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Address Residences is the epitome of luxury living in the heart of Ras Al Khaimah’s Al Marjan Island. Emaar Properties, the renowned developer, has unveiled a sensational new launch that promises a life of opulence and comfort. In this comprehensive guide, we will delve deep into the world of Address Residences Al Marjan Island, covering everything you need to know about this prestigious development.
The Address Residences Experience
Imagine waking up to the gentle caress of the sea breeze, surrounded by premium amenities and breathtaking views. Address Residences Al Marjan Island offers this and much more. Let’s take a closer look at what this exceptional project has to offer:
Luxurious Property Selection
Address Residences boasts an array of high-end branded properties designed to cater to your every need. From 1-3 bedroom apartments to 4-bedroom penthouses and 2-3 bedroom townhouses, as well as half floors – you have a diverse selection to choose from.
Pricing and Payment Plans
As of November 2023, the starting price for an apartment and a townhouse is AED 1.7M (USD 463K) and AED 7.4M (USD 2M), respectively. A penthouse can be acquired for a starting price of 9.8M (USD 2.6M), while a half floor starts at a minimum of AED 12.48M (USD 3.39M). Take advantage of the attractive 90/10 payment plan, which includes a 10% booking fee.
Living in Address Residences on Al Marjan Island means you’ll have access to a wide array of unrivaled amenities. These include a well-equipped gym, a serene beach promenade, a sports court, an infinity swimming pool, and specialty restaurants, among others.
The Evolution of Address Residences
The Address resort in Ras Al Khaimah has been a highly anticipated project, first announced in 2018 by Emaar. However, the exact opening date remained uncertain until now, with the property set to open its doors in 2028. The project has evolved significantly since its initial announcement, shifting its focus towards upmarket branded residences.
Master Plan Transformation
Initially, the project included 234 apartments, but the current master plan outlines more than 1,100 units spread across six standalone towers surrounding the resort. Additionally, villas and townhouses are part of this luxurious development.
High-End Development Surge
The announcement of the Wynn resort in 2022 marked the beginning of a surge in high-end development agreements in the northern emirate. Al Marjan Island, where Address Residences is located, has become a hub for such developments. Marriott, for instance, plans to establish four five-star properties, including Le Meridien, JW, Westin, and a W hotel. Smaller exclusive operators like Nobu are also making their presence felt on the island. Moreover, Rove, backed by Emaar, and a locally established brand named Earth are preparing to open their resorts, adding to the island’s allure.
Al Marjan Island’s Appeal
Al Marjan Island is a sought-after leisure destination, known for its 14.3 miles of stunning waterfront. It boasts premium resorts, F&B venues, running and cycling tracks, and more. By 2027, it will be home to the country’s first casino, situated in Wynn Al Marjan Island – the Middle East’s first Wynn Resorts-branded development. This casino is expected to boost the local tourism sector significantly.
Address Residence Al Marjan Island – A Standout Investment
Address Residence Al Marjan Island is not just a luxurious living space; it’s also an outstanding investment opportunity in the UAE’s real estate market. Let’s delve deeper into what makes it a lucrative prospect:
This project offers tremendous investment potential, with financials indicating improvements in every area of real estate that Wynn occupies. These properties are perfect for short-term rentals, attracting both foreign and local tourists eager to experience one of the world’s most exciting islands. Additionally, there’s an operational management service in place in Ras Al Khaimah for short and long-term rentals.
Address Residence Al Marjan Island’s strategic location makes it even more appealing. It’s just a 15-minute drive to Ras Al Khaimah Airport, 33 minutes to Downtown RAK, and a quick 45-minute journey to Dubai Airport.
Address Residences Al Marjan Island – Property Overview
Before making a decision, it’s essential to understand the property types available at Address Residences and their respective sizes and prices:
- 1-Bedroom Apartments (Average Size: 716 sqft, Price: AED 1.7/9 million)
- 2-Bedroom Apartments (Average Size: 1207 sqft, Price: AED 3/3.3 million)
- 3-Bedroom Apartments (Average Size: 1752 sqft, Price: AED 4.9 million)
- Townhouses (Average Size: 2712 sqft, Price: AED 7.4 million)
- Penthouses (Average Size: 2897 sqft, Price: AED 9.8 million)
Completion Date and Payment Plan
The project is expected to be completed by February 2028, offering a 90/10 payment plan for interested buyers.
