Richmind has begun construction on Oystra, with Phase 1 already fully sold out as the project reaches a major development milestone.

Dubai, UAE: 10.12.25 – Richmind, a premium developer specialising in ultra-niche real estate projects and a flagship business vertical of Richmind Holding, has officially broken ground on Oystra, a landmark residential project on Al Marjan Island, Ras Al Khaimah. Designed by Zaha Hadid Architects (ZHA), Oystra represents a defining moment in the emirate’s emergence as the UAE’s next world-class coastal investment destination and sets an unprecedented benchmark for luxury waterfront living.

With Phase 1 fully sold out, the groundbreaking marks a significant milestone and signals the formal launch of Phase 2, now officially on sale. The sellout of Phase 1, driven by strong global and regional demand, underscores growing investor confidence in high-growth beachfront markets like Ras Al Khaimah and affirms Oystra’s position as one of the most sought-after developments on Al Marjan Island. Construction remains firmly on track for the 2029 handover.

Oystra brings together an exceptional, world-renowned team of partners to deliver a project conceived as a legacy development from day one. Zaha Hadid Architects leads the visionary design, introducing a sculptural, fluid architectural form never before seen on Al Marjan Island, while Dewan Architects + Engineers translates this ambition into technical reality through innovations such as the 40-metre curved steel truss that preserves ZHA’s purity of form. HBA delivers hospitality-grade interiors, and Cracknell creates a landscape that becomes an experiential extension of the architecture, deeply connected to the seafront environment. Together, these partners ensure Oystra is executed not as a conventional development, but as a landmark that will define the future of waterfront living in the emirate.

“Al Marjan Island has always been envisioned as a premier waterfront destination, and the groundbreaking of Oystra marks an exciting milestone in the island’s continued growth. Richmind’s commitment to design excellence and world-class partnerships, reinforces the international appeal of Ras Al Khaimah and elevates the lifestyle offering for residents and investors alike,” says Arch. Abdulla Al Abdouli, Group CEO, Marjan.

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