Overview

Richmind Development is a UAE-based real estate developer focusing on residential communities and lifestyle-oriented developments. The company has positioned itself as a dynamic off-plan property developer within emerging property markets in the UAE, including Ras Al Khaimah — where it is gaining recognition for its valued lifestyle and destination residential projects.

Richmind’s strategy centers on quality design, strategic locations, and community-focused living environments that appeal to both investors and residents. Its portfolio combines accessibility with long-term growth potential, particularly in markets where tourism and urban development converge.

Key Facts & Numbers 

• Developer Name: Richmind Development

• Headquarters: United Arab Emirates

• Market Focus: Residential development, lifestyle-oriented communities

• Primary RAK Project: Oystra – Al Marjan Island, Ras Al Khaimah

• Core Strategy: Targeted value growth in emerging residential zones
  
  

Primary Project — Ras Al Khaimah

Oystra – Al Marjan Island

Oystra is Richmind Development’s flagship residential project in Ras Al Khaimah, located on Al Marjan Island, one of the UAE’s most promising waterfront destinations.

Project Details

• Location: Al Marjan Island, Ras Al Khaimah — beachfront living with proximity to major tourism and lifestyle developments

• Project Type: Residential community with waterfront and resort-style amenities

• Unit Mix:

  • Studios

  • 1-Bedroom apartments

  • 2-Bedroom apartments

• Expected Delivery: Estimated 2027–2028 (indicative) — typical of mid-long-term developments on Al Marjan Island

• Highlights:

  • Panoramic sea views and beach access

  • Family-friendly design with community amenities

  • Integrated retail and leisure spaces (conceptual positioning)

📈 Market Relevance

Oystra is positioned as an accessible yet lifestyle-oriented residential community for buyers seeking:

• Entry to waterfront living in RAK

• Balanced price-to-amenities ratio

• Proximity to major attractions like Wynn Resort and integrated tourism infrastructure

Richmind Development – Zaha Hadid Architects Collaboration 

Richmind’s flagship project in Ras Al Khaimah — Oystra — is being designed in collaboration with Zaha Hadid Architects (ZHA), the internationally renowned architectural firm known for its fluid, futuristic, and sculptural designs. This partnership marks a major architectural milestone for the UAE’s real estate market, bringing ZHA’s iconic design language to Al Marjan Island’s premium waterfront district.

Key highlights of this collaboration:

• World-Renowned Design Partner: Zaha Hadid Architects brings its signature fluid and dynamic architectural style to Oystra — inspired by natural forms like the sea and sky, creating a landmark residential masterpiece on the waterfront.

• Luxury Branding & Design Legacy: This is one of the few UAE residential developments designed by ZHA, adding significant brand value, global recognition, and design prestige to the project.

• Integrated Architectural Masterpiece: The design includes sculptural forms, interconnected towers, and expansive terraces that maximize views and create a visually striking presence on Al Marjan Island.

• Enhanced Lifestyle Offering: Beyond residences, Oystra will feature a beach club, world-class spa facilities, a signature culinary concept at the highest point of the development, and the emirate’s first 360° infinity pool — all shaped around the architectural vision created with ZHA.

Why This Collaboration Matters for Buyers & Investors

✔ Design Excellence: ZHA is one of the most respected architectural practices in the world, known for shaping iconic buildings globally — adding rarity and value to Oystra as an investment asset.
✔ Global Credibility: Having a globally recognisable architect elevates the prestige of the development and enhances its appeal to international buyers.
✔ Market Differentiator: In a growing market like Ras Al Khaimah, architectural pedigree — especially by Zaha Hadid Architects — sets Oystra apart from more conventional projects.

Other Activities & Exposure

As of current public disclosures, Richmind Development’s core project spotlight is Oystra in Ras Al Khaimah. Unlike some larger developers with multiple national portfolios, Richmind’s strategy to date has been focused execution on high-impact developments rather than broad geographic diversification.

However, the company maintains:

• Active engagement with licensed real estate brokers in Dubai and RAK

• Off-plan project positioning across the UAE’s secondary markets

• Focus on projects with a delivered lifestyle appeal rather than just raw land plays

Market Position & Strength

Richmind Development positions itself as a mid-tier lifestyle builder that leverages:
✔ Rising demand for affordable beachfront living
✔ Strategic timing aligned with RAK’s tourism growth
✔ Design-forward, community-centric residential environments

Though not as large or diversified as legacy developers, Richmind’s advantage lies in targeted project focus and execution in localized growth corridors, particularly on Al Marjan Island where future demand is projected to rise sharply.

Why Buyers & Investors Choose Richmind

✔ Entry to waterfront ownership in one of RAK’s fastest-developing hubs
✔ Affordable lifestyle proposition relative to ultra-luxury segments
✔ Community-oriented amenities, appealing to families and long-term renters
✔ Proximity to major entertainment investments (Wynn, future attractions)
✔ Located in sectors with potential capital appreciation tied to tourism infrastructure