Can foreign buyers purchase freehold property on Al Marjan Island?

Yes. Al Marjan Island is a designated freehold zone in Ras Al Khaimah. Foreign nationals of any nationality can acquire full ownership with a title deed registered through the RAK Real Estate Regulatory Authority. There are no restrictions based on residency status. Properties valued at AED 2 million or above qualify for the UAE 10-year Golden Visa programme.

What gross rental yields can investors expect from a 2-bedroom apartment on Al Marjan Island?

Gross rental yields for 2-bedroom apartments on Al Marjan Island generally range from 7% to 9%. Actual performance depends on floor level, view orientation, furnishing quality and whether the property is operated as a short-term rental. Fully furnished, branded units command higher nightly rates. The opening of the Wynn casino resort is expected to further increase visitor volumes and short-term rental demand across the island.

How does the Wynn casino resort affect residential property values?

The Wynn Al Marjan Island casino resort represents a USD 5.1 billion investment. Upon completion, it will include over 1,500 hotel rooms, dining and entertainment venues and a marina. This scale of hospitality infrastructure is expected to significantly increase visitor volumes and generate thousands of direct jobs. For residential property owners, this translates into stronger short-term rental demand, higher occupancy rates and upward pressure on rental rates and capital values. Properties on the northern sections of Al Marjan Island, closest to the resort, are positioned to benefit most directly.

What distinguishes branded residences from standard apartments on Al Marjan Island?

Branded residences are developed under a formal licensing agreement with an international design house. This governs interior design standards, material specifications and common-area aesthetics. Mira Developments' Gianfranco Ferré Residences delivers units furnished by Gianfranco Ferré Home, with branded communal spaces and hotel-grade amenities. Branded residences in the UAE achieve rental premiums of 15% to 35% and resale premiums of 20% to 40% compared to equivalent non-branded units in the same location.

Is Al Marjan Island suitable for permanent residence?

Al Marjan Island supports permanent living and investment use. The island offers beaches, hotel dining, retail access and proximity to Al Hamra Golf Club. Daily essentials are available at Al Hamra Mall within a 5-minute drive. Schools and healthcare facilities in the broader RAK area are within 15 to 20 minutes by car. The island's character is leisure-oriented, making it attractive for couples, retirees and small families seeking a resort-style environment with year-round sea access.

Can a 2-bedroom apartment on Al Marjan Island be used for short-term holiday rentals?

Yes. Ras Al Khaimah permits short-term holiday rentals subject to obtaining a tourism licence from the Ras Al Khaimah Tourism Development Authority. Al Marjan Island is well suited to this model due to its resort setting, beach access and proximity to hotel infrastructure. Two-bedroom apartments attract families and small groups, a growing segment of RAK's tourism market. Turnkey branded units from Mira Developments achieve higher nightly rates and occupancy, as guests associate branded properties with consistent quality.

Does a 2-bedroom apartment on Al Marjan Island qualify for a UAE residency visa?

Property purchases valued at AED 750,000 or above are generally eligible for a 2-year renewable UAE residency visa. The 10-year Golden Visa requires a minimum property investment of AED 2 million. Two-bedroom apartments at the upper end of the market may meet this threshold independently. Investors can also combine multiple holdings to reach the AED 2 million minimum.

Off-Plan 2-Bedroom Apartments for Sale in Al Marjan Island

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 coral-shaped archipelago extending 4.5 kilometres into the Arabian Gulf off the coast of Ras Al Khaimah. The island spans approximately 2.7 million square metres across four interconnected clusters. A single causeway connects it to the RAK mainland and Sheikh Mohammed Bin Zayed Road (E311). Dubai International Airport is approximately 45 minutes away by car. RAK International Airport is within a 15-minute drive.

