Properties for Sale in Al Marjan Island
Projects in Al Marjan Island
About Al Marjan Island area
Al Marjan Island is an artificial island located on the coast of the Arabian Gulf, which belongs to the emirate of Ras Al Khaimah. It consists of four small sections that were designed to form a coral shape. The communities of Umm Al Quwain, Al Hamra Village, and Mina Al Arab are adjacent to the island.
Properties include apartments, penthouses, duplexes, land plots, and hotel apartments that are available to buy and rent. The area provides first-class recreational facilities and primarily caters to tourists. Residents and visitors can enjoy entertainment venues for all ages, and the neighbourhood is suitable for those looking to enjoy an active lifestyle.
The region is home to several smaller communities, which include the following islands.
- Breeze Island is the closest island to the mainland. It is home to upscale hotels that are surrounded by landscaped areas and a coastal promenade.
- Treasure Island has many residential projects, as well as the Marjan Island Resort and Spa, a new hotel under the French brand Accor.
- Dream Island is connected to Treasure Island by a bridge, and its development is still ongoing.
- View Island is the most developed island in the area and is circular in shape.
Infrastructure and location
The Al Marjan Island area offers all of the necessary facilities to enjoy a resort holiday. Visitors have easy access to Sheikh Mohammed Bin Salem Road. From there, Al Marjan Is Boulevard can be reached, which provides a link to Breeze Island and Treasure Island. Ras Al Khaimah International Airport and the American University of Ras Al Khaimah are situated within a 30-minute drive of the island.
Al Marjan Island is home to the XclusiV Nightclub, Fresh Plus Grocery & Cafe, Zoom Supermarket, Jungle Gym, and Solomed Pharmacy of Rixos Bab Al Bahr. Dining options include Amouage Lounge & Terrace and Al Liwan Restaurant. There is also a pirates club, several playgrounds, sports fields, tennis courts, and an embankment with jogging paths. Residents and guests prefer to travel around the island using personal vehicles and cabs.
The community is also located within a 10- to 15-minute drive of several popular destinations, including:
- Al Hamra Mall
- Umm Al Quwain – Beach Side
- Bard Al Madeena Hypermarket
- Al Hamra Cellar Liquor Store
- Al Hamra Marina & Yacht Club
- Al Hamra Nursery
- Pets Oasis RAK
- Zainab School for basic and secondary education
- Aljazeera Health Center
- Al Jazira Al Hamra Sports and Cultural Club
Economic appeal
Al Marjan Island is an attractive tourist destination, which makes it suitable for short-term renters. Visitors have access to many family-friendly facilities to ensure a comfortable stay on the island. Properties can also be rented out on a long-term basis to larger families who wish to stay in a coastal area.
Al Marjan Island offers many profitable real estate investment opportunities. Studios have a return on investment rate of 7.7%. Two-bedroom apartments have a return rate of 7%. One-bedroom apartments have a return rate of 6.8%, and three-bedroom units have a return rate of 3.1%. Annual rental rates range from AED 20,000 (USD 5,000) to AED 101,000 (USD 27,000).
Fully furnished hotel apartments are a convenient option for investors. Their management is handled by the hotel, and the owner can earn a steady income minus the cost of maintenance and taxes. In addition, foreign buyers should take into account the area’s freehold status, which means that buyers can retain full ownership of a property.
*The price is valid for 2024
Top property projects
Al Marjan Island’s most popular projects are coastal complexes, such as Pacific, Bab Al Bahar, and Marjan Island Resort & Spa.
Pacific offers studios and one- to two-bedroom apartments that range in size from 445 sq. ft. to 1,650 sq. ft. Units range in price from AED 255,000 (USD 70,000) to AED 3,000,000 (USD 620,000). The complex was developed by Select Group and consists of six 10-storey buildings that have a total of 1,400 residential units. Residents and guests have access to swimming pools, modern gyms, and sports fields.
*The price is valid for 2024
Bab Al Bahar is home to apartment buildings and Rixos Bab Al Bahr Hotel, a five-star property. The pyramidal shape of the buildings provides beautiful scenic views. Facilities include beaches, swimming pools, and a fitness centre. Studios, penthouses, and one- to three-bedroom apartments range in size from 448 sq. ft. to 3,515 sq. ft. and range in size from AED 275,000 (USD 75,000) to AED 2,900,000 (USD 790,000).
*The price is valid for 2024
Marjan Island Resort & Spa, a five-star property, offers studios, apartments, duplexes, penthouses, and hotel apartments that are available to buy. One- to three-bedroom properties range in size from 475 sq. ft. to 2,800 sq. ft. and range in price from AED 310,000 (USD 84,000) to AED 2,500,000 (USD 680,000). Residents and guests can enjoy upscale amenities, including an enclosed sandy beach, swimming pools, and a health club.
Plots of land on Al Marjan Island range in size from 29,907 sq. ft. to 545,000 sq. ft. and range in price from AED 3,000,000 (USD 817,000) to AED 87,500,000 (USD 23,800,000).
*The price is valid for 2024
Attractions
Al Marjan Island’s main attraction is the Al Marjan Island Corniche. The palm-lined, sandy shoreline provides scenic views of the Arabian Gulf. It’s an ideal place to enjoy a picnic or an evening stroll. The promenade also has a children’s playground, a jogging path, and various cafes.
The Happiness Festival is held annually on the island and has become one of the most important events in the area. The festival includes various shows and performances, as well as themed areas, such as a classic car exhibition.
The Orun Marine Sports Club is the hub of aquatic sports in the area. Activities include jet-skiing, parasailing, and kayaking. Boats are also available to rent, and diving enthusiasts can take part in lessons and training courses.
Metropolitan Premium Properties
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