Al Marjan Island, a luxurious man-made archipelago in Ras Al Khaimah, UAE, has rapidly emerged as a premier real estate destination. With its stunning waterfront properties, world-class amenities, and promising investment potential, Marjan Island real estate has become an attractive choice for investors, homeowners, and holidaymakers alike.
In this article, we explore everything you need to know about Al Marjan Island real estate, including investment opportunities, property types, market trends, and legal considerations.
Overview of Al Marjan Island
Al Marjan Island is a collection of four man-made islands: Breeze Island, Treasure Island, Dream Island, and View Island. Developed by the Marjan real estate company, this luxurious waterfront destination covers 2.7 million square meters and extends 4.5 kilometers into the Arabian Gulf. It features an array of upscale residential, commercial, and hospitality developments that cater to a high-end clientele.
Key Highlights
- Strategic Location: Located just 45 minutes from Dubai International Airport, Al Marjan Island offers seamless connectivity to major UAE cities.
- Tourism & Lifestyle Hub: The island is home to luxury resorts, fine dining restaurants, entertainment centers, and pristine beaches.
- Freehold Ownership: Foreign investors can purchase properties on Al Marjan Island with full freehold ownership rights.
- High ROI: The island has seen consistent growth in property value and rental yields, making it a lucrative investment.
Types of Properties Available on Al Marjan Island
Investors and homebuyers have a variety of property options on Marjan Island, ranging from high-end apartments to lavish waterfront villas and commercial spaces.
1. Luxury Apartments
Al Marjan Island is dotted with luxurious apartment complexes that offer stunning sea views, modern architecture, and top-tier amenities. These include high-rise towers and serviced residences ideal for investors looking for rental income.
Features:
- 1 to 4-bedroom units with balconies
- Fully furnished options available
- Access to pools, gyms, and private beaches
2. Waterfront Villas
For those seeking exclusivity and privacy, waterfront villas on Marjan Island provide the perfect retreat. These high-end homes are designed with spacious layouts, private gardens, direct beach access, and premium interiors.
Features:
- Large plots with garden space
- Private swimming pools
- Direct sea-facing views
3. Hotel & Serviced Apartments
Al Marjan Island is a hotspot for tourism, with many international hotel brands setting up properties here. Investors can purchase hotel apartments, which are managed by renowned hospitality brands, ensuring consistent rental income.
4. Commercial Real Estate
Business owners and investors can capitalize on commercial spaces in Marjan Island real estate, including retail shops, office spaces, and restaurant venues. The island’s growing population and tourist footfall make it a prime location for businesses.
Other Oppertunity: You can also invest in Al Hamra Royal Breeze for high retuns.
Why Invest in Al Marjan Island?
With its prime location and growing demand, Al Marjan Island presents a golden investment opportunity for both short-term and long-term investors.
1. High Rental Yields
Due to its appeal as a vacation hotspot, rental demand on the island remains high. Investors can expect rental yields between 7-10% annually, making it one of the most profitable real estate markets in the UAE.
2. Capital Appreciation
Property prices on Al Marjan Island have witnessed steady appreciation over the years. With ongoing developments such as the Wynn Resort and Casino, the island is poised for further growth, enhancing property values.
3. Freehold Ownership for Foreign Investors
Unlike other parts of the UAE where ownership is restricted to UAE nationals, Al Marjan Island offers full freehold ownership to foreign investors, allowing them to buy, sell, and lease properties with complete legal rights.
4. Government Initiatives & Infrastructure Development
The UAE government has actively promoted Ras Al Khaimah as a major tourism and investment hub. Infrastructure improvements, relaxed visa regulations, and investor-friendly policies make Al Marjan Island an ideal destination for real estate investment.
Current Market Trends
Before investing, you should check current market trends to get maximize returns.
1. Growing Demand for Holiday Homes
With an influx of tourists, short-term rental platforms such as Airbnb have seen a rise in bookings on the island. Investors who opt for holiday home rentals can earn significantly higher returns compared to long-term leasing.
2. Increased Interest from International Investors
Buyers from Europe, Russia, and Asia are increasingly investing in Marjan Island real estate, attracted by the high ROI, tax-free income, and luxury lifestyle.
Where to Find Properties for Sale or Rent on Al Marjan Island
Investors and tenants can find a wide range of properties for sale and rent through several channels:
- Real Estate Portals: Websites such as Bayut, Property Finder, and Dubizzle list the latest properties on Al Marjan Island.
- Developer Websites: The official websites of Marjan and other top developers feature new projects and available listings.
- Real Estate Agencies: Leading property agencies like Betterhomes, Hamptons International, and Engel & Völkers have dedicated listings for Marjan Island.
- Social Media & Classifieds: Many property owners and agents list rental and sale properties on social media platforms like Facebook Marketplace and LinkedIn.
Legal Considerations & Buying Process
Want to purchase property in Al Marjan Island? Here a step by step guide on how to purchse property and cope up with international laws.
1. How to Buy Property on Al Marjan Island
- Choose a Property: Select from available apartments, villas, or commercial spaces.
- Check Developer Credibility: Ensure the property is developed by a reputable real estate company.
- Sign the Sale & Purchase Agreement (SPA): This legally binds the buyer and seller to the transaction.
- Make Payments: Typically, a 10-20% down payment is required.
- Transfer Ownership: Once the full payment is made, the title deed is transferred to the new owner through the Ras Al Khaimah Land Department.
2. Financing Options
- Mortgage loans are available for eligible buyers through UAE banks.
- Some developers offer payment plans with 0% interest for off-plan properties.
3. Property Ownership Laws
- Foreigners can own properties with freehold rights.
- No property tax or capital gains tax applies in Ras Al Khaimah.
Conclusion
Al Marjan Island real estate offers unparalleled opportunities for investors, homebuyers, and businesses looking for a premium waterfront lifestyle. With high ROI, increasing property values, and a booming tourism sector, Marjan Island real estate is a strategic choice for anyone looking to invest in the UAE’s property market.
Whether you are seeking a luxury home, a vacation rental, or a profitable commercial space, Al Marjan Island presents a profitable and secure investment destination.
