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Major Development presents a premium complex inspired by the islands of the Maldives
Manta Bay by Major Development is a premium residential complex inspired by the beauty of the Maldives. Located on Al Marjan Island in Ras Al Khaimah, this masterpiece offers studios and 1-2 bedroom apartments for sale.
The developer aims to landscape more than 80% of the area — offering you a peaceful life surrounded by the tranquillity of nature.
Major Development has over 20 years of construction experience. The company has earned a strong reputation throughout Russia, Belarus and Europe and creates residential and commercial properties that focus on the needs of its residents. The Manta Bay complex on Al Marjan Island marks Major Development’s debut in the UAE.
Location of Manta Bay
Al Marjan Island is an artificial island located off the coast of the Arabian Gulf, and belongs to the emirate of Ras Al Khaimah. It consists of four small sections that were designed to form the shape of a coral. The communities of Umm Al Quwain, Al Hamra Village and Mina Al Arab are adjacent to the island. The Al Marjan Island area offers all the necessary facilities to enjoy the most memorable resort holiday imaginable.
Al Marjan Island itself is a bastion of luxury and economic potential. The upcoming Wynn Al Marjan Island, a landmark $3.9 billion project including the UAE’s first casino, is expected to significantly elevate the real estate sector in Ras Al Khaimah. The project’s upscale design and world-class amenities are set to boost the emirate’s status as a prime global tourist destination. This development is contributing to a surge in tourism in Ras Al Khaimah, with an increase in both the number of tourists and spending. The average return on investment (ROI) for properties on Al Marjan Island is about 6%, with the potential to rise to 15% following the completion of high-profile projects like Wynn Al Marjan Island.
Exclusive resorts such as Rixos Bab Al Bahr, Movenpick Resort Al Marjan Island and DoubleTree by Hilton Resort & Spa Marjan Island are located nearby.
Economic attractiveness of Manta Bay
In 2027, the UAE’s first casino will open — just an 8-minute drive from Manta Bay. Residents will be offered a golf cart shuttle service to make their trips to and from the casino quick and effortless. Due to such an advantageous location, the property value in the complex is expected to increase significantly.
Manta Bay is an excellent choice for interested investors. According to Major Development, a 10-12% ROI is expected. The average short-term rental rate for 1-bedroom apartments is AED 769 (USD 209) per night, amounting to AED 250K (USD 68K) per year.
Al Marjan is another popular real estate area in Ras Al Khaimah. It is located next to Al Hamra and also offers a variety of accommodation options including apartments, villas and townhouses.
The Al Marjan area is known for its attractive promenade where you can stroll or enjoy the sea views. There are also restaurants, cafes and shops where you can spend time with family and friends.
Property in Al Marjan is also in demand among buyers and investors. The area offers high quality accommodation and amenities, as well as a convenient location close to the beach and other activities.
Overall, Al Marjan offers comfortable accommodation and leisure facilities, making it an attractive place to buy property in Ras Al Khaimah.
Real estate in Al Marjan area
