Ola Residences by Lacasa Living Development

Ola Residences is a luxury 7-storey residential building by Lacasa Living, which is located on the stunning Al Marjan Island in Ras Al Khaimah. The project features a total of 96 fully furnished studios and 1-bedroom apartments.

The area of the property varies from 382 sq. ft to 1,478 sq. ft. Some 1-bedroom apartments will have private pools. Residents will be able to enjoy a wonderful view of the sea and the island.

The complex includes premium recreational and entertainment locations, such as separate pools for adults and children, a rooftop bar, a coworking space, a playground, a steam bath and a sauna.

Ola Residences is located just a 7-minute drive from the upcoming gambling and entertainment complex, Wynn Al Marjan Island, which will house the UAE's first casino. There are many premium restaurants and 5-star resorts nearby. It takes about half an hour to drive to Ras Al Khaimah International Airport.

Nearby there is Al Hamra Golf Club, which is the main golf course in Ras al Khaimah and the only one in the northern emirates where the DP World Tour is held. Al Hamra Mall offers more than 120 shops, a variety of restaurants, a Spinneys supermarket, as well as the RAK Medical Center – Al Hamra medical center.

There are Al Jazeera and Al Maya supermarkets and educational institutions within a 10-minute drive from the complex, including Al Ghadeer Kindergarten, Little Treasures Nursery and RAK Academy – British School Al Hamra. Sports lovers will appreciate Al Jazeerah Al Hamra Cultural Sports Club.

Real estate in Ola Residences is ideal for investors — you will be able to rent it out and receive a stable passive income. As of Q1 2025, the ROI on Al Marjan Island is about 6%, and the rental price is from AED 42K (USD 11K) per year. These figures underline the high investment potential of the complex.

When buying a property in Ola Residences priced from AUD 2M (USD 545K) you will be able to apply for a 10-year Golden UAE Visa. It also applies to your spouse, children and staff.