Al Marjan Island Draws 64% of RAK Off-Plan Apartment Interest

The property portal’s analysis found that Al Marjan Island captured 64.4% of off-plan apartment views during the period. The five most-viewed off-plan apartment projects were also located on the island and collectively accounted for approximately 64% of project views.

The figures point to a concentrated off-plan market, even as completed properties continue to attract a broader share of residential buyer interest across Ras Al Khaimah.

Ready homes generated 59.4% of residential sales views on Bayut, compared with 40.6% for off-plan properties.

Fibha Ahmed, VP of Property Sales at Bayut, said:

The data reveals two distinct dynamics within Ras Al Khaimah’s residential market. Ready homes continue to attract the majority of overall interest, reflecting demand from buyers looking for established communities and properties available today. In the off-plan segment, however, interest is strongly concentrated around Al Marjan Island and projects offering waterfront locations, branded residences and lifestyle-led experiences. This suggests that new development alone is not the primary draw; buyers are responding to projects with a clear destination and lifestyle proposition.

Al Marjan Island leads off-plan apartment demand

Al Marjan Island recorded an average advertised apartment price of approximately AED 2.98 million while accounting for 64.4% of off-plan views.

Mina Al Arab ranked second with 13% of views and an average advertised price of AED 1.87 million.

RAK Central attracted 10% of views, with apartments advertised at an average of AED 1.23 million, while Al Hamra Village accounted for 4.6% of views and an average price of approximately AED 2.05 million.

The concentration of interest around Al Marjan Island comes as the waterfront destination continues to expand its residential and hospitality offering. Marjan, the master developer, describes the development as four coral-shaped islands spanning 23 kilometres of waterfront, with a growing pipeline of residential and branded projects.

Playa Viva tops project views

At project level, Playa Viva was the most-viewed off-plan apartment development during the period, accounting for 23.2% of views. Its average advertised price was approximately AED 1.29 million.

Rosso Bay Residences followed with an 11.4% share and an average advertised price of AED 2.69 million.

Tonino Lamborghini Residences attracted 11% of views, with an average price of approximately AED 3 million.

Address Residences Al Marjan Island accounted for 10% of views at an average advertised price of AED 3.60 million, while Nikki Beach Residences recorded 8.3% of views and an average price of approximately AED 3.65 million.

Bayut’s current off-plan listings also show a large concentration of apartment inventory on Al Marjan Island across a range of branded and waterfront schemes.

Ready homes remain the larger market

While off-plan demand was concentrated on Al Marjan Island, interest in completed apartments was spread more evenly across established communities.

Al Hamra Village led the ready-apartment segment with 26.5% of views, narrowly ahead of Al Marjan Island at 26%. Yasmin Village accounted for 24.5%.

Average advertised prices stood at approximately AED 1,091 per sq ft in Al Hamra Village, AED 1,374 per sq ft on Al Marjan Island and AED 312 per sq ft in Yasmin Village.

Demand for ready villas was more concentrated. Al Hamra Village accounted for 39% of views, followed by Mina Al Arab at 25%.

Average advertised villa prices reached approximately AED 1,344 per sq ft in Al Hamra Village and AED 1,166 per sq ft in Mina Al Arab.

Off-plan villa interest remained comparatively limited. Al Hamra Village and Al Marjan Island each accounted for 2.6% of views, while the average advertised price for an off-plan villa in Al Hamra Village was approximately AED 4.55 million.

Bayut’s data shows two distinct areas of demand in Ras Al Khaimah: established communities continue to attract buyers seeking completed homes, while Al Marjan Island is taking the largest share of interest in the emirate’s off-plan apartment market.