New Projects in Al Marjan Island

New Projects 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 man-made archipelago in Ras Al Khaimah, developed by Marjan as a coastal tourism and residential destination. It consists of four coral-shaped islands: Breeze Island, Treasure Island, Dream Island and View Island. The archipelago extends approximately 4.5 kilometres into the Arabian Gulf. The master plan focuses on beachfront living, hospitality and leisure infrastructure. The development spans approximately 2.7 million square metres and includes hotels, resorts and residential communities.

The area is a key growth corridor within the emirate, supported by international tourism and large-scale resort developments. Wynn Al Marjan Island is a USD 5.1 billion integrated resort with 1,530 rooms and suites scheduled to open in Q1 2027. It will be the UAE's first integrated resort with gaming facilities. Ras Al Khaimah has recorded steady visitor growth in recent years, reinforcing demand for short-term rental accommodation. Buyer demand is driven by investors seeking waterfront assets with rental potential and end-users looking for resort-style second homes.

About Al Marjan Island, Ras Al Khaimah

Investment Highlights of New Projects in Al Marjan Island

Strong Price Appreciation

Apartment prices in Ras Al Khaimah recorded 32% year-on-year growth in 2025, driven by constrained island supply and pre-opening demand ahead of the Wynn resort.

Competitive Rental Yields

Branded and furnished beachfront apartments generate gross rental yields of 6%–8% on long-term strategies, rising to 9%–12% for actively managed short-term rental positioning.

First Resort Casino in the Middle East

Wynn Al Marjan Island is a USD 5.1 billion integrated resort with 1,530 rooms and suites scheduled to open in Q1 2027. The resort will deliver sustained uplift in tourism arrivals and residential rental demand.

Rapid Tourism Growth

Ras Al Khaimah welcomed 1.35 million overnight visitors in 2025 and is targeting 3.5 million annual visitors by 2030, underpinning long-term demand for short-term and long-term residential leasing.

Types of Properties in New Projects in Al Marjan Island

New projects on Al Marjan Island are predominantly apartment-led. Studios, one-bedroom and two-bedroom units form the core of the current supply pipeline. The market in 2026 shows clear concentration of demand in mid-sized, investment-oriented units, supported by accessible entry prices and strong rental positioning. Larger formats, including three-bedroom apartments and penthouses, are limited in number and positioned within premium beachfront developments.

A defining trend is the rapid growth of branded and fully furnished residences. Projects such as Gianfranco Ferré Residences reflect a shift toward turnkey, design-led assets aligned with short-term rental and serviced living models. Most new supply remains off-plan, with structured payment plans and delivery timelines ranging from two to four years.

Types of Properties in New Projects in Al Marjan Island

Infrastructure and Lifestyle in Al Marjan Island

Al Marjan Island is connected to the mainland via Sheikh Mohammed Bin Salem Road (E11), providing direct access to Ras Al Khaimah city and linking to the UAE's primary highway network toward Umm Al Quwain and Dubai. The island hosts more than 10 operational hotels and resorts, including international hospitality brands, alongside beach clubs and retail components. Travel time to Ras Al Khaimah International Airport is approximately 30 minutes. Dubai International Airport can be reached in 60 to 75 minutes depending on traffic conditions.

Lifestyle infrastructure is oriented around resort and leisure use, including public beaches, waterfront promenades and water sports amenities. Large-scale projects such as Wynn Al Marjan Island are expected to further expand entertainment and retail offerings. Core services, including schools, medical centres and hospitals, are located on the mainland in areas such as Al Hamra and Al Nakheel, within a 10 to 25-minute drive. This reinforces the island's positioning as a destination for investment and second-home ownership rather than full-time family residency.

 Infrastructure and Lifestyle in Al Marjan Island

Why Invest in New Projects in Al Marjan Island with Mira Developments

01

Branded Residences

Projects such as Gianfranco Ferré Residences integrate global design brands into residential concepts.

02

Fully Furnished

All units are delivered as turnkey residences with full furnishing and ready-to-use interiors.

03

Prime Locations

Projects are positioned within beachfront zones with direct access to resort infrastructure.

04

Premium Services

Developments include service layers aligned with hospitality and short-term rental models.

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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Discovery Gardens, Al Furjan, Dubai, UAE

Richmond District

Fully furnished residences translating the vision of iconic British designer into architecture.

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.

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.

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.

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.

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.

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.

Strategically located developments across the UAE and beyond

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FAQ — New & Latest Projects in Al Marjan Island

Are new projects in Al Marjan Island a good investment?

Yes. New projects in Al Marjan Island are considered a strong investment in 2026, supported by tourism growth in Ras Al Khaimah and increasing international investor activity. The market has sustained momentum following the announcement and development of Wynn Al Marjan Island, which is expected to increase visitor volumes and drive demand for short-term rental accommodation. Transaction activity and off-plan launches have accelerated across the island. Supply remains constrained by limited beachfront land, while demand is concentrated on rental-oriented, hospitality-linked assets.

What rental yields can investors expect?

Rental yields for new projects on Al Marjan Island typically range between 6% and 9% gross annually. Higher yields are associated with smaller units and properties integrated into short-term rental or serviced apartment programmes. Actual returns depend on occupancy rates, operator quality and seasonality linked to tourism demand. Branded residences may achieve rental premiums due to design, service and positioning advantages.

Are new projects freehold for foreign buyers?

Yes. Most new developments on Al Marjan Island are offered on a freehold basis, allowing foreign investors full ownership rights. This includes the ability to buy, sell, lease and inherit the property. Freehold status is a key factor supporting international demand, particularly among investors seeking exposure to UAE real estate without residency restrictions.

What is the impact of Wynn Al Marjan Island on property prices?

Wynn Al Marjan Island is a USD 5.1 billion integrated resort currently under construction with expected completion in Q1 2027. Its announcement and construction progress have directly contributed to increased investor activity across the island in 2026. Transaction volumes and off-plan launches have accelerated, with multiple new projects entering the market to meet rising demand. Property prices on Al Marjan Island have recorded consistent double-digit annual growth in several newly launched developments, particularly within beachfront and branded segments. The expectation of increased tourist arrivals, supported by Ras Al Khaimah’s target of over 3,5 million visitors annually by 2030, has strengthened the investment case for early entry. This has led to faster absorption rates in off-plan projects and reinforced pricing momentum across new developments.

Are branded residences more expensive and why?

Yes. Branded residences typically command a price premium compared to non-branded units due to design partnerships, quality of materials and integrated service offerings. In projects like Gianfranco Ferré Residences, the premium reflects turnkey delivery, brand positioning and enhanced rental potential. Over time, branded assets may demonstrate stronger resale liquidity and pricing resilience.

Can investors qualify for a UAE Golden Visa?

Yes. Investors may qualify for a UAE Golden Visa if their total property investment reaches the required threshold, currently AED 2 million. This can include one or multiple properties. Eligibility depends on ownership structure and compliance with regulatory requirements at the time of application.

Is short-term rental allowed in Al Marjan Island?

Yes. Short-term rental is allowed on Al Marjan Island. Rental yields in 2025–2026 are among the highest in the UAE’s coastal markets, with clear differentiation between long-term and short-term strategies. Long-term leases typically generate 6% to 9% gross annually, depending on unit size, location and building quality. Stable occupancy is driven by the growing resident and workforce base linked to tourism and hospitality. Short-term rental performance is materially higher, particularly in beachfront and professionally managed units. Gross yields for short-term rentals generally range between 9% and 12%, with some well-positioned properties near resort zones achieving 12–15%+ depending on occupancy rates and pricing strategy.