Overview

Property Description

Located on View Island on Al Marjan Island in Ras Al Khaimah, Address Residences Al Marjan Island is a high-end development developed by Emaar Properties in collaboration with Address Hotels + Resorts. You can become a proud owner of one of the 1-3 bedroom apartments, 2-3 bedroom townhouses, two 4-bedroom penthouses, or half floors. All properties have a balcony or terrace, a laundry room, and built-in wardrobes in the master suites. Townhouses and penthouses also include a utility room and storage space. A penthouse can be purchased for approximately AED 9.8M (USD 2.6M), while a half floor costs a minimum of AED 12.48M (USD 3.39M) as of November 2023. *Prices are valid for 2023 only As the complex is off-plan, you can benefit from a 90/10 payment plan that includes a 10% booking fee. Instalments of 80% and 10% will be required during construction and upon completion in Q1 2028. By 2027, Al Marjan Island will be home to the country's first casino, boosting local tourism even further. It will be located on Wynn Al Marjan Island, the first Wynn Resorts-branded development in the Middle East. Due to this, the Address Residences Al Marjan Island will likely be in high demand as short-term rentals by visitors to the resort and casino. As a result, the return on investment (ROI) for Al Marjan Island properties typically averages around 6%. The initial rental costs for properties on the island are AED 38K (USD 10K) per annum, providing you with a respectable passive income.

Location