Unparalleled Amenities at Address Residences
One of the standout features of Address Residences Al Marjan Island is its impressive array of amenities. Let’s explore what awaits you:
- Private Gymnasium: Stay fit and active with a state-of-the-art private gymnasium that caters to all your fitness needs.
- Paddle Tennis Court: Challenge your friends and family to a game of paddle tennis on the premises.
- Fitness and Spa Centers: Indulge in ultimate relaxation and wellness with fitness and spa centres at your disposal.
- Sports Court: Engage in various sports activities at the dedicated sports court within the community.
- Infinity Pool: Enjoy refreshing swims in the infinity pool while soaking in stunning sea views.
- Seafront Specialty Restaurants: Savor delectable cuisines at two seafront specialty restaurants offering a gastronomic delight.
- Sandy Beach Access: The sandy beach in close proximity is perfect for leisurely strolls or sunbathing.
- Children’s Playground: Let your little ones have a blast at the children’s playground with breathtaking sea views.
The Enchanting Island of Marjan
Address Residences Al Marjan Island is strategically located across Breeze, Treasure, Dream, and View Islands. This archipelago boasts an astonishing 7.8 km of golden beaches and 23 km of waterfront.
Address Residences on View Island offers a serene environment with family-friendly hotels, resorts, and stunning waterfront homes.
Proximity to UAE’s First Casino
The neighbouring Wynn Al Marjan Island, set to be the world’s second-largest casino resort by 2026, will substantially elevate real estate prices in the area.
Private Beach, Marina, and Promenade
The complex features 40,000 sqm of coastline, a 1.5 km seafront promenade, kayaking, diving facilities, waterfront lounges, restaurants, and a yoga area.
Fully Furnished Residences
All units at Address Residences come fully furnished and equipped with balconies, master bedrooms with en-suite bathrooms, walk-in closets, laundry rooms, and large windows offering panoramic sea views.
Exclusive Address Hotels + Resorts Services
Enjoy impeccable service from Address Hotels + Resorts, complete with signature restaurant options offering diverse international cuisines.
Address Residences Al Marjan Island’s strategic location ensures easy access to key destinations:
- 5 minutes to Wynn Casino
- 8 minutes to Al Hamra Mall with Funville and VOX cinemas
- 8 minutes to Al Hamra Golf Club
- 9 minutes to Ras Al Khaimah International Airport
- 12 minutes to Al Hamra Waterfront
- 12 minutes to Al Hamra Marina & Yacht Club
- 15 minutes to Ras Al Khaimah International Airport
- 33 minutes to Downtown Ras Al Khaimah
- 45 minutes to Dubai International Airport
- 45 minutes to Dubai and Sharjah
Frequently Asked Questions
To provide you with a comprehensive understanding of Address Residences Al Marjan Island, here are some frequently asked questions:
1. What types of properties are available at Address Residences Al Marjan Island?
- Answer: Address Residences offers 1-3 bedroom apartments, 4-bedroom penthouses, 2-3 bedroom townhouses, and half floors.
2. What is the pricing range for properties at Address Residences Al Marjan Island?
- Answer: Prices start at AED 1.7M for apartments and AED 7.4M for townhouses, with penthouses beginning at AED 9.8M.
3. When will Address Residences Al Marjan Island be completed?
- Answer: The project is set to be completed by February 2028.
4. What payment plans are available for buyers?
- Answer: Address Residences offers a 90/10 payment plan, which includes a 10% booking fee.
5. What are the standout amenities at Address Residences Al Marjan Island?
- Answer: Amenities include a private gymnasium, paddle tennis court, fitness and spa centers, sports court, infinity pool, seafront specialty restaurants, sandy beach access, and a children’s playground.
6. How is Address Residences Al Marjan Island connected to nearby attractions and airports?
- Answer: The project is conveniently located with easy access to attractions, including Wynn Casino, Al Hamra Mall, golf club, and both Ras Al Khaimah and Dubai International Airports.
In conclusion, Address Residences Al Marjan Island represents the pinnacle of luxury living in Ras Al Khaimah. With its diverse property options, stunning amenities, and strategic location, it offers not only a luxurious lifestyle but also a lucrative investment opportunity. Whether you’re seeking a dream home or a prime investment, Address Residences has it all. Don’t miss your chance to be part of this extraordinary development in the heart of Al Marjan Island.