La Mer By Elie Saab
Off-Plan

La Mer By Elie Saab

From AED 3.62M·Handover Dec 2028·20% down payment Payment
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AED 3.62M
Starting Price
Dec 2028
Handover
20% down payment
Payment Plan
1 BR · 3 BR
Type

Project Overview

La Mer By Elie Saab is a luxury residential complex presented by OCTA Properties, located on the coast of Al Marjan Island in Ras Al Khaimah. The developer is ARTE Developments in collaboration with the Elie Saab brand. The residential complex consists of three interconnected high-rise towers (Isles), with a common basement parking level. Isle 1 consists of a ground floor, a podium first level, and another seventeen floors in height with living residences and a unique set of amenities. The eighteenth floor is spread over numerous amenities. Isle 2 has sixteen levels with apartments. The seventeenth floor is taken up by a penthouse. Isle 2 and Isle 3 share a common ground level with villas. Residences in Isle 3 are on floors two to sixteen, and the penthouse is on level seventeen. Isle 1 and Isle 2 are connected on levels three and eight, while Isle 2 and Isle 3 are connected on levels two and eleven accordingly. There are one- to four-bedroom apartments, as well as penthouses and villas. The interiors have high-quality designer finishes, and the kitchens are equipped with high-end appliances. The complex provides a wide range of amenities, such as landscaped pools, cafes and restaurants, retail, and much more. It is just 3 minutes away from Wynn Al Marjan Island, with the UAE's first hotel with a casino. It takes about 30 minutes from RAK International Airport. Drive to Dubai takes about an hour.

Project Specifications
DeveloperARTE Developments
LocationAl Marjan Island
Unit Types1 BR, 3 BR, 4 BR, 5 BR, Apartments, Penthouse, Villa
AreaAl Marjan Island
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 156,155 / year
Cash-on-Cash
2.2%
Levered cashflow AED 36,732
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 235,228 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
La Mer By Elie Saab launch basis4,021AED 3.62MCurrent launch / asking basis
Al Marjan Island ready-stock comps1,500AED 1.35MIndicative resale benchmark
Al Marjan Island premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from ARTE Developments.

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Payment Structure

20% down payment

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Amenities & Lifestyle

BBQ
Central A/C
Children’s pool
Cinema
Club house
Concierge Service
Covered Parking
Covered gym
Coworking zone
Dining outlets (coffee houses & restaurants)
Infinity pool
Kids Play Area
Landscaped garden
Landscaped park
Laundry
Leisure areas
Lift
Lobby
Meditation zone
Parking
Private beach access
Recreational areas
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym
Shared gym & fitness
Smart home
Social zone
Sports ground
Storage Areas
Walking paths
Yoga studio

Location

Al Marjan Island

Nearby Destinations

Dubai Miracle Garden — 5 mins
Butterfly Garden — 5 mins
Mall of the Emirates — 12 mins
Dubai Hills Mall — 10 mins
Al Marjan IslandAl Marjan IslandDubai, UAE

Developer Track Record

01

La Mer By Elie Saab by ARTE Developments

02

Located in Al Marjan Island

03

Starting from AED 3,618,888

04

Unit mix includes 1 BR, 3 BR, 4 BR, 5 BR

05

Expected handover: Dec 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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