The Luxe Developer

The Luxe Developers is a UAE real estate company focused on high end waterfront residences, with its current development activity concentrated on Al Marjan Island in Ras Al Khaimah. Rather than building across numerous communities and property sectors, the company has taken a more selective approach, using a small number of large residential schemes to establish its position in the emirate’s growing luxury market.

The business was established by Shubam Aggarwal and Siddharta Banerji. Aggarwal serves as chairman, while Banerji is co owner and managing director. Both came into property from backgrounds in technology and enterprise software, bringing experience in entrepreneurship, systems and technical problem solving to the company. The Luxe Developers’ public company profile lists the business as having been founded in 2022.

Its strategy is centred on architecture, detailed interior design and collaboration with specialist consultants rather than rapid expansion through a large number of launches. This is particularly visible in the partners selected for its current work. La Mazzoni brings together Dewan Architects + Engineers, HBA, Meinhardt and Cracknell across architecture, interiors, engineering and landscape design.

The company is headquartered at Ubora Office Tower in Business Bay, Dubai, although its actual residential development footprint is currently in Ras Al Khaimah. This distinction is important. The Luxe Developers should not be positioned primarily as a Dubai developer when its verified projects are both located on Al Marjan Island.

Its approach also differs from companies built around large numbers of standard apartment towers. The Luxe Developers has so far concentrated on waterfront residences with a strong emphasis on privacy, architecture, interiors and larger luxury homes. Apartments remain an important part of the offering, but its schemes also include duplexes, penthouses, villas and highly limited residences at the top end of the market.

This relatively focused track record means the company is still young compared with many established UAE names. Its reputation therefore rests primarily on the execution of its first developments rather than decades of completed communities. That makes construction progress and eventual handover particularly important as the business moves into its next stage of growth.

The Luxe Developers Projects in Ras Al Khaimah

The Luxe Developers projects in Ras Al Khaimah are currently centred on two verified developments: Oceano and La Mazzoni. Both are positioned on Al Marjan Island, but they represent different stages in the company’s evolution.

Oceano was the company’s first major project and remains its flagship. The twin tower waterfront scheme introduced The Luxe Developers to the Ras Al Khaimah market and established the architectural direction that continues to shape the brand. The development is fully sold out, with the developer continuing construction and interior works during 2026.

The project also pushed the company into the ultra prime segment through The Celest and The Stellar sky villas. Their combined sale value exceeded AED 180 million, giving Oceano particular visibility within the Al Marjan Island luxury market.

La Mazzoni represents the next stage. The waterfront residence expands the company’s offering with fully furnished apartments alongside duplexes, penthouses and more limited villa style homes. Wellness, landscaping and flexible spaces play a stronger role in the concept, while completion is currently scheduled for the fourth quarter of 2028.

LuxuryProperty.com has a dedicated La Mazzoni at Al Marjan Island project page, giving buyers direct access to the current project details while allowing this company profile to remain focused on The Luxe Developers itself.

Construction is also visibly progressing. By 30 July 2026, soil improvement works at La Mazzoni had been completed, while piling, shoring and excavation were advancing across the site. That provides more meaningful evidence of current activity than simply treating the development as an announced future launch.

The wider location is central to the company’s strategy. Properties for sale on Al Marjan Island now cover an expanding mix of resort residences, branded developments and beachfront homes, placing The Luxe Developers within one of Ras Al Khaimah’s most active property markets.

For purchasers comparing The Luxe Developers properties for sale with the wider market, apartments for sale in Ras Al Khaimah provide a broader view of established and upcoming residential opportunities across the emirate.

The Luxe Developers remains a comparatively focused company, and that is an important part of its current identity. Rather than spreading its attention across numerous UAE communities, it has built its early reputation around two substantial Al Marjan Island schemes. Oceano established the brand, while La Mazzoni is now carrying that strategy forward through the company’s active off plan pipeline.