Development activity is concentrated around the northern tip of the island, where the Wynn Al Marjan Island casino resort is under construction. This USD 5.1 billion project includes over 1,500 hotel rooms, dining and entertainment venues and a marina. Opening is scheduled for early 2027. Ras Al Khaimah recorded approximately 1.36 million overnight visitors in 2025, with a government target of 3.5 million annual visitors by 2030. The Wynn project has accelerated residential demand and repositioned Al Marjan Island as the primary investment corridor within the emirate.

Strong Rental Yields

Gross rental yields for apartments on Al Marjan Island typically range from 7% to 9%, supported by strong short-term rental demand and a limited pool of completed residential inventory.

Sustained Price Growth

Average property prices on Al Marjan Island recorded approximately 17% year-on-year growth in 2025, outperforming the emirate-wide average.

Casino Resort Catalyst

Wynn Al Marjan Island, a USD 5.1 billion casino resort with over 1,500 hotel rooms, is under construction and scheduled to open in early 2027.

Golden Visa Eligibility

Properties valued at AED 2 million or above qualify the buyer for the UAE’s 10-year renewable Golden Visa with family sponsorship rights.

Types of 2-Bedroom Apartments in Al Marjan Island

Off-plan 2-bedroom apartments on Al Marjan Island are configured as waterfront residences within mid-rise and high-rise towers. Typical sizes range from approximately 1,000 to 1,700 sq ft. Most units feature open-plan living areas with full-height glazing, private balconies or terraces and two full bathrooms. Configurations include standard 2-bedroom layouts and 2-bedroom-plus-maid's-room formats. Select projects offer duplex options on upper floors.

The island's residential market is increasingly defined by branded, fully furnished residences delivered in turnkey condition. Mira Developments' Gianfranco Ferré Residences on Al Marjan Island delivers units with complete Gianfranco Ferré Home interior packages, integrated appliances and hotel-style amenity access. This turnkey format eliminates fit-out costs and timelines for investors, enabling leasing from the date of handover.

Types of 2-Bedroom Apartments in Al Marjan Island

Infrastructure and Amenities on Al Marjan Island

Al Marjan Island's amenity base is anchored by its hospitality infrastructure. Operational hotels include DoubleTree by Hilton Resort and Spa Marjan Island, Rixos Bab Al Bahr and Hampton by Hilton Marjan Island. Daily retail and dining are accessible at Al Hamra Mall, approximately 5 minutes by car on the mainland. The Wynn Al Marjan Island casino resort will add over 1,500 hotel rooms, dining venues, entertainment facilities and a marina upon its early 2027 opening. The island connects to the E311 highway, providing access to RAK city centre within 15 minutes.

Educational facilities in the surrounding area include RAK Academy (British curriculum) and GEMS Westminster School Ras Al Khaimah, approximately 15 minutes by car. Healthcare is served by RAK Hospital and Sheikh Khalifa Specialty Hospital, approximately 15 to 20 minutes from the island causeway. Leisure amenities include Al Hamra Golf Club (an 18-hole championship course), over 7 kilometres of natural beach frontage and Al Hamra Marina with berthing facilities for yachts and leisure boats.

Infrastructure and Amenities on Al Marjan Island

Branded Residences

Gianfranco Ferré Residences on Al Marjan Island combines iconic Italian design, recognised brand value and limited waterfront supply.

Fully Furnished

Residences are delivered turnkey with Gianfranco Ferré Home interiors and premium household appliances, eliminating fit-out costs and enabling leasing from the day of handover.

Prime Waterfront Position

A U-shaped tower at the tip of Al Marjan Island provides panoramic sea views from the majority of units, with proximity to the Wynn casino resort.

Premium Services

Hotel-style amenities including concierge, wellness facilities and curated resident services enhance tenant appeal and support rental premiums.

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.

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.

Discovery Gardens, Al Furjan, Dubai, UAE

Richmond District

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

Al Marjan Island, Ras Al Khaimah, UAE

Gianfranco Ferré Residences

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.

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.

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.

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.