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Richmind brings first Zaha Hadid residences to Ras Al Khaimah
Diversified conglomerate set to debut in the UAE's booming luxury real estate market
- PUBLISHED: Mon 21 Apr 2025, 6:36 PM
Richmind Holding, a diversified conglomerate, has announced its foray into the UAE’s booming real estate market. Its first project will be at Ras Al Khaimah’s Al Marjan Island, where it will launch the emirate’s first Zaha Hadid residences
“We do recognise UAE as a global hub for luxury real estate and therefore an ideal destination for pioneering architectural projects,” said Mohammed Rafiee, CEO, Richmind.
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Excerpts from an interview:
What inspired Richmind to enter the UAE market at this time?
While our entry into the premium development space for ultra-niche real estate products is a new venture for us, we are a flagship business vertical of Richmind Holding which has had a global presence including the UAE. With a growing demand for ultra-premium living experiences and a strong international investment appetite, the timing is perfect to introduce our transformative approach to authentic luxury living. Our first project at Al Marjan Island will be a testament to our commitment to setting new benchmarks in the industry.
How does Richmind differentiate itself in the ultra-luxury real estate segment?
At Richmind, we believe luxury goes beyond aesthetics—it’s not about creating structure but more about creating an artful and meaningful living experience. We focus on craftsmanship, originality, and design philosophies that elevate real estate into a lifestyle. By collaborating with globally renowned architects like Zaha Hadid Architects, we ensure that our projects offer a distinctive blend of artistry, functionality, and enduring value.
Why was Al Marjan Island chosen as the location for Richmind’s first UAE project?
Al Marjan Island is a thriving waterfront destination with an exceptional natural setting that aligns perfectly with our vision for ultra-premium living with nature as an inspiration. The island’s rapid growth, strong tourism appeal, and high-end real estate potential make it the ideal canvas for our flagship project. Our partnership with Marjan reflects a shared ambition to bring an iconic, world-class development to this prestigious location.
What makes Richmind’s collaboration with Zaha Hadid Architects unique?
Our collaboration is rooted in a shared passion which was built over numerous conversations towards a synchronised goal for excellence and elegance. Our project with Zaha Hadid Architects will be the first project of its kind to be located in Al Marjan Island, who are known for pushing the boundaries of design, and together, we are creating a masterpiece that seamlessly integrates with Al Marjan’s landscape. This partnership is a fusion of visionary creativity and meticulous planning, resulting in a landmark project that embodies both aesthetic brilliance and functional elegance.
What types of residences will be available in Richmind’s Al Marjan Island project?
The development will feature a diverse mix of luxury residences, including apartments, villa, duplexes, and penthouses. It will also be home to globally renowned beach club and spa brands, as well as the latest location for a celebrated and established culinary concept that will be set at the highest point of the development, surrounded by Ras Al Khaimah’s first and only 360° infinity pool, offering some of the best views on Al Marjan Island. More details about the property will be unveiled soon.
How does Richmind ensure long-term value for investors and residents?
Our projects are designed to be timeless, both in aesthetics and value. By prioritizing quality, unique architecture, and premium locations, we create properties that are bound to appreciate over time and stand above the clutter in the market. Investors will benefit from strong capital growth, while residents enjoy an elevated lifestyle that remains exclusive and unparalleled in the market.
What type of investment is Richmind bringing into the UAE real estate market?
We are making a substantial investment in the UAE’s ultra-luxury real estate sector, focusing on high-value, design-led developments that enhance both the residential and economic landscape. By delivering over 1,000 premium units this year, we are actively contributing to the market’s growth while offering lucrative opportunities for investors seeking long-term appreciation and unmatched lifestyle value.
What’s next for Richmind after the Al Marjan Island project?
Our vision extends beyond a single development. We have an ambitious pipeline of projects that will continue to push the boundaries of ultra-luxury real estate, both in the UAE and beyond. With over 1,000 units set to enter the market this year, Richmind is just getting started in redefining the future of premium living.