LONDON, February 2026 — As investor attention increasingly shifts toward emerging waterfront destinations in the Gulf, UAE developer Richmind Development has chosen London to introduce its flagship residential project Oystra, presenting the scheme through a month-long private showcase at Harrods, Knightsbridge.
The exhibition follows the sell-out of the project’s first phase and reflects growing European interest in Ras Al Khaimah, an emirate rapidly gaining recognition for its combination of coastal scarcity, tourism growth and large-scale leisure investment.
Positioned near Door 6 throughout February, the installation offers London-based investors and family offices an opportunity to explore a development that blends architectural experimentation with long-term investment fundamentals.
Architecture as identity, location as strategy
Designed by Zaha Hadid Architects, Oystra introduces a fluid, sculptural approach to waterfront living on Al Marjan Island, supported by interiors from Hirsch Bedner Associates (HBA), landscape design by Cracknell and regional consultancy by Dewan Architects + Engineers.
Beyond design credentials, the project’s strategic appeal lies in its proximity to the upcoming Wynn Resort, widely regarded as a catalyst development expected to accelerate tourism, hospitality and real estate performance across the emirate.
Residential scarcity driving investor interest
Oystra’s residential offering ranges from one- to three-bedroom apartments starting at £675,000 to ultra-prime penthouses and private villas exceeding £18 million, targeting both lifestyle buyers and long-horizon investors.
Amenities emphasise experiential living, including a panoramic infinity pool, curated beachfront environments and hospitality-led interiors designed to support both personal use and future rental positioning.
With completion expected in Q2 2029, the development reflects early-stage entry into a market transitioning from emerging destination to established luxury coastal hub.
A market entering its growth cycle
Ras Al Khaimah’s investment narrative continues to strengthen as tourism expansion, infrastructure upgrades and international partnerships reshape its coastal identity. Visitor numbers surpassed 1.2 million in 2023, with sustained growth contributing to increased real estate demand and heightened developer activity.
Richmind Development indicates that European buyers accounted for more than half of Phase 1 sales, underlining cross-border confidence in both the project and the emirate’s long-term trajectory.
Mohammad Rafiee, Chief Executive Officer of Richmind Development, described London as a natural platform for introducing architecturally distinctive projects to globally minded investors seeking exposure to emerging luxury destinations.
About Oystra
Oystra is a waterfront residential project 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 development includes apartments, penthouses and private villas, with completion anticipated in Q2 2029.
About Richmind Development
Richmind Development is a UAE-based real estate developer specialising in design-led residential destinations that combine architectural distinction with long-term investment positioning across emerging global luxury markets.
The Oystra showcase is open to investors at Harrods, Knightsbridge, throughout February 2026.
For more information: https://richmind.com/
