AED 6,900,000 was AED 7,607,497
| Deal type | Below OP |
| Price | AED 6,900,000 |
| Original price | AED 7,607,497 |
| Saving | AED 707,497 (9.3%) |
| Bedrooms | 3 |
| Size | 2580 sq.ft |
| Type | Apartment |
| Status | Off-Plan |
| Handover | Q3 2026 |
| Developer | The Luxe Developers |
| Area / Master development | Al Marjan Island |
| Sub-community / Phase | Oceano - Tower A |
| Community | Al Marjan Island |
A 3-bedroom apartment in Oceano Tower A by The Luxe Developers on Al Marjan Island, Ras Al Khaimah. The built-up area is 2,580 square feet and the unit is described as having a casino view, facing toward the upcoming Wynn Al Marjan Island integrated resort. The asking price is AED 6,900,000. The agent states this represents a 9.3% discount from the original purchase price, which back-calculates to approximately AED 7,607,497, a saving of approximately AED 707,497. The agent-stated handover is Q3 2026.
The selling agent states this unit is priced 9.3% below the original purchase price. The OP figure was not directly provided. Using the agent's stated percentage, DistressPropertyFinder.com has back-calculated the original purchase price as AED 6,900,000 divided by 0.907, giving approximately AED 7,607,497. The resulting saving is approximately AED 707,497.
This back-calculated figure has not been verified against the seller's SPA, Oqood registration or any DLD transaction record. The 9.3% discount is the agent's claim. Buyers should request documentary proof of the actual original purchase amount and the outstanding payment schedule before committing to this off-plan resale.
The original agent brief listed the location as Maritime City, Dubai. This was corrected to Al Marjan Island, Ras Al Khaimah based on operator confirmation. Oceano by The Luxe Developers is situated on Al Marjan Island, not in Dubai Maritime City. The Danube project in Maritime City is called Oceanz, which is a separate development.
Oceano is a luxury twin-tower waterfront development on Al Marjan Island by The Luxe Developers, valued at approximately AED 1.5 billion. The project comprises two 18-storey interconnected towers, Tower A and Tower B, linked by floating bridges at levels 7 and 8. It contains 225 residences and 11 retail units, offering one-, two-, three- and four-bedroom apartments along with penthouses and sky villas.
The towers feature a distinctive rotating floor plate design and Cadence glass facades. The main contractor is China State Construction Engineering Corporation. Interior design is by Hirsch Bedner Associates (HBA) and the AED 150 million interior fit-out contract was formalised with Interiors International Industries in July 2026. At that time, the development was reported as advancing toward structural completion.
Amenities include infinity pools, private beach access, a gymnasium, yoga studios, spa and wellness facilities, a cigar lounge, a library, a viewing deck, a chauffeur lounge, children's play areas and a curated retail and hospitality level.
The Luxe Developers is a UAE-based luxury real estate firm co-owned by Shubam Aggarwal and Siddharta Banerji. Oceano is their flagship project and they were the first off-plan developer on Al Marjan Island. The company focuses on ultra-luxury waterfront residential developments.
Al Marjan Island is a man-made archipelago in Ras Al Khaimah consisting of four islets: Breeze Island, Dream Island, Treasure Island and View Island. It extends 4.5 kilometres into the Arabian Gulf and covers 2.7 million square metres. The island is a freehold zone and is the site of the upcoming Wynn Al Marjan Island, which is expected to be the first integrated gaming resort in the UAE. Al Marjan Island offers beachfront living with proximity to leisure attractions, restaurants and hotels in Ras Al Khaimah.
The agent describes this unit as having a casino view. This refers to the unit's orientation toward the Wynn Al Marjan Island integrated resort, which is under development on the island. DistressPropertyFinder.com has not independently verified the view direction, the current construction status of the Wynn project or whether gaming operations will proceed as publicly reported. Buyers should confirm the view and the status of surrounding developments independently.
The asking price, bedroom count, built-up area, casino view and handover date are sourced from the agent brief received on 26 August 2026. The original purchase price was not directly stated by the agent. The figure of AED 7,607,497 is back-calculated from the agent's stated 9.3% discount and has not been verified against SPA or transaction records. The location was corrected from Maritime City, Dubai to Al Marjan Island, Ras Al Khaimah based on operator confirmation. Project details including tower structure, unit count, contractor and amenities have been checked against published construction updates, news reports and building guides. This is an off-plan resale and buyers should confirm the remaining payment schedule, any NOC requirements, the current construction timeline and the view direction before proceeding.
The asking price is AED 6,900,000. The agent states this is 9.3% below the original purchase price. The original price was not directly stated but back-calculates to approximately AED 7,607,497, giving a saving of approximately AED 707,497.
The built-up area is 2,580 square feet. At the asking price of AED 6,900,000, the rate works out to approximately AED 2,674 per square foot.
The agent describes the view as a casino view. Oceano on Al Marjan Island is positioned near the upcoming Wynn Al Marjan Island integrated resort, which is expected to include gaming facilities. The view faces toward that development. Buyers should verify the view direction and confirm the current status of the Wynn project independently.
The agent states a handover of Q3 2026. As of July 2026, The Luxe Developers formalised a AED 150 million interior fit-out contract with Interiors International Industries, with the development described as advancing towards structural completion. Buyers should confirm the current handover timeline directly with the developer or selling agent.
Oceano is developed by The Luxe Developers, a UAE-based luxury real estate firm. The project is their flagship development on Al Marjan Island, Ras Al Khaimah, valued at approximately AED 1.5 billion. The main contractor is China State Construction Engineering Corporation and the interiors are designed by Hirsch Bedner Associates.
Oceano is located on Al Marjan Island, a man-made island development in Ras Al Khaimah. The island is a freehold zone near the upcoming Wynn Al Marjan Island resort. Note that the original agent brief listed the location as Maritime City, Dubai, which was corrected based on operator confirmation.
The agent stated the unit is 9.3% below the original purchase price but did not provide the OP figure directly. DistressPropertyFinder.com back-calculated the OP as AED 6,900,000 divided by 0.907, giving approximately AED 7,607,497. This derived figure has not been verified against the seller's SPA or any transaction record. Buyers should request documentary proof of the actual original purchase price.
Oceano comprises two 18-storey interconnected towers, Tower A and Tower B, linked by floating bridges at levels 7 and 8. The development contains 225 residences and 11 retail units, offering apartments from one to four bedrooms as well as penthouses and sky villas. The towers feature a distinctive rotating floor plate design and Cadence glass facades.
Buyer costs
Dubai transfer costs for an off-plan unit. Every figure editable — NOC is set by the developer and varies.
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Total cost
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Full payment schedule and unit details are released to qualified buyers on enquiry.
Indicative only and not a quotation. Excludes any balance payable to the developer, mortgage arrangement costs and service charges.
Finance
Off-plan: UAE lenders generally finance at handover. Plan the position you will be in.
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Monthly payment
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Indicative only, not an offer of finance and not advice. UAE loan-to-value caps depend on residency, property value and whether it is your first purchase, with tighter limits on off-plan. Rates move; confirm current terms with your bank or broker.
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