Leading developer Emaar Properties has launched a new luxury project called Address Residences Al Marjan Island. It was developed in association with the internationally recognized Address Hotels & Resorts. The branded homes, which are scheduled to be completed in early 2028, are situated in a desirable area of Al Marjan Island’s View Island.
There are townhouses with 2-3 bedrooms, two opulent 4-bedroom penthouses, and branded 1-3 bedroom apartments available. The sizes vary from a cozy 659 square feet to an expansive 2,896 square feet. The floor layouts will be designed to accommodate all needs and desires. The master suites of each property feature built-in wardrobes. Townhouses feature foyers and laundry rooms, while penthouses feature open kitchens and two balconies. In addition, the townhouses include two upper balconies and terraces on the ground floor. The large windows highlight the breathtaking views of the waterfront and flood the interiors with natural light. Additionally, a half-floor property with a minimum 4,412 square feet can be purchased.
Resort-style features such a kids’ playground, contemporary gym, waterfront promenade, infinity pool, spa, and yoga area will be available to residents. You can spend your evenings dining well, and the padel tennis and volleyball courts, together with the water activities provided, will appeal to those who lead an active lifestyle.
A 2,000-foot beach with breathtaking views of the bay and island is just steps away. Al Marjan Island is rapidly becoming into Ras Al Khaimah’s top resort destination; the Wynn Al Marjan Island resort will open the first casino in the United Arab Emirates and attract travelers from all over.
Ula, Boons Brasserie & Bar, Super Breeze Bar & Restaurant, and other eateries are close by. You may browse at the boutiques in Al Hamra Mall and take advantage of the numerous dining and entertainment options in Al Hamra Village, which is just a 15-minute drive away. Numerous leisure activities are also provided by Al Hamra Marina & Yacht Club and Al Hamra Golf Club.
Connecting the outlying areas of Ras Al Khaimah, Al Amwaj Street makes it simple to reach Al Marjan Island Boulevard and then Sheikh Mohammed Bin Salem Road. It takes thirty minutes to get to Ras Al Khaimah International Airport (RKT), and an hour to get to Dubai.
It takes 15 to 20 minutes to get to nearby schools, including Little Treasures, Chubby Cheeks Nursery Ras Al Khaimah, and the Little Captain Nursery on-site. Pupils can enroll at New British International School or RAK Academy – British School Al Hamra-BSH. Ten minutes away is the RAK Medical Centre Al Hamra clinic.
Al Marjan Island’s Address Residences has something to offer everyone. While large penthouses and townhouses will accommodate the needs of the family, apartments are ideal for young couples and individuals. You can enjoy cozy beachside living with luxurious amenities and enthralling views from the apartments here. Interested purchasers might benefit from a 90/10 payment plan with a 10% down payment required while building is underway.
When the project is finished in February 2028, investors can choose to lease the property out for extra passive income, or they can choose to resell it for a profit of between 15% and 20%. As of the end of 2023, one-bedroom apartments on Al Marjan Island yielded an average of 6%, with yearly rentals beginning at AED 30K (USD 8K).
Foreign purchasers can apply for UAE resident permits that are renewable for two or ten years, with the latter encompassing workers and dependents. AED 750K (USD 204K) and AED 2M (USD 545K) are the minimum investment requirements for the resident visas, respectively.