Apartments for Sale in Al Marjan Island

Apartments for Sale in Al Marjan Island

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Al Marjan Island, Ras Al Khaimah, UAE

Gianfranco Ferré Residences

Step into a new standard of coastal living with stylish studios, 1 — 2 bedroom apartments and spacious 2–4 bedroom duplexes — all featuring fully furnished interiors, five-star hotel-level services and sweeping views of the Arabian Gulf.

About Al Marjan Island, Ras Al Khaimah

Al Marjan Island is a manufactured destination developed by Marjan off the coast of Ras Al Khaimah. It’s built as four coral-shaped islands, made for residential living. The area has around 2.7 sq km of reclaimed land, 23 km of waterfront, and about 7.8 km of beaches spread across the islands. For people who want coastal living in the UAE with an “island feel” but still drive to malls, schools, and clinics, Al Marjan can be an ideal match.

The masterplan has residences and branded projects alongside hotels, public promenades, and outdoor lifestyle zones. Marjan has district cooling and modern utilities (power, water, sewage, telecoms), built to support large-scale, long-term occupancy and not dependent on seasonal use.

Marjan positions Ras Al Khaimah International Airport at a 25-minute drive, Dubai International Airport around one hour by motorway, and nearby hubs like Al Hamra Village and Mall within easy reach. The area’s profile is being reshaped by major hospitality investment. For example, Wynn Al Marjan Island Casino, the first of its kind in the Middle East, is scheduled to open in Spring 2027.

About Al Marjan Island, Ras Al Khaimah

Investment Highlights of Al Marjan Island Apartments

Apartments on Al Marjan Island perform well because they are located in a tourism-driven waterfront market that serves long-term and short-term tenants.

Price Growth

Al Marjan Island recorded price growth of 21%+ in 2025, and apartment growth of 17%–21% YoY, with Al Marjan among the leading areas.

Rental Yields

In 2025, Al Marjan Island apartments had steady gross rental yields of about 5,5%–5.8%, supported by consistent tenant demand in established waterfront communities.

Fast Absorption

Recent residential launches in Ras Al Khaimah have shown 80%–90% sell-through within 12–18 months. It is a practical sign of depth in demand from end users and investors.

Destination-Led Upside

Wynn Al Marjan is advancing toward its planned 2027 opening, supported by the UAE’s first commercial gaming licence and Ras Al Khaimah’s drive to increase annual tourism considerably by 2030.

Luxury Apartments Al Marjan Island: Market Overview

The island’s luxury apartment market is like a destination-led micro-market. There are branded and lifestyle-driven projects. Ras Al Khaimah has seen a surge in launches since 2022, with a significant share classified as branded residential—the first reason Al Marjan pricing is influenced as much by operator strength and product positioning.

ValuStrat reporting showed that this island is the top-performing area in Ras Al Khaimah in Q3 2025. There is a year-on-year growth in apartment capital values. Profitability here is in buying the right unit type, view line, and building management. In tourism-driven real estate in RAK, liquidity is strongest for properties that rent easily and have a simple, easy‑to‑understand investment story for the next buyer.

Relative value is also part of the reason investors are considering Al Marjan now. Dubai Marina’s average apartment price per square foot is reported at around AED 2,190, while comparable coastal stock on Al Marjan Island is often priced roughly 40% lower. The UAE’s tax setup for individuals is no personal income tax and, in that context, no capital gains tax.

One major catalyst for future investors is the Wynn Resort Ras Al Khaimah, scheduled to open in spring 2027 after Wynn received the UAE’s first licence to operate a commercial gaming resort. This flagship destination is expected to boost tourism, spending, and demand for nearby real estate.

Luxury Apartments Al Marjan Island: Market Overview

Infrastructure and Amenities of Al Marjan Island

Al Marjan is made up of four coral-shaped islands: Breeze, Treasure, Dream, and View—extending about 4.5 km into the Arabian Gulf. The closest major points from the apartments are Mövenpick Resort Al Marjan Island (about 6 minutes), Wynn Al Marjan Island (about 8 minutes), Al Hamra Mall (about 10 minutes), and Waldorf Astoria Ras Al Khaimah (about 11 minutes). On-the-ground amenities are designed for regular use: running and cycling tracks, parks, kids’ play areas, and casual waterfront food options.

Marjan is fully serviced for long-term growth in the residential and hospitality markets. Ras Al Khaimah International Airport is roughly a 25-minute drive; Dubai International Airport is around an hour by motorway (via Careem); and the island itself is easily accessible via E11. Recent infrastructure updates are E311 and E611, via Wynn Boulevard and the Wynn Bridge project.

