Ola Residence

Ola Residence is a fully furnished residential building by Lacasa Living, situated on Al Marjan Island in Ras Al Khaimah, with completion scheduled for Q1 2027.

# A Single Tower on a Man-Made Archipelago

Al Marjan Island is a four-island peninsula extending into the Arabian Gulf, developed over the past decade as Ras Al Khaimah's primary waterfront address. The emirate sits roughly an hour north of Dubai by road, and the island itself has attracted a concentrated mix of resort hotels, branded residences and low-rise apartment buildings, giving it a density profile quite different from Dubai Marina or Palm Jumeirah.

Ola Residence occupies a single building within this setting. The architectural language, according to Lacasa Living, draws from coastal forms: curvilinear lines intended to reference the shoreline rather than impose a corporate geometry on the site. Whether that ambition is fully realised will be clearer at handover, but the positioning within the island places the building 850 metres from Al Marjan Island Beach, a practical proximity rather than a marketing abstraction.

# Residences, Layouts and Furnished Specification

Sizes across the building run from 742 sq ft at the lower end to 1,340 sq ft at the upper, a range that covers one- and two-bedroom configurations suited to owner-occupiers and investors managing short-term lettings.

All units are delivered fully furnished. The developer references Italian finishing and equipped kitchens, and the inclusion of in-house laundry and storage lockers suggests the product has been calibrated partly for the short-stay rental market, where turnkey readiness matters to both operators and guests. Pricing sits between AED 2.11 million and AED 3.35 million, with a service charge of AED 18 per sq ft annually.

The furnished specification removes a common friction point for international buyers who want an asset that can generate income immediately after handover without a separate fit-out project.

# What the Amenity Offer Covers

The building includes a rooftop adults infinity pool, a separate kids pool area, a gym, a kids play area, a steam and sauna room, and a co-working space. That last facility is increasingly present in new Ras Al Khaimah developments, reflecting an owner profile that works remotely at least part of the year.

The amenity list is focused rather than exhaustive. There is no hotel-branded concierge or spa cited in the project facts, so buyers expecting that level of service infrastructure should factor in what the surrounding island provides rather than the building alone.

# Al Marjan Island: Distances That Matter

Al Marjan Island Beach sits 850 metres from the building. The nearest nursery, Little Captain, is 140 metres away, a detail that will register clearly with families considering this as a primary residence rather than a holiday asset.

Al Hamra Mall, the district's main retail and dining hub, is 8.6 kilometres out. Ras Al Khaimah International Airport is 38.4 kilometres away, a drive of roughly 35 to 40 minutes depending on traffic. That airport now has direct connections to a growing number of European cities, reducing the friction for buyers based in the UK or continental Europe who intend to use the property seasonally.

The Public Park on Al Marjan Island is 2.8 kilometres from the building, adding a green recreational option beyond the beach itself.

# Who Ola Residence Is Actually For

The combination of a furnished specification, a modest service charge for the format, and a location on an island that is still building out its full infrastructure points to two distinct buyer profiles.

The first is the yield-focused investor, typically based in the UK, Europe or the GCC, who wants a completed, lettable asset in a lower-cost emirate with lighter regulation than Dubai. Ras Al Khaimah has attracted attention in this regard since the announcement of Wynn Al Marjan Island, the UAE's first licensed casino resort, which will sit on the same island. That project has pulled forward investor interest across the whole Al Marjan address, and Ola Residence sits within that demand field.

The second profile is the lifestyle buyer who wants a Gulf coast base without Dubai pricing or Dubai density. At AED 2.1 million entry, with a furnished apartment and beach access under a kilometre away, the proposition is straightforward. The building completes in Q1 2027, and the current sale status indicates available inventory has moved, which for a project still under construction is a reasonable signal of where market appetite sits.