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From AED 1,74M (USD 474K)
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Handover Q1 2028
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Payment Plan Easy 90/10
About Address Residences Al Marjan Island
Address Residences is a new project by the largest developer in the Middle East, Emaar Properties, which consists of several residential towers, townhouses and a hotel. The complex is located in the picturesque heart of Al Marjan Island – on View Island in Ras Al Khaimah. It is being developed in collaboration with the Address Hotels + Resorts brand, providing residents with top-notch hotel infrastructure and services.
There are 1-3 bedroom apartments, 4-bedroom penthouses and 2-3-bedroom townhouses available for purchase, as well as half-floors. In April 2024, the final stage was launched, which will include three residential towers with apartments and three-storey townhouses. All units feature built-in wardrobes in the master bedrooms. The penthouses come with an open-plan kitchen and two balconies. Additionally, townhouses include a laundry room and a foyer. The ground floor is equipped with a terrace, while the second floor has two balconies. Panoramic windows allow ample natural light into the homes and offer luxurious views of the gulf and the surroundings.
In close proximity to the residences, you can find numerous luxurious resorts, including Rixos Bab Al Bahr, Movenpick Resort Al Marjan Island and DoubleTree by Hilton Resort & Spa Marjan Island.
Economic appealfor investors
While the project is still under construction, the developer is offering buyers an advantageous payment plan of 90/10 with a 10% down payment. This deal is valid until February 2028. Once the complex is completed, investors will be able to resell the property at a higher price and earn approximately 15–20% in profit, or they can choose to rent out the residences for passive income. By the end of 2023, the profitability for 1-bedroom apartments on Al Marjan Island stood at 6%. This type of property can be rented out at a price of AED 38K (USD 10K) per year.
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About the developer
Its portfolio includes first-class world-record breaking landmarks such as the tallest skyscraper, the Burj Khalifa, and the largest shopping centre, Dubai Mall. Address Hotels + Resorts is the first branded collaboration launched by Emaar Hospitality Group's subsidiary company. Address is also a leader in serviced residences and apartments.
Location & Advantages
Address Residences is located on Al Marjan Island Boulevard, offering quick access to any part of the emirate.
Metropolitan Group
With over 16+ years of experience, Metropolitan Group is one of the largest and most reliable agencies in the UAE. Our offices are located in Dubai, Abu Dhabi and Vienna.
No 4 Emaar Properties’ Broker Awards - 2023
No 1 Black Onyx Awards, Dubai Properties and Meraas Holding - 2023
No 1 Top Partner Metropolitan Premium properties - 2023
No 3 DAMAC Broker Awards Metropolitan Premium Proprties - 2023