Apartments in Ras Al Khaimah: investment opportunities in Al Marjan Island

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Ras Al Khaimah, one of the fastest-growing emirates in the UAE, attracts investors from around the world with its unique opportunities and prospects. This emirate is renowned for its picturesque landscapes, mountain ranges, desert expanses, and magnificent beaches. With each passing year, Ras Al Khaimah’s popularity as a tourist destination and investment hub continues to grow, leading to a steady increase in apartments prices. In 2023, the Ras Al Khaimah real estate market saw a 12% increase in prices compared to the previous year, making it one of the most attractive investment destinations in the UAE.

Advantages of Ras Al Khaimah for Investors

Ras Al Khaimah is actively developing and attracting international investors’ attention. The emirate offers favorable conditions for business and investment, including tax benefits, easy company registration, and government support. In recent years, the region has shown stable GDP growth of 4% annually and active infrastructure development, making it attractive for long-term investments. Additionally, the Ras Al Khaimah government is implementing large-scale projects to develop tourism and the hotel industry, further stimulating economic growth.

Comparison with Other UAE Regions

Compared to other emirates such as Dubai and Abu Dhabi, Ras Al Khaimah offers more affordable real estate prices with a similar quality level. The average cost per square meter of housing in Ras Al Khaimah is about 8000 AED, significantly lower than in Dubai, where prices reach 15000 AED per square meter. This makes the region particularly attractive for those seeking a balance between cost and profit potential. Moreover, moderate prices for apartments in Ras Al Khaimah create excellent conditions for investors aiming to diversify their portfolios.

Investment in Apartments on Al Marjan Island

Al Marjan Island, located in Ras Al Khaimah, is a true paradise for investors. This artificial archipelago, created on the shores of the Persian Gulf, has become a symbol of luxury and high living standards. It houses the best hotels, resorts, and residential complexes offering high levels of comfort and service. Investing in apartments on Al Marjan Island is not only an opportunity to own prestigious seaside property but also a promising way to invest with high returns. According to the real estate agency “Trevi Elite,” the average rental yield for properties on the island is 8-10% annually.

History of Al Marjan Island

The construction of Al Marjan Island began in 2004 and was completed in 2013. This ambitious project, initiated by the Ras Al Khaimah government under the leadership of His Highness Sheikh Saud bin Saqr Al Qasimi, aimed to create a major tourist and investment center. The island was created using land reclamation, where sand was blown into the sea, and compactors formed solid foundations for construction works.

Developments Statistics

To date, many large-scale developments have been implemented on Al Marjan Island. The island currently has over 1600 hotel rooms and more than 2000 residential units. Another 1680 hotel rooms and 2400 residential and mixed-use units are under construction, expected to be completed by 2025. Additionally, plans have been developed to create over 23 kilometers of promenades and 7.8 kilometers of beaches.

Infrastructure Facilities of Al Marjan Island

Al Marjan Island offers a wide range of infrastructure facilities and amenities:

  • DoubleTree Hilton Marjan Island and Rixos Bab Al Bahr: the first hotels opened on the island offering high-class accommodation and services.
  • Marjan Resort and Spa by Accor: another significant hotel infrastructure facility.
  • Breeze Island Promenade: a 4000-meter-long walking and biking path with playgrounds, food trucks, and cafes.
  • Second Promenade: includes additional open spaces and parking for 400 cars.
  • Alhambra Mall: a large shopping center offering a wide range of shops, restaurants, and entertainment venues.
  • Ice Land Water Park: one of the largest water parks in the UAE offering many attractions and entertainment for the whole family.
  • Alhambra Golf Club: a prestigious golf club offering magnificent courses and high-class services.
  • Wynn Casino: the first licensed casino in the UAE, including gaming halls, a 1000-room hotel, a shopping center, restaurants, and entertainment facilities.

Wynn Casino

The Wynn Casino, located on Al Marjan Island, will be the first licensed casino in the UAE. This large-scale project, costing $3.9 billion (approximately €3.5 billion), will include 1500 luxurious rooms, gaming halls, 24 restaurants and lounges, a spa center, a shopping gallery, a modern convention center, a theater, and numerous entertainment programs, including nightly laser shows.

Attractiveness of Investing in Real Estate on Al Marjan Island

Investing in real estate on Al Marjan Island has a high potential for price growth. Each year, apartment prices here increase, providing investors with significant profits. This is due to the limited number of properties on the island and high demand for quality seaside housing. According to forecasts, in the next five years, property prices on the island may increase by 20-30%.

Rental and Yield Prospects

In addition to the rising value of the property itself, investors can expect high rental income. Al Marjan Island is a popular tourist destination, ensuring a steady demand for rental housing. The average rental yield for apartments in Ras al Khaimah is 8-10% annually, making such investments particularly attractive for those seeking stable income. As a result, investing in apartments on the island can provide owners with both long-term profits and regular income.

Considering current market trends and growth prospects, now is the best time to invest in real estate on Al Marjan Island. Investing in real estate on Al Marjan Island in Ras Al Khaimah is a profitable and promising decision. The region offers excellent investment conditions, including steady real estate price growth, high rental demand, and developed infrastructure. Al Marjan Island, with its unique features and amenities, is an ideal place for living and investment. Do not miss the opportunity to own prestigious seaside property and gain significant profits from your investments.

New Residential Complex Sora Beach Residences worth $ 1 billion

Sora Beach Residences is a luxury residential complex located on Al Marjan Island in Ras Al Khaimah. Designed by renowned Japanese architect Nikken Sekkei, the complex offers its residents unparalleled levels of comfort and luxury. The building includes 18 floors and fully furnished apartments equipped with everything necessary for comfortable living. The complex is located next to Wynn Casino, making it particularly attractive for investors seeking not only housing but also entertainment opportunities.

Main Features and Benefits

  • The complex includes an 18-story building with fully furnished apartments equipped with everything necessary for comfortable living.
  • All apartments have sea views and are furnished by British interior designer Shalini Misra.
  • The complex has a private beach 305 meters long, as well as a panoramic pool and bar.
  • The building features the tallest residential lobby in the UAE, standing at 41 meters.
  • The complex offers 52 resort-style services, including a beach club and a pool with a bar.

Prices and Purchase Terms

  • Prices for apartments in Sora Beach Residences start at 2.8 million AED (€699 thousand) for one-bedroom apartments.
  • Two-bedroom apartments are offered at a price starting from 4.2 million AED (€1.05 million).
  • Three-bedroom and four-bedroom apartments with pools cost from 6.4 million AED (€1.6 million) and 9.9 million AED (€2.475 million), respectively.
  • Payment terms include 60% during the construction period and 40% upon completion, making the purchase of an apartment even more convenient.

Best offers for July 12, 2024

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