Introduction
LONDON, February 2026 UAE ultra-premium property developer Richmind Development has unveiled a month-long London showcase for its waterfront residential project, Oystra, at Harrods in Knightsbridge. The activation follows the complete sell-out of Phase 1 and continued interest from international investors seeking exposure to emerging Gulf destinations.
Located near Door 6 throughout February, the showcase introduces the Ras Al Khaimah-based development to London’s private investors, family offices, and real estate professionals. The initiative reflects rising UK interest in high-growth waterfront markets across the Gulf region.
Designed by Zaha Hadid Architects, Oystra is positioned as a landmark residential scheme on Al Marjan Island. The project combines sculptural coastal architecture with hospitality-led living.
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Interiors: Hirsch Bedner Associates (HBA)
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Landscape design: Cracknell
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Local consultancy: Dewan Architects + Engineers
The development is located close to the upcoming Wynn Resort, the Gulf region’s first integrated gaming and hospitality destination. This proximity places Oystra within one of the UAE’s fastest-evolving leisure and investment corridors, where infrastructure expansion, tourism growth, and new hospitality offerings are reshaping long-term real estate potential.
Investment-Led Residential Offering
Oystra features a carefully curated collection of one-, two-, and three-bedroom residences starting from £675,000. Ultra-luxury penthouses and private waterfront villas are priced from approximately £18 million.
Key amenities and lifestyle features include:
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360-degree infinity pool with panoramic coastal views
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Branded beachfront experiences
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Hospitality-grade interiors with international five-star finishes
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Private waterfront access in select residences
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Residences ranging from 85 to 210 sqm, with villas offering private pools and direct marina access
The development is designed to appeal to:
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Early-stage investors seeking capital appreciation in a maturing destination
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Second-home buyers looking for a lifestyle-focused Gulf residence
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Family offices diversifying geographically in stable, tax-efficient markets
Completion is anticipated in Q2 2029, aligning with regional infrastructure milestones and the broader evolution of Al Marjan Island’s leisure and hospitality ecosystem.
From an investment perspective, waterfront inventory in emerging resort corridors typically commands premium pricing once surrounding hospitality, retail, and leisure facilities become operational. Early-entry opportunities provide potential for strong returns as the destination develops.
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Ras Al Khaimah Gaining Investor Momentum
Ras Al Khaimah continues to attract international capital as tourism expansion and infrastructure development reshape its coastal districts. The emirate welcomed over 1.2 million visitors in 2023, with double-digit growth continuing to support real estate demand.
Key growth drivers include:
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Expansion of branded hospitality operators
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Airport connectivity improvements and new flight routes
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Government-backed tourism strategy
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Growth in leisure, entertainment, and retail infrastructure
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Increasing luxury villa and residential sales across Al Marjan Island
More than 50% of Phase 1 buyers originated from Europe, underlining strong cross-border investor confidence in the project and the emirate’s long-term potential.
Mohammad Rafiee, Chief Executive Officer of Richmind Development, highlighted that London remains a strategic hub for globally mobile investors seeking early exposure to architecturally distinctive residential developments in high-growth international destinations.
About Oystra
Oystra is a waterfront residential development on Al Marjan Island, Ras Al Khaimah. Designed by Zaha Hadid Architects, the project includes interiors by Hirsch Bedner Associates, landscape architecture by Cracknell, and local consultancy by Dewan Architects + Engineers.
The scheme features:
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Signature one- to three-bedroom residences
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Ultra-luxury penthouses
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Private waterfront villas with pools and direct marina access
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Total units across the development: thoughtfully designed for privacy and community
Completion is expected in Q2 2029, timed to coincide with the full opening of surrounding hospitality and leisure facilities.
About Richmond Development
Richmond Development is a UAE-based ultra-premium real estate developer specializing in design-driven projects that combine architectural distinction with long-term investment fundamentals.
The company collaborates with internationally recognized partners to deliver landmark residential destinations across emerging luxury markets. Its strategy focuses on:
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Prime waterfront locations
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Globally respected architecture and design partners
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Hospitality-integrated living concepts
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Smart, sustainable, and long-term value creation
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Projects recognised for design excellence and lifestyle appeal
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London Showcase Details
Investors and real estate professionals can visit the Oystra showcase at Harrods, Knightsbridge, throughout February 2026. The showcase offers:
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Detailed project insights
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Interactive 3D models and VR experiences
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On-site investment consultations
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Direct engagement with the development team
