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Address Residences Al Marjan Island

Al Marjan Island · Emaar Properties

Project factsheet

Developer Emaar Properties
Status Under construction
District Al Marjan Island
Layouts 1, 2 and 3 bedrooms
Handover Q4 2028

Layouts and the handover date come from the sales-launch announcement; the date of that announcement is shown next to the prices. It is what the developer claimed at launch, not a registry record — off-plan, phasing and dates get revised. I will send the current ones over WhatsApp.

Floor plans

Floor plans from the developer's own materials. The areas and the unit split on them were correct when the drawing was issued — check them against the plan attached to the contract before the deal.

About the building

Located in Al Marjan Island, currently under construction. Developer — Emaar Properties.

Specifications for Address Residences Al Marjan Island as published by the developer — the project is under construction, so there is no Land Department record yet. They describe the whole building, not the individual unit.

About the project

Address Residences Al Marjan Island is a residential complex of several buildings in Al Marjan Island, handover is due Q4 2028.

The developer is Emaar Properties.

Layouts, according to the sales-launch announcement — 1, 2 and 3 bedrooms.

The database currently holds 3 lots in this project, from 1 550 000 AED; 3 of them priced below the market, the deepest discount 24%.

An Emaar building in the Address line on the Al Marjan peninsula in Ras Al Khaimah — walking distance from the Middle East's first casino, under construction. One-bedrooms from $475,000.

Why this was pitched as a speculative play

Four arguments were made at launch: a waterfront location, a low entry price for a beachfront spot, proximity to the future gaming resort, and a government developer — meaning reliability and liquidity.

The exit was spelled out directly: resale in 2027, once the resort is complete, by which point about 80% of the price will have been paid. The expected uplift was estimated at 20–30%.

Prices and terms

One-bedroom — $475,000, two-bedroom — $880,000, three-bedroom townhouses — $2.15 million. Booking $27,300.

The instalment plan is heavy: 90% during construction and only 10% on handover. Completion — end of 2028.

The rental side

With the emirate's hotels running about 87% occupancy on average, premium projects post an even higher figure. Given the seaside location and the casino next door, post-handover short-term rental income was projected above 10%.

This is the selling side's forecast. What's verifiable here is the resort's construction itself and hotel occupancy; the return percentage is not.

Prices, booking, payment schedule and completion date — launch materials, 28 April 2024. Value-uplift and rental-return estimates — the selling side's forecast from the same materials.

Handover payment

A mortgage covers the final instalment

The final payment on this building falls in 2028 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.

  • Up to 80% of the appraised value, no extra down payment
  • 3.99% fixed for three years, up to 25 years in term
  • 6–12 months before the keys — the bank wants six months of income history

Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.

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Frequently asked about Address Residences Al Marjan Island

Who is the developer of Address Residences Al Marjan Island?

Emaar Properties.

When is Address Residences Al Marjan Island handed over?

The sales-launch announcement says Q4 2028. The date in the contract for a particular unit can differ — I check it before the deal.

What layouts are there in Address Residences Al Marjan Island?

1-bedroom, 2-bedroom and 3-bedroom, according to the sales-launch announcement. Which sizes are actually free right now depends on what is on the market; I will send the current list.

How much does an apartment in Address Residences Al Marjan Island cost?

The database currently holds 3 lots in this project, from 1 550 000 AED; 3 of them priced below the market, the deepest discount 24%. Prices move every day, so it is worth asking for the current list for this building.

In the news

What has been written about the building, its developer and Al Marjan Island

Al Marjan Island: Fairmont Residences by Ardee, and Oystra by Zaha Hadid

Ardee has poured foundations for its AED 2bn Fairmont Residences, while Richmind's Oystra — with a curved steel truss designed by Zaha Hadid Architects — sold out its first phase and launched a second. Here is what is actually under construction on the island next to the Wynn resort.

Where this project stands today

Message me for the free layouts in Address Residences Al Marjan Island, the real entry price and what owners and tenants say — not the brochure copy.

Ask a question

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