LONDON, February 2026 — UAE-based ultra-premium developer Richmind Development
has unveiled its landmark waterfront project Oystra in London through an exclusive monthlong showcase at Harrods, Knightsbridge, following the successful sell-out of the
development’s first phase and growing international investor interest.
Located near Door 6 throughout February, the activation introduces one of Ras Al
Khaimah’s most architecturally distinctive residential projects to London’s private
investors, family offices and real estate advisors, reflecting increasing European appetite for
emerging Gulf waterfront destinations.
Architectural distinction meets investment positioning
Designed by Zaha Hadid Architects, Oystra is positioned as a sculptural coastal residential
development on Al Marjan Island, combining contemporary architecture with hospitalityled living. Interiors are delivered by Hirsch Bedner Associates (HBA), landscape design by
Cracknell and local consultancy by Dewan Architects + Engineers.
The project benefits from its proximity to the upcoming Wynn Resort — the Gulf region’s
first integrated gaming and hospitality destination — reinforcing its location within one of
the UAE’s fastest-evolving leisure and investment corridors.
The Harrods showcase offers investors an immersive introduction to the project’s design
philosophy and long-term value proposition at a time when Ras Al Khaimah is rapidly
strengthening its global real estate profile.
Curated residences targeting long-term value
The development features a collection of one- to three-bedroom signature residences
starting from £675,000, alongside ultra-luxury penthouses and private waterfront villas
from approximately £18 million.
Amenities include a 360-degree infinity pool, curated beachfront experiences, a branded
beach club and hospitality-grade interiors, supporting both lifestyle appeal and long-term
capital appreciation potential.
Completion is scheduled for Q2 2029, positioning Oystra as an early-entry opportunity
within a destination undergoing significant transformation.
Ras Al Khaimah emerging as a global coastal investment hub
Ras Al Khaimah continues to attract international investment as tourism growth and largescale developments reshape its coastline. The emirate recorded more than 1.2 million
visitors in 2023, with sustained double-digit growth contributing to rising real estate
demand.
Richmind Development reports that over 50% of Phase 1 purchasers originated from
Europe, highlighting increasing cross-border investor confidence in both the development
and the emirate’s long-term trajectory.
Mohammad Rafiee, Chief Executive Officer of Richmind Development, noted that London
remains a strategic market for investors seeking architecturally distinctive projects within
emerging global destinations.
About Oystra
Oystra is a waterfront residential development on Al Marjan Island, Ras Al Khaimah,
designed by Zaha Hadid Architects with interiors by Hirsch Bedner Associates, landscape
architecture by Cracknell and local consultancy by Dewan Architects + Engineers. The
project includes signature residences, penthouses and private waterfront villas, with
completion anticipated in Q2 2029.
About Richmind Development
Richmind Development is a UAE-based ultra-premium real estate developer specialising in
design-led residential projects that combine architectural distinction with long-term
investment value. The company collaborates with internationally recognised partners to
deliver landmark developments across emerging luxury destinations.
Investors can visit the Oystra showcase at Harrods, Knightsbridge, throughout February
2026.
For further information: https://richmind.com/