RICHMIND DEVELOPMENT "Oystra Tower B" (Al Marjan Island) — SKID Screen 68/100

Key information

Delivery date: Dec 2029
Location: Ras Al Khaimah, Al Marjan Island, RICHMIND DEVELOPMENT "Oystra Tower B"
Payment plan: On request
Property types: Apartment
Government fee: 4%
Ownership type: Freehold
Starting price / sq.ft: AED 3,859 / sq.ft
Unit sizes: From 765 sq.ft
SKID score: Pending

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Payment plan

Milestone payment plan available on request

Simulate custom installment schedules or request the latest developer rate card.

Project timeline

Project announcement
Richmind Development official release
Booking & registration
Open for unit reservation
Construction phase
Active development
Expected completion
Dec 2029

About the project

Score unavailable: minimum verified factor coverage not met.

Strongest evidenced factor: location.

47 competing off-plan launches tracked in Al Marjan Island — potential handover competition

SKID tracks 47 competing off-plan launches in Al Marjan Island. While phased handovers and district demand may absorb new inventory, a concentrated pipeline increases potential competition among resale buyers at handover.

Amenities

Shared Pool
Leisure Areas
Dining outlets (coffee houses & restaurants)
Retail Outlets
Recreational Areas
SPA
Sitting Area
Waterfall
Outdoor Multipurpose Space
Landscaped Open Areas
Resting Areas
Concierge Service
Children’s Pool
Lobby
Infinity Pool
Valet Parking
Lift
Sauna
Pool Deck
Steam Room
Lounge
Bar
Covered Kids’ Play Area
Cabanas
Paddle court
Lagoon
Gaming Lounge
Lavish Sundeck
Yoga Studio
Outdoor Kids’ Play Area
Shared Gym
Cinema
Pets Allowed
Dog Walking Area
Pet Garden
Golf Simulator

Units

from developer

1 BR

Floor plan not published by source

765 sq.ft · AED 3,859 / sq.ft

From AED 2.95M

2 BR

Floor plan not published by source

Size on request

Price on request

3 BR

Floor plan not published by source

Size on request

Price on request

Floor plans & layouts

Floor plans not yet published by developer

Request the latest developer brochure and unit floor plan sheets on WhatsApp.

Request floor plans

Price comparison & DLD history

8-Factor Evidence Breakdown

4/8 factors backed by verified evidence (45% weight coverage) · skid-geo-v3.0-8factor

Insufficient evidence (N/A)

Historical DLD Transaction Context

Insufficient evidence — comparable sales benchmark unavailable

Insufficient evidence

No verified same-emirate transaction registry benchmark available for this emirate.

Not enough nearby closed sales yet for a historical DLD comparison

Without at least 3 recent closed sales of the same residential property type in this neighborhood, you cannot verify whether the developer's asking price is above or below market. Request recent transfer deeds in adjacent buildings before paying a booking deposit.

1. Published Asking Price

AED 3,859 / sq.ft.

AED 2,953,888 starting price · 765 sq.ft.

2. Historical Nearby Closed Sales

Not yet available

Recorded closed sales in this area

3. Spread vs Historical Median

—

Compared with recorded nearby sales

Get an available quotation

Select a verified unit bucket to inspect published pricing and payment milestones.

Official payment schedule is available on request from the developer. Open the calculator to inspect unit pricing and closing fees.

View full 8-factor score breakdown & recent DLD sales

Key takeaways before you buy

Plain-language summary of pricing, payment terms, and delivery outlook

Bottom Line

47 competing off-plan launches tracked in Al Marjan Island — potential handover competition

SKID tracks 47 competing off-plan launches in Al Marjan Island. While phased handovers and district demand may absorb new inventory, a concentrated pipeline increases potential competition among resale buyers at handover. (Potential Risk · Estimate — Potential Supply Risk)

Competing Supply (Potential Risk)

47 Launches

47 competing off-plan launches tracked in Al Marjan Island — potential handover competition

SKID tracks 47 competing off-plan launches in Al Marjan Island. While phased handovers and district demand may absorb new inventory, a concentrated pipeline increases potential competition among resale buyers at handover.

Why this matters: Future supply impact is a potential risk rather than a certainty: if multiple towers deliver in the same window, sellers may face longer marketing times or more competitive secondary resale pricing.

