29/10/2024
2,000-foot long beach lies steps away, overlooking the visually stunning island and bay. Al Marjan Island is quickly transforming into Ras Al Khaimah’s premier resort destination; the Wynn Al Marjan Island resort will introduce the UAE’s first casino and draw tourists from all around.
Nearby dining options include Super Breeze Bar & Restaurant, Boons Brasserie & Bar, Ula and more. A 15-minute drive will get you to Al Hamra Village, where you can shop at the boutiques at Al Hamra Mall and enjoy the many dining and entertainment venues. Al Hamra Golf Club and Al Hamra Marina & Yacht Club also offer many types of recreation.
Al Amwaj Street provides easy access to Al Marjan Island Boulevard and then onwards to Sheikh Mohammed Bin Salem Road, connecting the wider points of Ras Al Khaimah. Ras Al Khaimah International Airport (RKT) is 30 minutes away, while Dubai is reachable in an hour.
Schools, such as Little Treasures, Chubby Cheeks Nursery Ras Al Khaimah and the on-site Little Captain Nursery, are 15-20 minutes away. Students can attend RAK Academy – British School Al Hamra-BSH or New British International School. RAK Medical Centre Al Hamra clinic is 10 minutes away.
Address Residences Al Marjan Island offers something for everyone. Apartments will suit young couples and singles while spacious penthouses and townhouses will meet the needs of the family. The residences here will let you revel in cosy beachfront living with indulgent amenities and captivating sights.
While construction is underway, interested buyers can take advantage of a 90/10 payment plan, with a required 10% down payment.
Once completed in February 2028, investors can expect to generate around 15-20% in profit from reselling their property, or they can choose to lease it out for additional passive income. One-bedroom residences on Al Marjan Island yielded an average of 6% as of the end of 2023, with annual rentals starting from AED 30K (USD 8K).
Foreign buyers are eligible for renewable 2- or 10-year UAE residency visas, the latter covering dependents and staff. The minimum investment requirements for the residency visas are AED 750K (USD 204K) and AED 2M (USD 545K), respectively.
