2-Bedroom Apartment at Oceano, Al Marjan Island – 10% Below Original Price

Property Overview

This 1,810 sq ft two-bedroom apartment at Oceano by The Luxe Developers on Al Marjan Island, Ras Al Khaimah, is offered at AED 5,050,139. The agent states an original price of AED 5,611,266, so the asking price is AED 561,127 (10.0%) below that benchmark. It is an off-plan resale with handover given as Q4 2026, and the agent describes Wynn resort and sea views.

Property Highlights

• Property type: 2-bedroom apartment
• Project: Oceano by The Luxe Developers
• Location: Al Marjan Island, Ras Al Khaimah
• Size: 1,810 sq ft
• Asking price: AED 5,050,139
• Agent-stated original price: AED 5,611,266
• Difference: AED 561,127 (10.0%)
• Price per sq ft: approx. AED 2,790
• View: Wynn resort and sea view (agent-stated)
• Handover: Q4 2026 (agent-stated)

Why the Price Qualifies as Below OP

The comparison is against the original purchase price supplied in the agent's resale brief of 9 October 2026: AED 5,611,266. Subtracting the AED 5,050,139 asking price gives a difference of AED 561,127, or 10.0% of the original price, which matches the agent's description of roughly 10% below OP. At 1,810 sq ft, the asking price works out to about AED 2,790 per sq ft.

The original price comes from the agent and has not been checked against the seller's SPA. Buyers should ask for the SPA and the developer's statement of account to confirm the original price, the amount already paid and the balance still due to the developer.

About the Project, Developer and Community

Oceano is a residential development by The Luxe Developers on a corner plot of Al Marjan Island in Ras Al Khaimah. Construction-industry reporting describes it as an 18-storey project of 206 residences, including one- to four-bedroom apartments, six penthouses and two sky villas, with China State Construction Engineering Corporation Middle East appointed as main contractor. The design rotates each floor on a different plane to open up views over the Arabian Gulf.

Published amenities include an infinity pool overlooking the sea that links the two towers, gyms, yoga studios, spa facilities and beach access. Al Marjan Island is a man-made group of islands off the Ras Al Khaimah coast and is the site of the Wynn Al Marjan Island integrated resort, which has drawn strong investor attention to the area.

Layout, Floor and View

The agent describes a 1,810 sq ft two-bedroom unit with views of the Wynn resort and the sea. Floor level, bathroom count, unit number and parking were not supplied, so they are not stated here. Request the floor plan and unit position to confirm the view.

Payment Plan and Handover

The agent gives handover as Q4 2026. Some project listings show an earlier completion target, so confirm the current expected handover date directly with the developer. No payment plan or paid amount was supplied. Before committing, confirm with the seller how much has been paid to the developer, what balance remains and on what schedule, and the developer's resale transfer requirements and fees.

Location and Connectivity

Al Marjan Island sits along the Ras Al Khaimah coastline with a mix of beach resorts, hotels and residential projects. Ras Al Khaimah International Airport and the city's malls are reachable by road, and Dubai is accessible via the Emirates Road corridor. Check actual travel times for your own routes during a site visit.

Verification Notes

• Agent-supplied: project, bedrooms, size, asking price, original price, Wynn and sea view, handover Q4 2026.
• DPF-calculated: AED 561,127 difference, 10.0% saving and approx. AED 2,790 per sq ft.
• External research: developer, storeys, unit count, contractor and amenities from construction-industry and project-listing sources.
• Not verified: the seller's SPA price, amount paid, payment plan, exact view and handover date.