Ola Residences

Ola Residences is a 7-storey residential building on Al Marjan Island, Ras Al Khaimah, developed by Lacasa Living Development. The project consists of 96 fully furnished studios and 1-bedroom apartments ranging from 382 to 1,478 sq ft. Select 1-bedroom units come with private pools and direct sea views.

Prices start from AED 1,180,000 for fully furnished studios and 1-bedroom apartments. The units are delivered furnished, so buyers do not need to budget separately for fit-out. Some private-pool 1BR units are larger and priced higher within the 96-unit inventory.

Ola Residences offers a 40/60 payment plan — 40% is paid during the construction phase and the remaining 60% is due on handover. With a Q1 2027 handover date, buyers have a manageable timeline to stage their payments across the construction period.

Handover is scheduled for Q1 2027. The project is currently off-plan, and with a 40/60 payment structure, buyers pay the majority of the purchase price only once the building is complete and keys are ready for collection.

The building includes separate swimming pools for adults and children, a rooftop bar, a coworking space, a children's playground, a steam bath, and a sauna. The compact 96-unit scale means these facilities are shared among fewer residents, keeping them less crowded than larger developments.

Ola Residences is a 7-minute drive from Wynn Al Marjan Island, the upcoming mega-resort that will house the UAE's first licensed casino. This proximity is a significant demand driver — both for short-term rentals targeting resort visitors and for long-term capital appreciation across Al Marjan Island.

As of Q1 2025, Al Marjan Island delivers around 6% ROI, with annual rents starting from AED 42,000 (approximately USD 11,000) per year. The Wynn resort opening is expected to increase tourism and short-term rental demand substantially, which could push yields higher before and after the Q1 2027 handover.

Yes — purchasing a property valued at AED 2,000,000 or above in Ola Residences makes you eligible to apply for a 10-year UAE Golden Visa. The visa covers the primary applicant and extends to their spouse, children, and domestic staff, offering long-term UAE residency rights.