Lacasa Living breaks ground on Ola Residences at Al Marjan Island
Lacasa Living, the boutique development arm of Lacasa Architects & Engineering Consultants, has officially broken ground on Ola Residences at Al Marjan Island in Ras Al Khaimah, together with One Broker Group as the exclusive sales partner. With a strong legacy in architectural innovation and thoughtfully designed communities, Lacasa Living is bringing its expertise to this $55 million (Dh200 million) development, setting a new benchmark for beachfront living with contemporary design, Italian finishes, and world-class amenities.
Unlike typical project timelines where groundbreaking follows months after launch, Ola Residences is moving ahead at record speed, setting a new standard in the industry. With an expected handover in first quarter of 2027, this flagship development reflects Lacasa Living's commitment to swift execution, high-quality construction, and an investor-first approach.
Located on Al Marjan Island, just five minutes from the upcoming Wynn Casino, the project features two basement levels, a ground floor, seven apartment floors, and rooftop amenities. The development comprises 96 fully furnished apartments, evenly split between studios and one-bedroom units. Studio apartments start at 390sqft, one-bedroom units at 820sqft, while select one-bedroom residences with private pools span 1,289sqft. Prices start from Dh1.18 million ($321,000), with the most attractive payment plan on the island — 40 per cent during construction and 60 per cent upon handover.
Expressing gratitude to all attendees and stakeholders, including Marjan, the master developer of Al Marjan Island, Ahmad Jaber, CEO of Lacasa Living, stated: "Breaking ground at Ola Residences is a reflection of our passion for architecture and dedication to delivering exceptional living experiences. The incredible response following the launch has reinforced our commitment to pushing boundaries, ensuring every detail seamlessly integrates comfort, elegance, and functionality.'
Emad Jaber, Chairman of Lacasa Living, said: 'We are thrilled to see this project take shape, turning our vision for Al Marjan Island into reality. With a design that balances nature and luxury, this development is set to create lasting value for investors and homeowners. More than just a project, it represents my passion for architecture, and I am dedicated to ensuring it exceeds the expectations of our stakeholders, investors, and homebuyers.'
Umar bin Farooq, CEO of One Broker Group, said: 'With the rising demand for premium residences in Ras Al Khaimah, Ola Residences is poised to be a game-changer. The rapid move from launch to groundbreaking demonstrates Lacasa Living's commitment to timely delivery, setting a new standard in the market. As the exclusive sales partner, One Broker Group is proud to bring this investment opportunity to end users and investors looking for a prime beachfront address.'
Craig English, managing director of One Broker Group, added: "This project underscores the power of collaboration and forward-thinking strategies in creating unparalleled value for our clients. It's an exciting time for real estate in Ras Al Khaimah, and we're honoured to be part of this transformative journey."
Ola Residences is designed with both homeowners and investors in mind, offering short-term rental readiness with dedicated locker storage. Residents can enjoy a rooftop infinity pool and bar, a state-of-the-art fitness centre with ocean-facing views, sauna and steam rooms, a kids' play area and pool, co-working spaces, and in-house laundry services for enhanced convenience.
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