Off-Plan Properties for Sale in Al Marjan Island

Yes. Al Marjan Island has established itself as Ras Al Khaimah’s highest-performing residential market, with apartment values appreciating approximately 21% year-on-year as of early 2026, according to market data. The island’s growth trajectory is supported by constrained waterfront supply and rising tourism volumes. Ras Al Khaimah recorded approximately 1.36 million overnight visitors in 2025. The main driver of future growth is the upcoming Wynn Al Marjan Island integrated resort, which is on track for a 2027 opening. Off-plan buyers benefit from lower entry pricing relative to completed units and from flexible developer payment plans that reduce upfront capital requirements. Mira Developments' Gianfranco Ferre Residences on Al Marjan Island offers a branded waterfront entry point with a payment plan structure.

Yes. Al Marjan Island is a designated freehold zone in Ras Al Khaimah, meaning foreign nationals of any nationality can purchase and fully own property without the need for local sponsorship. Ownership is registered under the buyer’s name, and title deeds are issued upon completion and handover. The legal framework is comparable to Dubai’s freehold system, with regulatory oversight provided by RAK’s Real Estate Regulatory Administration.

Gross rental yields on Al Marjan Island apartments typically range from 6% to 9%, depending on unit type, positioning, and management structure. Studios and one-bedroom apartments generally command yields at the higher end of this range, while larger units and branded residences may trade slightly lower yields in exchange for stronger capital preservation and appreciation potential. Short-term rental models, supported by the island’s tourism infrastructure, can generate higher gross returns in select segments. Net yields vary depending on service charges, management fees and occupancy rates.

The Wynn Al Marjan Island resort, an integrated destination with approximately 1,530 rooms, 22 restaurants, a marina and extensive leisure facilities, is the single most significant value driver for Al Marjan Island real estate. The tower topped out at 70 floors in December 2025, with interior fit-out well advanced and a spring 2027 opening on schedule. Market data indicate that property values on the island have appreciated materially since the project’s announcement, and values are being repriced in anticipation of the operational phase. The resort is expected to generate sustained visitor volumes, supporting short-term and long-term rental demand across the island.

Ras Al Khaimah levies a 4% registration fee on property transactions, payable to RAK Municipality upon transfer. There is no annual property tax, no rental income tax, no capital gains tax and no stamp duty in the emirate. The absence of recurring property taxes means that ongoing holding costs are limited to service charges and any applicable management fees.

Yes. Property investments in Ras Al Khaimah valued at AED 2 million or above qualify the buyer for a 10-year renewable UAE Golden Visa. Off-plan properties from approved developers are eligible, provided the investment meets the threshold. The visa carries no minimum stay requirement and allows holders to sponsor spouses, children and domestic staff.

Branded residences carry the design standards, furnishing specifications and, in many cases, the operational management of an established international brand. This typically translates into higher-quality interiors, consistent design execution, hotel-level amenities and services, and stronger resale liquidity due to the brand’s recognition value. Market data across the UAE indicates that branded residences command a premium of approximately 30% to 40% over comparable non-branded units, reflecting the added value of brand association, turnkey delivery and managed rental programmes. Mira Developments' Gianfranco Ferre Residences on Al Marjan Island delivers fully furnished interiors by Gianfranco Ferre Home, positioning it within this higher-value segment.

The rental market on Al Marjan Island has strengthened considerably, with average apartment rents increasing by approximately 8% to 11% year-on-year in 2025. Studios command average annual rents of approximately AED 39,000, one-bedroom apartments approximately AED 59,000 and two-bedroom units approximately AED 86,000. This growth is driven by an expanding resident base of tourism-sector professionals, lifestyle tenants and short-term rental demand from the island’s growing visitor economy. The approaching opening of the Wynn Al Marjan Island resort is expected to further intensify rental demand by visitors seeking extended-stay accommodation on or near the island.