Richmind
- Company typePrivate
- Founded2024
- HeadquartersDubai, United Arab Emirates
- Headcount51–100
- GTM typeB2C
- OfferingServices
Richmind firmographics
Firmographics- Name
- Richmind
- Legal name
- Richmind Projects Management LLC
- Website
- https://richmind.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Richmind industry classification
Industry- Product category
- Luxury Real Estate Development
- NAICS
- New Housing For-Sale Builders (236117)
- SIC
- Operative Builders (1531)
- akta.pro primary industry
- Luxury Villas & Residences Resorts (THAGACAM)
- akta.pro secondary industries
- Premium Condos, Penthouses & High-End Apartments (THAMAEAC), Luxury Beachfront & Waterfront Villas (THAMAEAE)
Keywords
Where Richmind is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices4 records
Markets served
Richmind business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Technology or R&D, Infrastructure
Revenue model
- Luxury Real Estate Sales: One-time property sales of ultra-premium residential units including one-bedroom apartments, penthouses, and villas at waterfront developments. Revenue generated from initial property sales at project completion.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | One-bedroom units starting from £675,000 |
| Unit Pricing | Multi-year contract | Penthouses and villas from £18 million |
| Unit Pricing | Multi-year contract | Ultra-luxury penthouses priced at approximately AED 75 million |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
Richmind product offering
Product offeringCore offering
Richmind develops and sells ultra-premium luxury residential properties, with its flagship project Oystra being a waterfront development on Al Marjan Island in Ras Al Khaimah, UAE, designed by Zaha Hadid Architects. The project comprises seafront residences including one-bedroom apartments, penthouses, and villas, supported by amenities such as spa, fitness club, landscaped terraces, indoor pool, kids' play area, and car parking. Sales are conducted through direct relationships with ultra-high-net-worth individuals and family offices, supplemented by a global network of registered broker channel partners.
Product overview
Richmind is a UAE-based ultra-premium property developer that creates luxury real estate with a focus on artistry, nature, and human-centred design. The company's primary product is the Oystra development on Al Marjan Island, Ras Al Khaimah, a Zaha Hadid Architects-designed waterfront residential project that represents their core offering in luxury seafront living. Richmind operates as a single focused developer rather than a platform with multiple modules.
Differentiator
Problem solved
Functional benefit
Products and services
- Oystra A luxury waterfront residential development on Al Marjan Island in Ras Al Khaimah, UAE, designed by Zaha Hadid Architects and developed by Richmind for ultra-high-net-worth individuals and family offices. The development features one-bedroom apartments (from £675,000), penthouses and villas (from £18 million), and Phase 2 ultra-luxury penthouses (around AED 75 million), with amenities including spa, fitness club, landscaped terraces, indoor pool, kids' play area, and car parking, and anticipated handover in Q2 2029. Phase 1 was fully sold out prior to Phase 2 launch.
Quantifiable outcome
- Phase 1 fully sold out, validating market demand
- +1 more outcomes
Companies that use Richmind
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
Richmind technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Richmind partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Zaha Hadid ArchitectscoreLead architectural consultant for Oystra development on Al Marjan Island. The partnership brings visionary architectural design to the waterfront project, creating a distinctive form that mirrors the fluid motion of tides, breeze, and sands. The design achieves architectural equilibrium without compromising on stunning form or practical function.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Richmind competitors and assessment
Company assessmentBroad incumbents
- Aldar Properties: Abu Dhabi's largest listed developer with a broad luxury and mainstream residential portfolio — comparable as a Gulf-based scaled luxury developer with international investors, though much larger and diversified.
- Emaar Properties: Largest UAE developer with luxury, premium, and mainstream residential projects across Downtown Dubai and beyond — a broad incumbent that competes for the same UHNWI buyer pool at scale.
- Meraas: Dubai Holding's lifestyle and real estate arm behind City Walk, Bluewaters, and ultra-luxury branded residences — comparable for design-led luxury and integrated destination-led positioning.
- Nakheel: Dubai-based master developer behind Palm Jumeirah and other island projects — relevant incumbent comparable for waterfront, island-based luxury masterplans.
Emerging players
- Ellington Properties: Design-led Dubai boutique developer focused on luxury residences with international buyers — closely comparable in design-led, brand-aware positioning and mid-sized scale.
Direct peers
- Select Group: Dubai developer of premium and luxury residential towers with strong international buyer base — comparable in product type (high-end apartments, penthouses, branded residences) and off-plan sales model.
- Omniyat: Dubai-based luxury developer specializing in high-end, design-led residences with international UHNWI buyers and major starchitect partnerships — the closest comparable to Richmind's positioning around Oystra.
- DAMAC Properties: Large Dubai-based luxury and ultra-luxury residential developer with global sales channels and branded residences — directly comparable on luxury end-user focus and international GTM.
Regional players
- RAK Properties: Master developer of Ras Al Khaimah with projects on Al Marjan Island and Mina Al Arab — locally focused but the most direct geographic peer given Oystra's RAK location.
- Vincitore Real Estate Development: UAE-based luxury developer building branded residences for international HNWIs — comparable on cross-border GTM and luxury apartment/penthouse product mix.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Richmind social profiles
Digital presenceRichmind financial estimates
Financial estimateRevenue estimate
Valuation estimate
Richmind leadership team
Management profileNumber of profiles
Profiles10 records
Richmind funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Richmind M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Richmind
What does Richmind do?
Richmind develops and sells ultra-premium luxury residential properties, with its flagship project Oystra being a waterfront development on Al Marjan Island in Ras Al Khaimah, UAE, designed by Zaha Hadid Architects. The project comprises seafront residences including one-bedroom apartments, penthouses, and villas, supported by amenities such as spa, fitness club, landscaped terraces, indoor pool, kids' play area, and car parking. Sales are conducted through direct relationships with ultra-high-net-worth individuals and family offices, supplemented by a global network of registered broker channel partners.
Is Richmind a public or private company?
Richmind is a private company. It is classified as corporate owned and is currently operating.
When was Richmind founded?
Richmind was founded in 2024. It employs 51 to 100 people.
Where is Richmind based?
Richmind is headquartered in Dubai, United Arab Emirates, in the Middle East region.
How does Richmind make money?
One revenue line is on record: luxury Real Estate Sales.
Who are Richmind's main competitors?
Broad incumbents on record are Aldar Properties, Emaar Properties, Meraas and Nakheel. Ellington Properties is listed as an emerging player. Direct peers are Select Group, Omniyat and DAMAC Properties. Regional players are RAK Properties and Vincitore Real Estate Development.
Does Richmind have an API?
No public API is recorded for Richmind.
What industry is Richmind in?
Richmind's product category is Luxury Real Estate Development. Its primary akta.pro industry code is THAGACAM, Luxury Villas & Residences Resorts, with a secondary code of THAMAEAC, Premium Condos, Penthouses & High-End Apartments. Its NAICS code is 236117 and its SIC code is 1531.