Mortgages for Al Marjan Island Properties
Finance a beachfront property on Ras Al Khaimah's premier island — future home of the Wynn Resort and UAE's first casino.
Al Marjan Island is Ras Al Khaimah's flagship development — a group of four coral-shaped artificial islands in the Arabian Gulf. Al Marjan is rapidly becoming the UAE's most exciting emerging property market, driven by the upcoming Wynn Al Marjan Island resort which will feature the UAE's first land-based casino. Property values on Al Marjan have surged 50-100% since the Wynn announcement, yet prices remain significantly below Dubai. The island is home to Rixos, Double Tree, Hampton by Hilton, and other international hotel brands.
Key Facts
| Apartment price range | AED 800K – AED 4M |
| Villa price range | AED 3M – AED 15M |
| Average rental yield | 6–9% per annum |
| Ownership type | Freehold (all nationalities) |
| Price growth since 2022 | 50–100% |
| RAK registration fee | 2% of property value |
Key Points
- Wynn Al Marjan Island resort (opening ~2027) will feature UAE's first land-based casino — a major value catalyst.
- Property prices still 40-60% below comparable Palm Jumeirah — significant growth runway remaining.
- Strong rental yields (6-9%) driven by existing international beach hotels and growing tourism.
- RAK's 2% transfer fee (vs Dubai's 4%) reduces purchase costs significantly.
- RAKBANK is the specialist lender for Al Marjan Island properties.
- International brands including Wynn, Rixos, and Movenpick validate the island's global appeal.
Frequently Asked Questions
Is it safe to invest in Al Marjan Island given the Wynn casino?
The Wynn Al Marjan Island resort has received full RAK government approval and is under construction. Wynn Resorts is a publicly listed US company with strict governance. The resort is widely considered a transformative infrastructure event for the island.
Which banks finance Al Marjan Island properties?
RAKBANK is the specialist lender for RAK properties. Emirates NBD, CBD, and some other UAE banks also cover Al Marjan Island. Mortigo can confirm current lender availability for specific properties.
What are current Al Marjan Island prices?
Apartment prices on Al Marjan Island range from approximately AED 800K (studio) to AED 4M (2-bedroom beach-facing). Villas range from AED 3M to AED 15M+ for beachfront frond villas.
Can non-residents buy property on Al Marjan Island?
Non-residents can purchase freehold property on Al Marjan Island. However, mortgage options for non-residents are limited — most banks require UAE residency. Cash purchases are common for overseas investors.
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