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Chapter 2. Al Marjan Island: A Man-Made Paradise for Living and Investing in Ras Al Khaimah.
Al Marjan Island is a man-made archipelago that extends 4.5 kilometers into the sea, covering 2.7 million square meters. It is one of the most picturesque and sophisticated areas of Ras Al Khaimah, offering a range of world-class facilities and amenities for residents and visitors alike.
In this chapter, Real Estate Group will explore the various aspects of Al Marjan Island, such as its location, business life, cultural life, education, shopping and entertainment, health, and real estate.
1. Location.
- Al Marjan Island is located in the heart of Ras Al Khaimah, near the edge of Ras Al Khaimah and Umm Al Quwain Marina.
- Al Marjan Island is composed of four coral-shaped islands: Breeze Island, Treasure Island, Dream Island, and View Island.
- Al Marjan Island boasts a 23 km long spectacular waterfront and a 7.8 km long pristine sandy beach, providing stunning views and recreational opportunities for residents and visitors.
- Al Marjan Island has a population of over 15,000 people, comprising of various nationalities and backgrounds, creating a diverse and vibrant community.
2. Business Life.
Al Marjan Island is home to several business centers and companies that cater to different sectors and industries, such as tourism, hospitality, retail, education, and health.
Some of the prominent business centers and companies in Al Marjan Island are:
- Al Marjan Business Center: A 12-storey commercial tower that offers modern and flexible office spaces, meeting rooms, and conference facilities, with panoramic views of the Arabian Gulf and the island.
- Al Marjan Mall: A three-storey shopping center that hosts over 100 retail outlets, including international brands, local shops, and a supermarket, as well as a food court, a cinema, and a kids’ play area.
- Rixos Bab Al Bahr: A luxury hotel that features 650 rooms and suites, 14 restaurants and bars, a spa, a fitness center, and a private beach, as well as a grand ballroom and several meeting rooms for events and functions.
- Marjan Island Resort & Spa: A luxury hotel that features 299 rooms and suites, seven dining outlets, a spa, a fitness center, and a private beach, as well as a banquet hall and several meeting rooms for events and functions.
Al Marjan Island is advantageous for business establishment and residence for professionals from different companies because:
- It offers a freehold ownership scheme, which allows foreigners to buy and sell properties without any restrictions or fees.
- It provides a tax-free environment, which means that there are no income taxes, corporate taxes, or value-added taxes for businesses and individuals.
- It supports a work-life balance culture, which means that professionals can enjoy a high quality of life, with access to various leisure and entertainment options, as well as a safe and secure neighborhood.
3. Cultural Life.
Al Marjan Island has a rich and diverse cultural life, with various attractions, museums, and exhibitions that showcase the history, heritage, and art of Ras Al Khaimah and the UAE.
Some of the cultural attractions and museums in and near Al Marjan Island are:
- Al Marjan Museum: A museum that displays the history and development of Al Marjan Island, from its inception as a visionary project, to its completion as a modern and luxurious destination.
- RAK National Museum: A museum that exhibits the archaeological, historical, and ethnographical collections of Ras Al Khaimah, dating back to the prehistoric, Islamic, and colonial periods.
- RAK Fine Arts Festival: An annual festival that showcases the works of local and international artists, in various mediums such as painting, photography, sculpture, and digital art, at different venues across Ras Al Khaimah.
Some of the interesting events and shows that took place in Al Marjan Island in 2022 and 2023 and which are planned to take place in 2024 - 2025 are:
- Al Marjan New Year’s Eve Fireworks: A spectacular event that celebrates the end of the year and the beginning of the new one, with a dazzling fireworks display that illuminates the sky and the sea, setting a Guinness World Record for the largest aerial firework shell in 2018.
- Al Marjan Music Festival: A musical event that features the performances of local and international music artists and bands, from various genres such as pop, rock, jazz, and folk, at the Al Marjan Amphitheatre and the Al Marjan Beach.
- Al Marjan Food Festival: A culinary event that features the tastes and flavors of different cuisines and cultures, from local Emirati dishes, to international delicacies, at the Al Marjan Food Court and the Al Marjan Marina.
4. Education.
Al Marjan Island has a number of schools and universities that offer quality education for children and adults, in various curricula and disciplines.
Some of the schools and universities in and near Al Marjan Island are:
- RAK Academy: A school that follows the British curriculum, from the early years to the secondary level, with a focus on academic excellence, personal development, and global citizenship.
- GEMS Westminster School: A school that follows the British curriculum, from the foundation stage to the advanced level, with a focus on innovation, creativity, and leadership.
- American University of Ras Al Khaimah: A university that offers undergraduate and graduate programs in various fields, such as engineering, business, arts, and sciences, with a focus on research, community engagement, and internationalization.
- RAK Medical and Health Sciences University: A university that offers undergraduate and graduate programs in various fields, such as medicine, dentistry, pharmacy, and nursing, with a focus on excellence, professionalism, and ethics.
5. Shopping and Entertainment.
Al Marjan Island has a variety of shopping and entertainment options, that cater to different tastes and preferences, from fashion and lifestyle, to dining and nightlife.
Some of the shopping and entertainment centers in Al Marjan Island are:
- Al Marjan Mall: As mentioned earlier, this is a shopping center that hosts over 100 retail outlets, including international brands, local shops, and a supermarket, as well as a food court, a cinema, and a kids’ play area.
