The Luxe Developers, a leading real estate development firm based in the UAE, has introduced two ultra-luxurious residences, The Celeste and The Stellar, as part of their Oceano development on Al Marjan Island. Valued at over AED 90 million ($24.4 million) each, these properties set a new benchmark for opulence in Ras Al Khaimah's real estate market, catering to the growing influx of ultra-high-net-worth...

In a significant development, the Ras Al Khaimah government has elevated its ownership of RAK Properties from 5% to 34%, marking a strategic move to bolster the emirate's top real estate player. During the company’s annual general meeting on March 20, shareholders approved a substantial capital increase through the issuance of 920 million new shares, each with a nominal value...