The Stellar Oceano, Al Marjan Island: A Six-Bedroom Apartment at AED 90 Million
The Stellar Oceano is a residential project by The Luxe Developers, located on Al Marjan Island in Ras Al Khaimah. The building offers six-bedroom apartments at a fixed price of AED 90 million. At that figure, this targets a very specific buyer, and it is worth being clear about who that is before going further.
Al Marjan Island: What the Location Means in Practice
Al Marjan Island is Ras Al Khaimah's primary waterfront development zone, with hotels, residences, and leisure facilities distributed across the island. The Oceano sub-location places The Stellar Oceano within that residential cluster.
For buyers commuting to or from Dubai, Al Marjan Island sits roughly 45 to 60 minutes by road, depending on traffic and destination. That is within range for a second home or a primary residence for households that prefer a lower-density setting than Dubai's urban core.
Day-to-day convenience is built into the island itself. Restaurants, leisure venues, and hospitality infrastructure are a short drive or walk from most residential addresses on Al Marjan. The pace is quieter than a city centre, but residents are not isolated.
AED 90 Million: One Price, One Product
The asking price is AED 90 million, and there is no range to parse. One unit type is on offer: a six-bedroom apartment (Layout Type 1). That combination of configuration and price removes this project from the standard per-square-foot comparison exercise.
This is a large-format private residence at the top of the RAK market. The buyer is not running yield calculations or comparing entry prices across unit sizes. At this level, what matters is the building quality, the waterfront position, and whether the developer delivers the finished product to spec.
What the Amenities Tell You About the Building
| Category | Facilities |
|---|---|
| Recreation | Gymnasium, Indoor Swimming Pool, Barbecue Area |
| Green Space | Landscaped Gardens |
| Family | Children's Play Area |
| Dining | Restaurants |
| Security | CCTV Security |
The indoor swimming pool is the detail worth catching. In the Gulf climate, an outdoor-only pool becomes impractical during the hottest months. Indoor access removes that seasonal constraint entirely. Combined with on-site restaurants and a gymnasium, the amenity set supports daily living without leaving the building.
The children's play area and CCTV security signal a family-oriented residential building rather than a short-stay or serviced-apartment operation. The landscaped gardens add a green buffer in a waterfront development context. Overall, the amenity set fits a household that wants comfort and self-contained convenience as standard.
On the Cusp of Handover
Construction started in August 2024. The expected completion date was 1 July 2026, which has now passed. This project is either in its final completion stages or recently handed over.
A buyer entering now is not carrying the timeline risk that applies to a long-running off-plan development. The construction phase is essentially complete. The remaining steps are documentation and transfer, not a multi-year wait.
Getting In for 20%
| Payment Stage | Percentage |
|---|---|
| Down Payment | 20% |
| During Construction | 60% |
| At Handover | 20% |
The entry cost is AED 18 million at signing. The construction tranche, AED 54 million, covers the build period. The final AED 18 million falls at handover.
Given the project is at or past its completion date, a buyer entering now would compress the construction-phase payments into a short window. Those tranches and the handover payment could land in quick succession. There is no post-handover plan; the full AED 90 million clears at handover.
For a buyer at this price level, the structure is straightforward. Twenty percent in at the start, the balance through completion. No deferred obligations once the keys are transferred.