Sales trends in Al Marjan Island, RAK
A man-made island in the northern emirate of Ras Al Khaimah, Al Marjan Island has recently garnered much interest from investors. Located on the border of RAK and Umm Al Quwain Marina, the archipelago comprises four islets clustered together to create the shape of a coral. You can find various freehold properties, including off-plan projects on the island. So, read on if you want to buy Al Marjan Island property.
WHY SHOULD YOU BUY AL MARJAN ISLAND PROPERTY?
Anyone interested in buying property in Al Marjan Island can find a range of options with top-class amenities. There are several shopping and dining facilities available nearby. For leisure, you can always head to the beach and engage in adventurous water sports. Overall, it is one of the best places to live in RAK.
If you intend to look for property for sale in Al Marjan Island from an investment point of view, there is good news. The expected ROI shows you will get good returns on your initial investment.
Building | ROI |
|---|---|
Building Pacific | ROI 6.61% |
Building Bab Al Bahr Residences | ROI 6.32% |
Building Marjan Island Resort & Spa | ROI 7.11% |
SALES TRENDS IN AL MARJAN ISLAND
Let’s now look at the current price trends for the apartments for sale in Al Marjan Island.
- 1 BED
- |
- 2 BATHS
- |
- 771 SQFT
- 2 BEDS
- |
- 3 BATHS
- |
- 1408 SQFT
- 1 BED
- |
- 2 BATHS
- |
- 1399 SQFT
- 2 BEDS
- |
- 3 BATHS
- |
- 1258 SQFT
TOP BUILDINGS WITH APARTMENTS FOR SALE IN AL MARJAN ISLAND
These are the top buildings to buy apartments in Al Marjan Island.
PACIFIC
Topping our list is the Pacific – a grand apartment complex. It has six buildings named after the Pacific Islands: Samoa, Tonga, Fiji, Tahiti, Polynesia and Bora Bora. Developed by the Select Group, Pacific apartments are popular, especially because of the stunning ocean views.
Each building has 10 floors with studios, 1 and 2-bed apartments and duplexes. Regarding facilities, residents can access a health club with indoor and outdoor gyms, rooftop pools, tennis courts and basketball courts. Moreover, there is a jacuzzi, a sauna and steam facilities. Not to forget, all residents have access to a private beach.
- To buy a studio in Pacific, your average financial outlay would be AED 341k.
- The average sales price rises to AED 622k and AED 974k for 1 and 2-bed flats.
- The ROI for flats in the Pacific stands at 6.61%.
Check out Pacific floor plans to determine if the apartments suit your requirements.
BAB AL BAHR RESIDENCES
Another building offering breathtaking views of the ocean, Bab Al Bahr Residences, is favoured especially by people who enjoy living by the sea. The three pyramid-shaped buildings, Fayrouz, Kahraman and Yakout, offer apartments and penthouses to interested buyers.
Facilities on offer include an adult and a children’s pool, proximity to fine-dining restaurants and cafes, beach access and more. Importantly, the building is pet friendly.
- Looking to buy a studio in Bab Al Bahr Residences? You can expect to pay AED 331k, on average.
- Whereas, for a 1 or 2-bed flat, the average sales price is AED 646k and AED 1.1M.
- The ROI is an impressive 6.32%.
Here’s a look at Bar Al Bahr Residences floor plans to help you with your research.
MARJAN ISLAND RESORT & SPA
Next up on our list is Marjan Island Resort & Spa. As the name suggests, it is a resort but has residential flats for sale. The development has exciting amenities, including five swimming pools, private beach access, a kids’ club, a luxurious spa and a fitness centre.
- You can buy studio flats in Marjan Island Resort & Spa for an average cost of AED 345k.
- For 1-bed flats, the average price stands at AED 577k.
- The expected ROI is 7.11%.
Here’s an overview of the average sales prices in the most popular towers and complexes offering Al Marjan Island flats for sale.
Building | Studio | 1-Bed | 2-Bed |
|---|---|---|---|
Building Pacific | Studio AED 341,000 | 1-Bed AED 622,000 | 2-Bed AED 974,000 |
Building Bab Al Bahr Residences | Studio AED 331,000 | 1-Bed AED 646,000 | 2-Bed AED 1,113,000 |
Building Marjan Island Resort & Spa | Studio AED 345,000 | 1-Bed AED 577,000 | 2-Bed N/A |
FAQS
WHERE CAN I LEARN MORE ABOUT LIFE ON AL MARJAN ISLAND?
Our detailed analysis of the pros and cons of living in Al Marjan Island is a good place to start.
WHAT IS THE COST OF LIVING IN RAK?
This guide on the cost of living in RAK would give you a better idea of what to expect regarding expenses after moving to the northern emirate.
This concludes our analysis of sales trends in Al Marjan Island. Generally, the trend is positive regarding Al Marjan Island property for sale. Plus, given all the available facilities and relatively lower cost, it is an excellent place to live. If you are interested in renting a property here, here’s a look at Al Marjan rent trends.
