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Dh200 million boutique residential project launched on Al Marjan Island

Ola Residences are anticipated to be ready for handover in the first quarter of 2027

Published: Sun 12 Jan 2025, 9:35 PM

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Lacasa Living, the boutique development arm of Lacasa Architects & Engineering Consultants, announced the launch of Ola Residences at Al Marjan Island.

This residential project, valued at Dh200 million, is set to add to the rapidly growing demand for properties in Al Marjan Island Ras Al Khaimah, with an expected handover in Q1 2027.

Ola Residences will feature two basement levels, a ground floor, seven apartment floors, and rooftop amenities. The project comprises 96 fully furnished apartments, evenly split between studios and one-bedroom units. The average area for a studio is 390 sq. ft, leading up to one bedroom apartments sized at 820 sq ft and the more plush one bedroom apartments with a private pool spanning 1,289 sq ft. The prices start from Dh1.18 million, with a payment plan structured at 40% during construction and 60% upon completion.

“We are very excited to launch Ola Residences, which will be our first project for boutique residential apartments. As architects we have always put precision and design at the heart of all our projects and Ola Residences brings the best of our creativity in every element. Each aspect of the space serves a purpose that inspires connection, belonging, and beauty, just as we believe is the core of Lacasa Living” emphasised Emad Jaber, Chairman of Lacasa Living.

Backed by the expertise of Lacasa Architects & Engineering Consultants, Lacasa Living brings over 400 professionals together to craft thoughtfully designed spaces that blend timeless aesthetics with innovative solutions. Ola Residences is a reflection of this dedication, combining superior craftsmanship with a commitment to fostering vibrant communities.

“We chose to be in Al Marjan Island as the location has a growing focus on tourism and opportunities for residential development, especially near coastal areas. It is perfectly tailored to every preference, whether you are chasing thrills, seeking relaxation, or creating family memories. The project’s design blends nature and artistry. Our amenities are crafted to elevate every aspect of life. Every detail, from the cohesive design to the inspired living experience, reflects our core philosophy of creating spaces that enhance human experiences,” says Eng. Ahmad Jaber, CEO, Lacasa Living.

Designed for both residents and investors, Ola Residences is equipped with short-term rental readiness, complete with locker storage. The state-of-the-art fitness centre with large ocean-facing windows, as well as sauna and steam rooms are perfect for wellness enthusiasts. Families can enjoy dedicated spaces such as a kids’ play area and pool, residents can avail co-working spaces, storage facilities, and in-house laundry services for added convenience and flexibility for all residents.

Lacasa Living has partnered with One Broker Group, to prioritise the sales interest of end users and investors for the newly launched bespoke Ola Residences. Looking ahead, Lacasa Living has outlined an ambitious growth trajectory, with six projects already designed and ready for development. The company projects Dh1.2 billion in project values for 2025, Dh2 billion for 2026, and Dh3 billion for 2027. Each project will emphasize ready-to-move-in properties that combine bespoke design and boutique living in a functionality, community-centric environment.



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