Address Residences Al Marjan Island is a new premium development from leading developer Emaar Properties, created in collaboration with the world-renowned Address Hotels & Resorts. The branded residences occupy a prime location on Isle View on Al Marjan Island and are expected to be completed in early 2028.
Location:
— Nearby there are restaurants such as Super Breeze Bar & Restaurant, Boons Brasserie & Bar, Ula and others. Al Hamra Village is a 15-minute drive away, where you can shop at Al Hamra Mall boutiques and enjoy a variety of dining and entertainment options. Al Hamra Golf Club and Al Hamra Marina & Yacht Club also offer a variety of activities.
“Al Amwaj Street provides easy access to Al Marjan Island Boulevard and then to Sheikh Mohammed Bin Salem Road, which connects vast areas of Ras Al Khaimah. Ras Al Khaimah International Airport (RKT) is a 30-minute drive away, and Dubai can be reached within an hour.
– Within a 15-20 minute drive there are schools such as Little Treasures, Chubby Cheeks Nursery Ras Al Khaimah and the Little Captain Nursery kindergarten located on the territory of the complex. Students can attend RAK Academy – Al Hamra-BSH British School or the New British International School. RAK Medical Center Al Hamra is a 10-minute drive away.
The 2,000-foot beach is steps away, overlooking the stunning island and bay. Al Marjan Island is quickly emerging as Ras Al Khaimah’s premier holiday destination; Wynn Al Marjan Island resort will open the first casino in the UAE and attract tourists from all over the world.
Economic attractiveness:
— After completion of construction in February 2028, investors can expect 15-20% profit from the resale of their properties.
— Investors can also rent it out to receive additional passive income.
– At the end of 2023, the yield for one-bedroom residences on Al Marjan Island averaged 6 %, with annual rents starting from 30 dirhams (8 thousand US dollars).
However, foreign buyers are eligible for renewable 2- or 10-year UAE residence visas, with the latter covering dependents and staff. The minimum investment to obtain a residence visa is 750 thousand dirhams (204 thousand US dollars) and 2 million dirhams (545 thousand US dollars), respectively.
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