Al Marjan Island, Ras Al Khaimah Off-plan projects, prices & payment plans

We track 2 projects in Al Marjan Island with payment plans and handover dates, including Jacob & Co Residences, Costa Mare. Popularity is not quality — check each project's payment plan, developer record and completion date before you buy.

Payment plans on projects we track in Al Marjan Island include 20/20/60 (Jacob & Co Residences); 20/50/30 (Costa Mare). The figures are the percentages paid on booking, during construction and at or after handover. Confirm the plan in your sale agreement — developers revise them.

Al Marjan Island is a group of four man-made coral-shaped islands off the coast of Ras Al Khaimah, roughly 45–60 minutes north of Dubai and about 25 minutes from RAK city. It is the emirate's principal beachfront resort and residential district.

One reason above all others: Wynn Al Marjan Island, the UAE's first licensed casino resort. Its announcement repriced the entire island, drawing hotel operators, branded residences and speculative buyers. That is a genuine catalyst — but it also means the market has largely priced the good news already, and the whole thesis rests on a single project delivering on schedule and performing to forecast.

The honest framing is that it is a concentrated bet, not a diversified one. The upside is real: beachfront that cannot be replicated, a genuine tourism catalyst, and pricing below comparable Dubai waterfront. The risk is that almost every forecast depends on one resort. If Wynn opens late or arrival numbers disappoint, there is no second engine to carry the market. Size the position as you would a single-catalyst investment, not as core property exposure.

Around 7% gross is the common projection, but be careful with that number — most of it assumes short-let occupancy at resort-driven rates rather than long-term tenancy. Short-let income is more volatile, carries management fees of 15–25%, and depends on tourism volumes that are themselves a forecast. Ask for actual occupancy data from comparable operating buildings before accepting a projection.

Yes — Al Marjan Island is freehold and open to all nationalities. Note that title is registered with the Ras Al Khaimah authorities, not the Dubai Land Department, and the regulatory framework including escrow protections and dispute resolution differs from Dubai's. Do not assume DLD rules apply.

Roughly 45–60 minutes to northern Dubai and up to 75 to Dubai Marina, depending on traffic. That rules out daily commuting for most people, which is why the buyer and tenant pool here is weekend, holiday and short-let rather than resident professional.