Al Marjan Island, Ras Al Khaimah
An artificial archipelago with unique investment prospects
The Al Marjan Island archipelago, consisting of four artificial islands, is part of the Emirate of Ras Al Khaimah – a 45-minute drive from Dubai. It is an elite resort with plenty of entertainment facilities, impeccable white-sand beaches, and breathtaking views of the azure sea. However, the main reason investment properties in Al Marjan Island are in high demand among local and foreign buyers is the construction of Wynn Resorts, the first casino resort in the UAE.
Projects in Al Marjan Island, Ras Al Khaimah
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About district Al Marjan Island
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Connected by bridges, the four islands include parking and charging stations for electric cars. The area has hotels, water parks, gardens, sports grounds, supermarkets, restaurants, and cafes. The total length of landscaped beaches is about 8 km. The construction of Wynn Al Marjan Island Resort, a marina for 300 yachts, and numerous residential complexes is still underway. There is access to Al Ittihad Road, which takes you to Dubai in 45 minutes.
Al Marjan Island is an archipelago of four artificial islands (Breeze, Treasure, Dream, and View) near Ras Al Khaimah. Al Marjan, which translates as “coral,” is a popular tourist area with leading five-star hotels of world chains. Wynn Resorts, the first casino resort in the UAE, is currently under construction on one of the islands and has an estimated cost of about $3.9 billion. The hotel tower will rise 305 m above the island.
Despite the high tourist demand, buyers can still find affordable housing in Al Marjan Island. Thus, a small studio is worth $150,000. A spacious three-room apartment of about 170 m² starts at $1 million. Elite villas with a sea view and a beach within walking distance cost an average of $7.5 million. The starting price for small townhouses is $740,000. Developers expect that the cost per square meter on the archipelago will increase after the opening of Wynn Resorts.
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Types of Housing in Al Marjan Island: Apartments, Villas, and Townhouses
You still have time to invest in off-plan properties in Al Marjan Island – the archipelago continues to develop. But there are also ready-made options. Studios are about $150,000, and a two-bedroom apartment with three bathrooms and an area of about 130-150 m² costs $340,000. Villas for sale in Al Marjan Island are available from $800,000, while the average price for a private house reaches $7.5 million. The cost of townhouses varies from $740,000 to $2.8 million.
Benefits of Owning Property in Al Marjan Island
Firstly, properties near Wynn Resort in Al Marjan Island inevitably increase in price with each passing day as this facility approaches completion. After the opening date scheduled for 2027, the resort’s management plans to attract 5.5 million tourists by 2030. Secondly, foreign investors can buy Al Marjan Island property without any restrictions. This community is a freehold zone with no taxes on personal income. Thirdly, the archipelago is attractive for living with a family: Al Marjan Island luxury homes occupy most of the coastline and have first-class infrastructure tailored for family vacations.
Why Buy a Property in Al Marjan Island
One of the reasons for choosing high-ROI properties in Al Marjan Island is the area’s developed resort infrastructure, including: · a water park near the Hilton hotel; · water sports complexes; · green walking routes and parks; · bars, restaurants, cafes; · 8 km of well-maintained beaches. The main upcoming projects here are Wynn Al Marjan Island Resort and a berth for 300 yachts. Al Hamra Mall is an 8-minute drive away. However, the archipelago already has everything you need for life thanks to its five-star hotels, including supermarkets, pharmacies, car rentals, etc.
How to Invest in Al Marjan Island Real Estate
You should contact Mira Estate to choose affordable waterfront housing in Al Marjan Island. Our experienced specialists will accompany the transaction from the beginning till the end. Our main goal is not to sell real estate but to organize a profitable investment for all our clients. We select properties carefully so that apartments and villas bring high profits to their owners. Mira Estate is also ready to help you move, apply for a visa, open a bank account, etc.
What might interest you
- What Are the Advantages of Investing in Al Marjan Island?
Al Marjan Island is a resort with a large tourist flow and is home to the best five-star hotels in Ras Al Khaimah. The influx of tourists will further increase due to the opening of Wynn Resorts – the first casino resort in the UAE. While the archipelago is still under active construction, you can make a successful investment at the lowest possible price.
- What Types of Properties Are Available in the Area?
The islands provide both multi-apartment residential complexes and villas with townhouses. Some properties are still under construction since the archipelago continues to develop. Al Marjan Island is also rich in various types of commercial real estate.
- What Are the Infrastructure Facilities of Al Marjan Island?
There are five-star hotels, water sports complexes, parks and water parks, sports grounds, supermarkets, pharmacies, and public and private beaches. There is an exit to Al Ittihad Road: Al Hamra Mall is 8 minutes away, Dubai is 45 minutes away, and the nearest hospitals, schools, and kindergartens are about 15 minutes away. The archipelago will soon host Wynn Resorts – the first casino resort in the UAE, which plans to attract 5.5 million tourists from 2027 to 2030.