These features ensure that all residents enjoy a hotel-standard lifestyle.
As construction progresses toward the 2029 handover, Oystra continues to embody Richmind’s vision for design-led, artful living. This vision enhances the UAE’s coastal landscape while delivering lasting value for residents and investors, the statement concluded.
Richmind sells out Oystra Phase 1 and announces Phase 2 Middle East Construction News.
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