Properties for sale in Al Marjan Island

With around 3,500 residential units, including villas, townhouses, apartments, duplexes, and penthouses of various sizes and configurations, Al Hamra Village can cater to the needs of diverse individuals. Many homes offer stunning views of the Arabian Gulf, and the surrounding grounds are filled with landscaped spaces. The community also offers a variety of social facilities, such as retail stores, restaurants, cafes, and entertainment venues.

Al Marjan Island is an artificial island located on the coast of the Arabian Gulf in Ras Al Khaimah. It consists of four small sections designed to form a coral shape. The neighboring communities of Umm Al Quwain, Al Hamra Village, and Mina Al Arab are adjacent to the island.

Properties on the island include apartments, penthouses, duplexes, land plots, and hotel apartments available for purchase or rent. The area provides top-notch recreational facilities and caters primarily to tourists. Residents and visitors can enjoy entertainment venues for all ages, making the neighborhood suitable for those looking to enjoy an active lifestyle.

Infrastructure and location

The Al Marjan Island area offers all necessary facilities for a resort holiday. Visitors have easy access to Sheikh Mohammed Bin Salem Road, which leads to Al Marjan Is Boulevard, providing a link to Breeze Island and Treasure Island. Ras Al Khaimah International Airport and the American University of Ras Al Khaimah are within a 30-minute drive of the island.

Al Marjan Island is home to various amenities such as XclusiV Nightclub, Fresh Plus Grocery & Cafe, Zoom Supermarket, Jungle Gym, Solomed Pharmacy of Rixos Bab Al Bahr, Amouage Lounge & Terrace, and Al Liwan Restaurant. There are also playgrounds, sports fields, tennis courts, and an embankment with jogging paths. Residents and guests typically travel around the island using personal vehicles or cabs.

Economic appeal

Al Marjan Island is an attractive tourist destination, making it suitable for short-term renters. Visitors have access to family-friendly facilities for a comfortable stay. Properties can also be rented out on a long-term basis to larger families who wish to reside in a coastal area.

The island offers many profitable real estate investment opportunities. Studios have a return on investment rate of 7.7%, two-bedroom apartments have a return rate of 7%, one-bedroom apartments have a return rate of 6.8%, and three-bedroom units have a return rate of 3.1%. Annual rental rates range from AED 20,000 (USD 5,000) to AED 101,000 (USD 27,000).

*The price is valid for 2023

Fully furnished hotel apartments are a convenient option for investors as their management is handled by the hotel. Foreign buyers should take into account the area’s freehold status, allowing buyers to retain full ownership of a property.

Attractions

The main attraction on Al Marjan Island is the Al Marjan Island Corniche. The palm-lined shoreline provides scenic views of the Arabian Gulf and is an ideal place for picnics or evening strolls. The promenade also features a children’s playground, jogging path, and various cafes.

The Happiness Festival is held annually on the island and includes various shows and performances, as well as themed areas such as a classic car exhibition.

The Orun Marine Sports Club is the hub of aquatic sports in the area, offering activities such as jet-skiing, parasailing, kayaking, boat rentals, and diving lessons.