Is it a good time to invest in Marjan Island Ras Al Khaimah?
If there is a list of contenders who are vying to get into the legacy club of highly sought-after real estate destinations in the UAE, Al Marjan Island would find itself pretty high on it. Believed to give top-notch cities such as Dubai, Sharjah, and Abu Dhabi a run for their money, this archipelago is breathing life into its real estate market in unprecedented ways, which means this is the best time to invest in Al Marjan Island.
The island brings with it a plethora of lucrative features heightening its appeal among investors across the globe. A true testament to the shining endowment of the UAE’s opulence and luxury, Al Marjan is a land of promising opportunities.
Let us get to know the island a bit better and figure out why this is the best time to invest in Al Marjan Island. We also will give you a sneak peek into one of its most awaited real estate projects at the end. So, read on.
An Overview of Al Marjan Island
Al Marjan Island is an archipelago made of four coral-shaped man-made islands. Located in the emirate of Ras Al Khaimah, it is steadily being viewed as a prime real estate, tourism, and lifestyle destination of the Middle East. The stunning landscape surrounded by immaculate water makes the scenery on the island breathtaking.
The island has 7.8 km of gorgeous beaches and stunning landmarks with a perfect blend of Ras Al Khaimah’s archaeological history and the lavish lifestyle of present-day shopping malls and entertainment zones. It covers an area of 2.7 million square meters and beautifully extends 4.5 km into the sea.
Now is the Best Time to Invest in Al Marjan Island
There is no better time than the present to invest in Al Marjan Island. The archipelago checks all the boxes of a profitable investment and is steadily shaping itself as a trailblazing real estate destination in the Middle East. This island is the one to watch out for and is already grabbing the attention of investors across the globe for the following reasons.
Strategic Location
Al Marjan Island wins huge points due to its geographical advantage, giving it undisputed dominance over the Ras Al Khaimah real estate market. It’s location facilitates the easy flow of trade and commerce in and out of the island, making it appealing to the eyes of several industrial sectors.
The Ras Al Khaimah International Airport is the nearest airport and provides easy access to domestic as well as international business travelers and tourists. Its proximity to Dubai also heightens its value from a commercial point of view. This, in turn, helps in making the export and import of goods to and from the island a seamless mechanism and generates employment in huge strides in the process.
Advanced Urban Infrastructure
Even though the real estate sector of the island is a relatively younger one compared to the others in the country, Al Marjan Island boasts a powerful blend of urban infrastructure backed by powerful technology. This is clearly reflected in the magnificent architecture of the residential buildings and public landmarks.
Be it the road networks or retail industry, the infrastructure laid by the government and private sectors is nothing short of extraordinary on the island. This also makes easy access to modern amenities that contribute to the dream urban lifestyle. The exemplary technological advancements that the island boasts of presently open the doors for more progressive developments and invite the likes of high-net-worth families to its shores.
Booming Tourism
The effervescent tourism industry of Al Marjan Island not only serves as a foundational pillar of the economy of Ras Al Khaimah but also is a major factor that has led to the development of other allied sectors, the primary being the real estate market of Ras Al Khaimah. With azure water and serene beaches, the island offers picturesque locations in every direction you lay your eyes on.
The archipelago has come to be one of the most distinguished locations in the UAE for foreigners to visit and is often found in the itinerary of tourists. This has even encouraged some of the leading global hotel brands to open their chains on the island. The pristine sandy beaches along with the blue water make for uninterrupted breath-taking views that are a treat for the eyes and souls.
Favorable Business Climate
The favorable business climate of Al Marjan Island provides a conducive environment for a wide array of industries to thrive, flourish, and expand. The Government of Ras Al Khaimah has taken huge initiatives to enhance the business climate of the island. With the ease of streamlining business registration and tax-free zones, this island is a valuable platform for investors and entrepreneurs.
The influx of foreign investors thanks to the efforts of the official authorities of the city in fostering healthier relationships with foreign states helps elevate the economy. This directly favors the real estate market of the island. With more recognition the island receives, it makes it even more sense to invest in it. This is the prime time of its development and is therefore yielding favorable results for the investors.
Limited Land Supply
At the end of the day, Al Marjan Island is a small island with relentless potential. As more and more awareness of the profitable possibilities of the real estate sector of the island is being spread, the demand for it is also increasing. With limited availability of land and unlimited demand for residential and commercial properties, there is a huge parity between supply and demand, which is music to investors’ ears as it will generate huge profits in the near future.
Therefore, the sooner you invest on the island, the better price you can get on the property of your choice. Not to mention, the diversity of residential properties gives endless options for investors. Cozy studio apartments, luxury multi-room apartments, gorgeous penthouses, splendid townhouses, and opulent villas, along with spectacular commercial properties by top property developers, make the real estate market of the island one of the most sophisticated ones.
Impact of Wynn Resorts
Wynn Resorts is among the leading hotel brands in the world and it is soon going to make its presence on the island. The multi-billion dollar project is going to be the epitome of a premium luxury experience for tourists and will generate huge employment. The brand’s signature style will be reflected in its suites and rooms and will undoubtedly be a major architectural landmark for the UAE.