Developer Track Record (Incomplete Data)

History Incomplete

Incomplete historical delivery data for Richmind Development in catalog

Richmind Development is named on the launch, but SKID currently has 0 verified past-handover completion records in its catalog to evaluate historical on-time delivery performance.

Why this matters: An incomplete catalog record does not necessarily mean a developer has no prior projects elsewhere, but it introduces uncertainty—rely on verified RAK Municipality construction escrow milestones and independent due diligence.

Handover Horizon (Potential Risk)

~3.7 Yrs (2029-12)

Estimated ~3.7-year horizon until 2029-12 target handover (~44 months)

Target completion is scheduled for 2029-12. SKID does not assume or predict developer delays, but a ~3.7-year construction window carries potential schedule and market-cycle exposure.

Why this matters: Capital committed during construction remains illiquid until handover, and multi-year timelines carry potential exposure to contractor pacing, phased delivery, and market shifts.

SKID intelligence

How does this project compare across all 8 factors?

Evidence Coverage: 4/8 factors (45.5%)
Methodology: skid-geo-v3.0-8factor

How SKID scores & compares projects

Last evaluated: 2026-11-02

Strong

• Waterfront or beach positioning

Watch

• Handover is more than three years out

Risk

• Heavy competing supply: 47 other launches in Al Marjan Island
• Service charge published at 25

See all 8 scoring factorsWhy SKID gave it —

Why SKID gave it —

Location

Weight: 53.3%

8.7/ 10

Waterfront or beach positioning

Entry price

Weight: 18.2%

Insufficient evidence (N/A)

No verified same-emirate transaction registry benchmark available for this emirate

Developer

Weight: 18.2%

Insufficient evidence (N/A)

Supply / competition

Weight: 26.7%

3.6/ 10

Heavy competing supply: 47 other launches in Al Marjan Island

Payment plan

Weight: 12.1%

Insufficient evidence (N/A)

Delivery risk

Weight: 13.3%

6.4/ 10

Handover is more than three years out

Exit liquidity

Weight: 6.1%

Insufficient evidence (N/A)

Service charges

Weight: 6.7%

5.5/ 10

Service charge published at 25

Factor	Weight	Score
Location Waterfront or beach positioning	53.3%	8.7/ 10
Entry price No verified same-emirate transaction registry benchmark available for this emirate	18.2%	Insufficient evidence (N/A)
Developer Insufficient evidence (N/A)	18.2%	Insufficient evidence (N/A)
Supply / competition Heavy competing supply: 47 other launches in Al Marjan Island	26.7%	3.6/ 10
Payment plan Insufficient evidence (N/A)	12.1%	Insufficient evidence (N/A)
Delivery risk Handover is more than three years out	13.3%	6.4/ 10
Exit liquidity Insufficient evidence (N/A)	6.1%	Insufficient evidence (N/A)
Service charges Service charge published at 25	6.7%	5.5/ 10

Location

Ras Al Khaimah, Al Marjan Island, RICHMIND DEVELOPMENT "Oystra Tower B"

Interactive map ready (1 verified location)

· Al Marjan Island, Ras Al Khaimah

View project

Living in Al Marjan Island

Historical DLD Median

Area benchmark

Historical DLD Sample

DLD area records

Ownership

Freehold

Frequently asked questions

Is RICHMIND DEVELOPMENT "Oystra Tower B" a good off-plan investment in Al Marjan Island?

RICHMIND DEVELOPMENT "Oystra Tower B" in Al Marjan Island (Ras Al Khaimah) has a launch screen score of 68/100; full 8-factor scoring requires additional verified registry evidence. Score unavailable: minimum verified factor coverage not met. Strongest evidenced factor: location. Weakest: supply. Reviewed by SKID Investment Research Engine (as of 2026-11-02).

Who is building RICHMIND DEVELOPMENT "Oystra Tower B"?

Richmind Development is the developer named on this launch.

When is handover for RICHMIND DEVELOPMENT "Oystra Tower B"?

The published handover is Dec 2029.

What is the starting price of RICHMIND DEVELOPMENT "Oystra Tower B"?

The published starting price is AED 2.95M.

What does the SKID screen mean for RICHMIND DEVELOPMENT "Oystra Tower B"?

The SKID screen for this launch in Al Marjan Island is 68 out of 100. It ranks the published payment plan, handover date, starting price, and whether a developer is named. It is not a buy signal. Run the simulation before you reserve.