Marjan has also announced a major mixed-use destination, Marjan Beach, near Al Marjan Island, adjacent to landmark projects such as Wynn Al Marjan Island and Al Hamra Village, with public beach access, parks, and civic services planned.

Infrastructure and Amenities of Al Marjan Island

Why Invest in Al Marjan Island Property with Mira Developments

01

Branded Residences

Beachfront apartments in Al Marjan Island are developed in collaboration with global design brands, offering stronger market positioning, greater buyer recognition, and more resilient long-term value.

02

Fully Furnished

Apartment for sale in Al Marjan Island with complete furniture packages and premium household appliances, eliminating additional setup costs and enabling immediate leasing or occupation.

03

Prime Locations

You can buy an apartment on Al Marjan Island, located near Marjan Island Beach, Pullman Resort, and Radisson Resort, reinforcing long-term desirability and capital appreciation.

04

Premium Services

Residents benefit from hotel-style amenities and professionally managed facilities that improve daily living quality and support consistent rental performance.

About Mira Developments

Mira Developments is a fast-growing company offering premium properties across the Middle East and Europe. Our portfolio includes projects in the UAE, Oman, Switzerland and Georgia, and continues to expand every year. We focus on fully branded and fully serviced residential and hospitality developments.

By partnering with iconic global brands, we are shaping a new vision of luxury living worldwide and creating strong opportunities for long-term capital growth for our investors.

About Mira Developments

Iconic Global Brands Collaborations

Сlean Lines and Extreme Curves

Bentley Home highlights its origins and aesthetic principles through a new creative perspective. The Bentley Home collection offers an interpretation that draws from the core of the British automotive brand to continue its extraordinary journey—discovering the authenticity of material and form.

Spectacular Elegance

The ELIE SAAB Maison collection touches every corner of your home and perfectly blends the essential elements of the ELIE SAAB Brand signature, design research, and the artisan excellence of Made in Italy.

A Cosmopolitan Vision

Trussardi Casa reinterprets the essence of the brand through the concept of quiet elegance, an expression that captures and reinforces their vision of a discreet and refined luxury, marked by products made with care and passion.

A New Dimension of Home

Gianfranco Ferré Home collection converges contemporary minimalism and the rich creative heritage of Gianfranco Ferré. The line captures the essence of metropolitan living, offering furniture to shape dynamic and fluid living spaces.

Audacious Creativity

Jacob & Co. Haute Living Collection reflects a vision of luxury that transcends boundaries. Each piece is conceived as a sculptural statement, combining precious materials, innovative design, and meticulous attention to detail.

Dreams Become Reality

ETRO home collection rethinking the House’s heritage and the art of savoir-faire, making the dream real, tangible, livable. It shapes new worlds and new ways of living with expressive colors and immersive fabrics, quality, and functionality.

A Stronghold of Quality Craftsmanship

Having conceived some of the icons of luxury furnishings, ONIRO Group has shown the world what Italy is capable of in terms of artistry, expression, innovation, and the balance between elegance, quality, and outstanding creativity.

Leader in the Luxury Lifestyle Sector

For over 30 years, Luxury Living Group has designed, produced, and distributed Italian-made high-end furniture for some of the most important luxury brands, a success story marked by craftsmanship, experimentation, and fine materials.

More Properties for Sale by Mira Developments

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Al Marjan Island, Ras Al Khaimah, UAE

Gianfranco Ferré Residences

Step into a new standard of coastal living with stylish studios, 1 — 2 bedroom apartments and spacious 2–4 bedroom duplexes — all featuring fully furnished interiors, five-star hotel-level services and sweeping views of the Arabian Gulf.

Tbilisi, Georgia

Trussardi Residences, Mira Verde

Set within the Mira Verde community, Trussardi Residences brings the refined Milanese design philosophy to Georgia for the first time, surrounded by the green landscapes of Tbilisi Hills.

trussardi residences phase two

Discovery Gardens, Al Furjan, Dubai, UAE

Trussardi Residences Phase II

Following overwhelming demand for Phase I, these two towers present an even more refined and upgraded offering, infused with the same Milanese spirit.

Post Hotel & Residences by Elie Saab properties

Andermatt, Switzerland

POST Hotel & Residences by ELIE SAAB

The project transforms the historic chalet in the Swiss Alps into a pinnacle of modern comfort and sophistication.

Mira Verde by Mira Developments, Tbilisi Hills, Georgia

Tbilisi, Georgia

Mira Verde

Georgia’s first branded, master-planned community, set amid the rolling green landscapes of Tbilisi Hills, just ten minutes from the historic city center.

