Trade Arabia reported on 8 October 2026 that Richmind had reached a key construction milestone at Oystra, and highlighted the Richmind delivery commitment behind it.
The outlet, which describes Richmind as a UAE-focused real estate developer, gave particular space to comments from CEO Mohammad Rafiee on execution.
Rafiee on the Richmind Delivery Commitment
Rafiee framed the update around a single idea: a great design only matters if it is built well. "The difference between an exceptional design and a completed building lies in the discipline of execution," he said.
He added that Richmind wants to be known as a company that delivers what it commits to, with design quality and attention to detail at every stage.
The Milestone in Ras Al Khaimah
Richmind has completed the shoring works at Oystra on Al Marjan Island. According to Trade Arabia, this is a key step in the construction programme that prepares the site for the next stages and shows continued progress.
The developer says construction has kept a steady pace in recent months, with a focus on quality and timelines.
With the excavation secured, the project can move on to its next construction stages, ahead of a planned handover in 2029.
Investing in Client Experience
At the same time, Richmind opened its Experience Centre at Building 822, Jumeirah 3, designed by Gensler over 18 months.
"Working with Gensler, our ambition was to create a place where visitors can experience our approach to design, quality and personal service from the moment they arrive," Rafiee said.
- Shoring works complete at Oystra
- Experience Centre opened in Jumeirah 3, Dubai
- Centre designed by Gensler over 18 months
- Personal consultations with the Richmind team
- Regular construction updates promised
Why Delivery Is in Focus
Trade Arabia notes that luxury buyers in the UAE now look beyond architectural names. They want to see progress, transparency, financial strength and confidence that a project will be delivered.
Richmind says its strategy brings design, execution, visible progress and client engagement together.
The outlet adds that this shift is strongest among high-net-worth and international buyers, who now carry out more checks before committing to homes that are still under construction. Rafiee described the new centre as "an introduction to the level of care and consideration we are bringing to Oystra."
Earlier Milestones
Richmind has set out a steady sequence of steps for Oystra since its launch.
- April 2025: project launch in Dubai
- December 2025: groundbreaking and Phase 1 sell-out
- January 2026: Phase 2 launch
- October 2026: shoring complete and Experience Centre opened
Oystra and Ras Al Khaimah
According to the release, Oystra arrives as Ras Al Khaimah strengthens its position as a destination for luxury homes and waterfront living. The project sits next to Wynn Al Marjan Island, the UAE's first integrated resort.
About Oystra
Oystra is designed by Zaha Hadid Architects, with Dewan Architects + Engineers as lead design consultant, HBA on interiors and Cracknell on landscape. It won two industry awards in 2026.
Learn more in our overview of the Oystra project.
Common Questions
What did Mohammad Rafiee say about delivery?
He said the difference between an exceptional design and a completed building lies in the discipline of execution, and that Richmind aims to deliver what it commits to.
What milestone did Trade Arabia report?
Trade Arabia reported the completion of shoring works at Oystra on Al Marjan Island, Ras Al Khaimah.
Where is Richmind's Experience Centre?
It is at Building 822, Jumeirah 3, Dubai, and was designed by Gensler.
Trade Arabia published this article on 8 October 2026. Use the button below to read the full piece on the Trade Arabia website.