- Al Marjan Marina and Yacht Club: This is a marina and yacht club that offers a range of water sports and activities, such as sailing, fishing, kayaking, and jet skiing, as well as a restaurant, a bar, and a lounge.
- Al Marjan Golf Club: This is a golf club that features a 9-hole par 36 golf course, designed by Peter Harradine, that challenges and delights golfers of all levels, as well as a clubhouse, a restaurant, and a pro shop.
- The Bay Sports Bar: This is a sports bar that offers a lively and casual atmosphere, with multiple screens showing live sports events, such as football, rugby, cricket, and tennis, as well as a menu of snacks, drinks, and shisha.
- Trader Vic’s Mai Tai Lounge: This is a lounge that offers a tropical and exotic vibe, with a menu of signature cocktails, such as the Mai Tai, and a selection of Polynesian-inspired dishes, such as the Tiki Puka Puka and the Cheese Balls.
6. Health.
Al Marjan Island has a number of medical clinics, hospitals, and health care organizations that provide quality and affordable health care services for residents and visitors.
Some of the health care facilities in and near Al Marjan Island are:
- RAK Hospital: As mentioned earlier, this is a premium health care facility that offers a range of medical services, such as cardiology, orthopedics, neurology, dentistry, and cosmetic surgery, as well as a pharmacy, a laboratory, and a radiology department.
- Al Marjan Medical Center: This is a medical center that offers a range of primary and specialty health care services, such as family medicine, pediatrics, gynecology, dermatology, and physiotherapy, as well as a pharmacy and a laboratory.
- Al Zahrawi Hospital: This is a hospital that offers a range of secondary and tertiary health care services, such as emergency, intensive care, surgery, radiology, and laboratory, as well as a pharmacy and a blood bank.
- RAK Diabetes Center: This is a center that offers a comprehensive and holistic approach to diabetes management, with a team of specialists, educators, and counselors, as well as a pharmacy, a laboratory, and a nutrition clinic.
7. Real Estate.
Al Marjan Island is one of the best places to invest in residential or commercial real estate in Ras Al Khaimah, as it offers a variety of properties, such as apartments, villas, townhouses, and penthouses, with attractive prices, returns, and amenities.
According to Real Estate Group, the average prices and ROI of properties in Al Marjan Island are as follows:
- Apartments: The average price of an apartment in Al Marjan Island is AED 800,000 ($217,984), ranging from AED 300,000 ($81,744) for a studio to AED 2,500,000 ($681,199) for a 4-bedroom unit. The average rental yield of an apartment in Al Marjan Island is 7.5%, ranging from 6.5% for a studio to 8.5% for a 4-bedroom unit.
- Villas: The average price of a villa in Al Marjan Island is AED 3,500,000 ($953,678), ranging from AED 1,500,000 ($408,719) for a 2-bedroom unit to AED 15,000,000 ($4,087,193) for a 5-bedroom unit. The average rental yield of a villa in Al Marjan Island is 4.5%, ranging from 3.5% for a 2-bedroom unit to 5.5% for a 5-bedroom unit.
- Townhouses: The average price of a townhouse in Al Marjan Island is AED 2,000,000 ($544,959), ranging from AED 1,000,000 ($272,479) for a 2-bedroom unit to AED 3,500,000 ($953,678) for a 4-bedroom unit. The average rental yield of a townhouse in Al Marjan Island is 6%, ranging from 5% for a 2-bedroom unit to 7% for a 4-bedroom unit.
- Penthouses: The average price of a penthouse in Al Marjan Island is AED 2,500,000 ($681,198), ranging from AED 1,500,000 ($408,719) for a 2-bedroom unit to AED 4,000,000 ($1,089,918) for a 4-bedroom unit. The average rental yield of a penthouse in Al Marjan Island is 6%, ranging from 5% for a 2-bedroom unit to 7% for a 4-bedroom unit.
The benefits of living in Al Marjan Island for different types of residents are as follows:
- Couples: Al Marjan Island offers a romantic and relaxing lifestyle for couples, with access to the beach, the marina, the resorts, and the spa, as well as a variety of dining and entertainment options.
- Families with children: Al Marjan Island offers a safe and secure environment for families with children, with access to the schools, the mall, the hospital, and the playgrounds, as well as a diverse and friendly community.
- Young professionals: Al Marjan Island offers a dynamic and convenient lifestyle for young professionals, with access to the business center, the airport, the freehold ownership, and the tax-free environment, as well as a range of leisure and recreational options.
- Retirees: Al Marjan Island offers a peaceful and comfortable lifestyle for retirees, with access to the health care facilities, the fitness center, and the private beach, as well as a range of cultural and social activities.
Want to Buy Real Estate in Ras Al Khaimah? Write a Request in WhatsApp and Real Estate Group Will Find the Best Options for You. Everyone Buys With Us!
As you can see, Al Marjan Island is a man-made paradise for living and investing in Ras Al Khaimah, as it offers a range of world-class facilities and amenities, attractive prices and returns, and a diverse and vibrant community.
Whether you are looking for a romantic getaway, a family-friendly home, a dynamic workplace, or a peaceful retirement, Al Marjan Island has something for everyone. If you are interested in buying a property in Al Marjan Island, contact us today on WhatsApp and Real Estate Group will help you find the best property that suits your needs and goals. Don’t miss this opportunity to own a piece of paradise in Ras Al Khaimah.
