Ras Al Khaimah is poised to enter the ultra-prime real estate market with an unprecedented residential development targeting the world’s wealthiest individuals. Dubai-based developer Innovate Living, in collaboration with luxury hospitality brand Omoria, is preparing to unveil a limited collection of Sky Villas on Al Marjan Island, with industry speculation indicating price points reaching approximately $100 million per residence.
The project represents a strategic move to capture a previously unaddressed market segment—billionaire buyers whose requirements extend beyond conventional luxury properties. The development is expected to feature exclusive beachfront positioning with panoramic sea views, offering exceptional privacy, substantial scale, and long-term asset value preservation.
This initiative emerges as Ras Al Khaimah undergoes significant transformation, attracting global hospitality brands, large-scale entertainment operators, and international investors. The emirate’s coastline is rapidly evolving into one of the UAE’s most closely monitored property destinations, yet until now, no developer has delivered residences specifically designed for the ultra-wealthy segment.
Industry analysts note that Innovate Living and Omoria envision Ras Al Khaimah developing into a coastal enclave comparable to Europe’s most refined Riviera destinations, characterized by concentrated wealth, seclusion, and highly selective real estate offerings. The developer has previously demonstrated expertise in this niche market through successful ultra-prime projects on Palm Jumeirah and other premium locations.
While official specifications remain undisclosed, market sources anticipate a meticulously controlled launch process with ownership opportunities restricted to a small, pre-qualified buyer pool. This approach aligns with the project’s targeting of individuals operating beyond traditional high-net-worth parameters and reflects the exceptional exclusivity of the development.