SPECIALISTS IN RAK REAL ESTATE
AREA GUIDE
Al Marjan Island,
Ras Al Khaimah
RAK's entertainment capital: four man-made islands of beach hotels, beach clubs and branded towers, where Wynn opens the UAE's first licensed gaming resort in September 2027. Apartment prices have risen fastest here, and the most new homes are still to come.
Karolina Dean, Managing Director & Co-Founder
Updated 8 October 2026
Image: Wynn Resorts
AT A GLANCE
PRICE PER SQ FT
AED 1,160
apartments, the highest of the areas tracked
ValuStrat, Q2 2026
RENT, 1-BED
AED 49,000
a year, from; the middle half asks up to AED 62,000
Property Finder, 30 Sep 2026
APARTMENT PRICE CHANGE
+23.1%
on Al Marjan Island
CBRE, H1 2026
NEXT TO HAND OVER
Q4 2026
Moonstone and Fortune Bay Residences, then Sunshine Bay
Our off-plan register, Oct 2026
THE AREA
Who Al Marjan Island suits, and who it doesn't
Facts first. Where we give our own view, we say so.
It suits
People who want to be where the action is. Wynn Al Marjan Island, with 1,542 rooms, holds the UAE's first gaming licence and opens in September 2027 (Wynn Resorts, Oct 2024 and Aug 2026; CBRE, H1 2026). The islands already have beach hotels, beach clubs and 7.8 km of beaches (Property Finder, Oct 2026).
Buyers who want the strongest recent growth. Apartment prices rose 23.1% in a year, the most of any area (CBRE, H1 2026).
Buyers of branded homes. Most of RAK's branded launches are here, from Janu by Wynn, Nobu and JW Marriott to Karl Lagerfeld and Tonino Lamborghini (our off-plan register, 9 Oct 2026).
It doesn't suit
Families who want a villa and a garden. There are few, and three-bedroom villas in Danah Bay ask about AED 5.8m (Property Finder, Oct 2026).
Buyers who need to move in soon. Most of the 45 schemes here hand over between 2027 and 2029 (our off-plan register, 9 Oct 2026).
Anyone after quiet. Our own view: with Wynn open, the islands will be busy, day and night. Mina Al Arab and Al Hamra Village are calmer.
What to watch
Supply. Al Marjan Island holds 64% of RAK's new homes due by 2030 (CBRE, H1 2026). As they hand over, tenants will have more to choose from.
Wynn's date. Its opening moved from March to September 2027 (Khaleej Times, Sep 2026). Much of the island's story depends on it.
Prices are levelling. Apartment prices fell 2.4% in the second quarter, though they are still up 23.1% on a year ago (CBRE, H1 2026).
THE FOUR FIGURES
Al Marjan Island in four figures
The same four figures in every one of our area guides, each with its source and date. We update them every quarter; next in January 2027.
01
Price per sq ft
AED 1,160
per sq ft, apartments
ValuStrat, Q2 2026
In a year: apartments +9.4% (ValuStrat, Q2 2026); +23.1% (CBRE, H1 2026). The two indexes differ, and CBRE's run higher. Neither tracks villas here: there are too few sales.
02
Rent by bedrooms
Apartments
STUDIO
1 BED
2 BED
3 BED
31,000–42,000
49,000–62,000
65,000–85,000
100,000–140,000
Villas and townhouses
2 BED
3 BED
4 BED
5 BED
119,000–145,000
199,000–230,000
210,000–260,000
–
Yearly asking rents in AED, the middle half of homes listed; a dash means too few listed. Property Finder, 30 September 2026. The same figures as our Renting in RAK page.
03
Rents over the year
APARTMENTS
+3.2%
CBRE, H1 2026
VILLAS AND TOWNHOUSES
–
No CBRE figure for villas here
These are the figures for October 2026, and they will move. Wynn opens in September 2027, and most of RAK’s new homes hand over here by 2030. We update them every quarter.