Mira Coral Bay in RAK

Al Mairid, Ras Al Khaimah, UAE

Mira Coral Bay

Mira Coral Bay is the world’s first luxury waterfront community, created in partnership with 14 globally renowned brands, on the picturesque shores of Ras Al Khaimah.

Discovery Gardens, Al Furjan, Dubai, UAE

Trussardi Residences

This stunning development in the Al Furjan area of Dubai embodies the contemporary elegance of the Italian fashion icon.

Bentley villas

District 11, Meydan, Dubai, UAE

Mira Villas designed by Bentley Home

Set in the heart of Dubai, this fully furnished villa community offers sweeping views of the city’s iconic skyline.

Explore Mira Developments Projects Across the UAE and Beyond

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FAQ — Properties for Sale in Al Marjan Island

Are apartments on Al Marjan Island freehold for foreigners?

Yes. On Al Marjan Island, Ras Al Khaimah apartments can be bought by foreigners. They have designated freehold zones where foreign buyers can own property with full ownership rights registered in their name. That’s why the island is commonly marketed as a place to buy freehold apartments in RAK without UAE residency.

How much do Al Marjan apartments cost?

Bayut’s 2025 Ras Al Khaimah report shows Al Marjan Island flat prices averaging around AED 1,328 per sq ft (advertised). Newer branded launches and prime sea-facing stock can be well above that, while older resale inventory may be below it.

Can a foreign national invest in apartments on Al Marjan Island?

Yes. Foreign nationals can buy and hold investment apartments on Al Marjan Island through the standard UAE process: a reservation, identity checks (KYC), a sale agreement, and either staged payments (off-plan) or settlement on transfer (ready). UAE residency is not required to own property in Ras Al Khaimah’s designated freehold areas, which is why the island attracts non-resident buyers. What matters most for investors is choosing a project with clear handover timing, a realistic service-charge profile, and a building that supports the rental strategy they plan to run.

Do apartments perform well as holiday rentals?

Often, yes, if the building allows short-term lets and the unit is positioned and managed properly. Al Marjan Island is promoted as a leisure destination with beaches, resorts, and year-round stay demand, which supports well-run holiday apartments in RAK. The important part is compliance: short-term rentals in Ras Al Khaimah are governed through the RAKTDA holiday homes framework, and owners typically need to register and meet requirements before hosting legally. Some buildings also impose operator or HOA rules that affect how you can market, price, and manage the unit.

Are off-plan apartments a good investment on Al Marjan Island?

Yes, off-plan apartments come with phased payment structures and the potential to capture upside between launch pricing and completion. The island’s momentum is also linked to destination-scale development, such as the Wynn Resort in Ras Al Khaimah. This is why the location has global visibility and can deepen tenant demand.

What rental yields can investors expect?

You will have to know type, seasonality, and building costs. Apartment rental yields in Ras Al Khaimah are between 6% and 8% gross. Net yield is shaped by service charges, furnishing costs, marketing fees, and your strategy (long-term tenancy vs. holiday lets), so underwriting should be unit-specific.

Are branded residences better for rental income?

Yes, branded residences have a bigger demand because tenants associate them with a certain standard of quality. Branded units can be priced up to 30% higher than non-branded stock. And yet they lease faster because long-term tenants are willing to pay for a defined lifestyle and comfort level backed by a recognizable name. From an investment perspective, branded residences are also attractive because buyers can enter into structured payment plans during construction. It improves capital flexibility. In the UAE, real estate development is tightly regulated, and escrow systems are in place to protect buyers, providing security for off-plan acquisitions.

Is Al Marjan Island suitable for long-term living?

Yes, Al Marjan Island is suitable for long-term living. It’s not only a resort destination, but also a well-supported coastal area with day-to-day infrastructure already in place, like nearby retail, supermarkets, schools, and healthcare facilities.

How liquid is the resale market for apartments?

The resale market on Al Marjan Island is liquid because the area is one of Ras Al Khaimah’s most in-demand waterfront addresses, with a buyer pool that includes end users and investors. Liquidity is supported by two clear factors: first, Al Marjan Island apartments are easy to position for rental use, which makes them attractive to the next buyer; second, the island’s growing hospitality ecosystem and long-term development pipeline keep it visible and «on the radar, ” which supports consistent transaction activity.

What infrastructure supports apartment residents?

The island is built around destination-grade infrastructure. There are major hotels, leisure facilities, and long sandy beaches that shape day-to-day life on the island. For ready apartments on Al Marjan Island, you may access the island’s lifestyle spine plus quick connections to nearby retail and services in the surrounding coastal districts. The practical difference for residents: you’re not relying on «plans» for the basics; many amenities already are there.