It is going to be the crème de la cream of entertainment, dining, and lounging destinations. This flagship project is bound to draw significant attention to the island, which in turn, will give a boost to tourism. In the process, demand for rental options will heighten, amplifying the reasons to invest in Ras Al Khaimah even more.
High ROI Potential
Al Marjan Island has loads of avenues to offer for those of you who are looking for properties that you can use as a remuneration investment option in the future. Due to the fact that the tourism industry along with the trade and commerce industry generates huge employment on the island, settlements from around the world are rampant. They are always on the lookout for rental properties, which means the rental options in the real estate market are skyrocketing.
If you are investing in its properties, then you can expect a steady monthly income owing to the high Return on Investment (ROI). The capital appreciation makes your properties valuable for re-sale options as well. Furthermore, the Gross Domestic Product (GDP) of Ras Al Khaimah has shown tremendous growth in the past several years, which again proves the viability of the investments on this island.
Sustainability Living
Making conscious and environment-friendly choices is crucial now more than it has been ever before. With the signs of man-made damages being reflected clearly in nature that have led to the global climate crisis, the demand for sustainable living is being slowly realized. Demand for properties on the island will remain high as more demand for green living will increase in the future.
With eco-friendly practices and conservation being given extreme priority in the design of residential and even commercial properties on the island, the real estate sector is doing its part in giving back to nature. Be it the water conservation practices, waste management, or the use of energy-efficient technologies, the island ensures a low carbon footprint through its responsible efforts. This vision is going to give the real estate sector the longevity it needs to survive and sustain in the future.
Aqua Arc: The Jewel of Al Marjan Island
We are developing one of the most awaited residential projects of Al Marjan Island. Aqua Arc is a highly anticipated residential project that offers opulent units with a perfect amalgamation of comfort, sophistication, and luxury.
There are 226 units on offer, each with an impeccable design crafted to perfection for your urban lifestyle. With unmatched views of pristine water and serene landscape, you will have access to bespoke amenities. Not to forget, the starting price of AED 2.3 million also means that investing in this property will make foreign investors eligible for the UAE Golden Visa, giving them long-term residency in the UAE.
Al Marjan Island has gone ahead of its contemporaries in ensuring it imbibes sustainability at the core of its architectural designs, which makes its real estate sector even more evergreen and futuristic. And this is clearly reflected in the architecture of Aqua Arc as well. The flexible payment plans make investing in it a more economical option. We also have multiple such projects aligned for this wonderful island, and world has already started recongnizing us as The King of Al Marjan Island of the real estate sector. So, what are you waiting for? Treat yourself to this serene oasis and make it your home.
To Conclude
Al Marjan Island is undoubtedly among the most underrated gems of the UAE in terms of investment potential. It is slowly getting its due as it is getting more and more recognition from investors across the globe. From high capital gains to a splendid diversity of properties, from the favorable business environment to the strategic location of the island, Marjan Island has everything you need for a smart investment.
Even though it is home to many industrial developments, the island has not forgotten its responsibility to nature. The way the island brings a perfect fusion of technological advancements and sustainable practices in the architecture of its real estate sector and overall infrastructure is a testament to why it is going to sustain and remain in demand.
FAQs
Questions about Investing in Marjan Island
Is it a good time to Invest in Al Marjan Island?
Yes, this is a good time to invest in Al Marjan Island Ras Al Khaimah as the real estate sector of the island is in its development stage. Investing now will boar you profitable results owing to the high ROI and demand for properties on the island.
What property types are available at Al Marjan Island?
Al Marjan Island has a plethora of properties for you to invest in. Whether you want to invest in a commercial property or a residential property, you will find everything in the real estate sector of the island. Lavish villas, luxurious penthouses, opulent townhouses, cozy apartments; you name it, and you will find it on the island.
What are the property starting prices at Al Marjan Island?
The starting prices of properties at Al Marjan Island depend on the type of property. For instance, the starting price of Aqua Arc is AED 2.3 million.
Can foreigners buy property on Al Marjan Island?
Yes, foreigners are allowed to buy properties on Al Marjan Island. The availability of options for freehold properties on the island gives foreigners the right to own properties completely.
What are the top beaches on Al Marjan Island?
Al Marjan Island boasts several pristine beaches where you will be surrounded by azure, crystal-clear water with mesmerizing views. The most prominent beach that you have to include in your itinerary if you are visiting Al Marjan Island is Turtle Beach which is home to several species of turtles who live in the shallow waters along the beautiful coast.
What is the cost of living in Ras Al Khaimah?
The cost of living in Ras Al Khaimah is subjective and heavily depends on your lifestyle. It depends on the type of residential unit you are renting, and the amount of money you are spending on food, utilities, education, healthcare, and entertainment, among others. But, the cost of living in Ras Al Khaimah is generally more affordable than some of its peers such as the cost of living in Dubai. We can say that having a monthly salary of AED 15,000 can give you a comfortable life in Ras Al Khaimah.