Oceano on Al Marjan Island: Island Apartments from AED 5.3M
Getting In for 5% Down
The first number worth seeing here is the down payment: 5%. On an entry-level unit priced at AED 5,313,702, that translates to roughly AED 265,685 to secure the apartment. Even on the most expensive unit at AED 13,125,674, the initial commitment stays under AED 656,284.
| Phase | Percentage |
|---|---|
| Down Payment | 5% |
| During Construction | 65% |
| Handover | 30% |
The plan loads 65% of the total price into the construction period, with 30% held for handover. That handover portion is a large single payment. On the entry-level 2-bedroom, the handover amount reaches approximately AED 1,594,111. On a 4-bedroom at the top of the range, it climbs to about AED 3,937,702. The low entry barrier comes with a significant back-end obligation.
A Waterfront Project by The Luxe Developers
Oceano is an apartment development by The Luxe Developers on Al Marjan Island in Ras Al Khaimah. Al Marjan Island is a man-made archipelago extending into the Arabian Gulf off the RAK coastline. The island setting means most units face open water or coastline rather than neighboring towers.
Al Marjan Island sits about 45 to 60 minutes by car from Dubai. The location works for buyers who want waterfront living and can accept the trade-off of a longer drive to Dubai's commercial core. On the island itself, Oceano includes on-site restaurants and retail facilities, which cuts down trips to the mainland for daily needs.
What AED 5.3M to AED 13.1M Buys Here
Oceano's apartments range from AED 5,313,702 to AED 13,125,674. The entry point buys a 2-bedroom unit. The ceiling buys a 4-bedroom apartment. 3-bedroom units sit at approximately AED 7,038,326.
The price spread tells a clear story. The gap between 2-bed and 3-bed is about AED 1.7M. The jump from 3-bed to 4-bed nearly doubles that, adding roughly AED 6.1M. That steep premium at the top likely reflects larger layouts and more favorable positions within the building.
At AED 5.3M for an entry-level 2-bedroom on a man-made island, Oceano sits at the upper end of the Ras Al Khaimah residential market. 1-bedroom apartments are also part of the project.
Apartments from One to Four Bedrooms
Oceano offers one property type: apartments. Layouts span 1-bedroom through 4-bedroom configurations.
The 1-bedroom units suit investors or couples eyeing the island for a second home or rental income. The 2- and 3-bedroom layouts target small families or buyers who want a primary residence with room to live. The 4-bedroom apartments serve larger families looking for generous space in a waterfront location.
What the Amenities Cover
| Category | Amenities |
|---|---|
| Leisure & Outdoors | Community Park, Barbecue Area, Shared Pool |
| Health & Fitness | Gymnasium, Well-being and Fitness |
| Family | Children's Play Area |
| Convenience | Restaurants, Retail Facilities, Mosque |
| Security | CCTV Security |
The amenity package covers core residential needs. A shared pool, gymnasium, and dedicated fitness area form the lifestyle backbone. The barbecue area and community park point toward a development geared for families and long-term residents rather than short-stay guests.
On-site restaurants and retail facilities stand out for an island location. When the nearest mainland shops require a drive across the bridge, having daily essentials within the building carries more weight than it would in a city-center tower.
Two Weeks to Completion
Construction started in June 2023, with expected completion in June 2026. That puts handover roughly two weeks away. The project appears to have tracked its original three-year build timeline.
For a buyer looking at Oceano now, the near-complete status changes the equation. This is not a bet on a building that exists only in renders. The construction-phase payment milestones have largely passed, and the primary financial event ahead is the 30% handover payment. Buyers entering at this stage get a nearly finished product while still purchasing at off-plan terms.