2-Bedroom Wynn and Sea View Apartment in Oceano, Al Marjan Island, 10% Below OP

Property Overview

This 2-bedroom apartment in Oceano by The Luxe, Al Marjan Island, Ras Al Khaimah, is offered at AED 5,050,139 for 1,810 sq ft of built-up area, or about AED 2,790 per sq ft. The asking price is AED 561,127 below the agent-stated original purchase price of AED 5,611,266, a 10.0% reduction. The agent reports views of the Wynn resort and casino and the sea, with handover expected in Q4 2026.

Property Highlights

• Property type: Apartment
• Bedrooms: 2
• Built-up area: 1,810 sq ft
• Asking price: AED 5,050,139
• Original price (agent-stated): AED 5,611,266
• Saving versus original price: AED 561,127 (10.0%)
• Asking rate: approximately AED 2,790 per sq ft
• View: Wynn casino resort and sea (agent-stated)
• Status: off-plan, expected handover Q4 2026
• Developer: The Luxe Developers

Why the Price Qualifies as Below OP

The listing is classified as Below OP because the asking price of AED 5,050,139 is lower than the original purchase price of AED 5,611,266 stated in the agent's brief. The difference is AED 561,127, or 10.0% of the original price.

The original price comes from the agent's brief received on 28 October 2026 and has not yet been checked against the SPA or the RAK Land Department's records. The comparison reflects what the seller originally paid; it is not a claim that the unit is below current market value.

About the Project and Community

Oceano is a residential project by The Luxe Developers on Al Marjan Island, a group of man-made islands off the coast of Ras Al Khaimah developed with beachfront hotels, resorts and residential towers, including the Wynn Al Marjan Island resort.

Layout, Floor and View

The agent confirms a 2-bedroom layout of 1,810 sq ft with views of the Wynn resort and the sea. Tower, floor, bathrooms, parking and furnishing were not supplied. Ask the DPF team for the floor plan.

Payment Plan and Handover

Handover is expected in Q4 2026, according to the agent. No payment plan, amount paid or outstanding balance was supplied. Property in Ras Al Khaimah is registered with the RAK Land Department rather than the Dubai Land Department, so confirm the registration, remaining payments and transfer fees there before making an offer.

Location and Connectivity

Al Marjan Island is connected to the Ras Al Khaimah mainland by causeway, with road links south along Emirates Road and Sheikh Mohammed Bin Zayed Road towards Dubai. Travel times vary and are not quoted here.

Verification Notes

• Agent-supplied facts: Oceano by The Luxe, Al Marjan Island, 2-bedroom apartment, 1,810 sq ft, Wynn casino and sea view, Q4 2026 handover, original price AED 5,611,266 and asking price AED 5,050,139.
• DPF-calculated figures: AED 561,127 (10.0%) below the original price and approximately AED 2,790 per sq ft.
• Not yet verified: SPA or RAK Land Department records, tower, payment status, floor, bathrooms and parking.