For Ras Al Khaimah as a whole, REIDIN puts the gross yield on apartments at 2.99% (September 2026), and ValuStrat puts the average across apartments and villas at 5.3% (Q2 2026). Neither is a figure for this area. Ask us for further yield analysis.
Rents: CBRE, H1 2026, the change over the year to June 2026.
ASK US FOR FURTHER YIELD ANALYSIS: CONTACT → · WHAT IT COSTS TO OWN: COSTS AND YIELDS →
04
What hands over next
SCHEME
DEVELOPER
STATUS
HANDOVER
Durar Group
Selling
Last quarter of 2026
Topero Properties
Listed
Last quarter of 2026
Source of Fate
Selling
First quarter of 2027
Ellington
Sold out
Second quarter of 2027
Major Developers
Selling
Second quarter of 2027
BNW
Selling
Second quarter of 2027
The first six to hand over of the 45 schemes in our register. The developer's own page or release where it gives a date, otherwise Property Finder's project page, read 9 October 2026. Handover dates often move.
EVERY SCHEME IN RAK: THE OFF-PLAN REGISTER →
WHAT'S BEING BUILT
Branded towers by the beach, next to Wynn
Almost everything being built here is apartments, and many carry a hotel or fashion brand. Two schemes show the range.
Developer's image: Ellington Properties
Karl Lagerfeld Beach Residences
BY AARK DEVELOPERS
661 branded homes, 622 apartments and 39 villas, launched in early 2026 (AARK Developers; CBRE, H1 2026). Due in the second quarter of 2028 (our off-plan register, 9 Oct 2026).
Costa Mare
BY ELLINGTON
Apartments on the beach, by a developer that has finished homes in Dubai (our off-plan register, 8 Oct 2026). Due in the third quarter of 2028 (Property Finder, read 8 Oct 2026).
Also being built here, among 45 schemes: Janu Residences by Wynn and Marjan, Nobu Residences, JW Marriott Residences, Address Residences and Tonino Lamborghini Residences (our off-plan register, 9 Oct 2026).
We name these to show the area, not to recommend them. Every scheme on the island, with its developer and handover date, is in our off-plan register.
Image: Wynn Resorts
LIVING HERE
What it's like to live here
WHAT'S HERE
Four islands with 7.8 km of beaches, beach hotels and clubs, water sports and branded residences (Property Finder, Oct 2026). Wynn Al Marjan Island, a US$5.7 billion resort and the UAE's first licensed for gaming, opens in September 2027 (Wynn Resorts, Oct 2024 and Aug 2026).
GETTING ABOUT
About 45 minutes by car to Dubai International Airport. The island borders Al Hamra Village and Mina Al Arab, and there are no bus stops on it (Property Finder, Oct 2026).
WHO LIVES HERE
Mostly apartment owners and tenants, and holiday homes. Families make up 13% of residents on Property Finder's profile (Oct 2026).
FROM THE WATER
We take you out on the boat to see the islands and the Wynn site from the sea, the view few buyers get before they choose.
QUESTIONS
Questions people ask about Al Marjan Island
When does Wynn Al Marjan Island open?
Wynn Resorts gives September 2027 for the US$5.7 billion resort (Wynn Resorts, Aug 2026). It was earlier due in March 2027.
How is Al Marjan Island different from Al Hamra Village?
Al Marjan Island is four man-made islands where most of RAK's new apartments are being built, next to Wynn. Al Hamra Village, next door on the mainland, is largely built, with villas, townhouses and apartments around a golf course and marina.
Can foreigners buy on Al Marjan Island?
Yes. The island is freehold, so you can own the home outright (Property Finder, Oct 2026).
What does an apartment rent for on Al Marjan Island?
One-bedroom apartments ask AED 49,000 to 62,000 a year, and two-bedroom apartments AED 65,000 to 85,000 (Property Finder, 30 Sep 2026). Tell us what you need and we will send what is available within the hour.
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Every Monday, by email: what opened, what moved and what slipped in RAK that week, dated and sourced.
